VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) Stock Short Interest Report for October

VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) saw a significant growth in short interest in the month of October. As of October 30th, there was short interest totaling 793,583 shares, a growth of 624.5% from the October 15th total of 109,542 shares. Based on an average daily trading volume, of 1,308,904 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.7% of the company’s shares are short sold.

VanEck Fallen Angel High Yield Bond ETF Stock Down 0.6%

Shares of NASDAQ ANGL traded down $0.15 during trading on Thursday, reaching $27.48. The company had a trading volume of 397,954 shares, compared to its average volume of 935,060. The stock has a market cap of $2.84 billion, a P/E ratio of 59.37 and a beta of 0.45. The company’s fifty day moving average price is $27.93 and its 200-day moving average price is $28.83. VanEck Fallen Angel High Yield Bond ETF has a 12 month low of $27.25 and a 12 month high of $29.77.

VanEck Fallen Angel High Yield Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, November 5th. Stockholders of record on Monday, November 2nd were paid a $0.1688 dividend. The ex-dividend date was Monday, November 2nd. This represents a $2.03 annualized dividend and a dividend yield of 7.4%. This is an increase from VanEck Fallen Angel High Yield Bond ETF’s previous monthly dividend of $0.1583.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Costello Asset Management INC purchased a new stake in shares of VanEck Fallen Angel High Yield Bond ETF in the third quarter worth approximately $27,000. Parkside Financial Bank & Trust purchased a new position in shares of VanEck Fallen Angel High Yield Bond ETF during the 2nd quarter valued at $38,000. Quest 10 Wealth Builders Inc. purchased a new stake in VanEck Fallen Angel High Yield Bond ETF during the third quarter valued at about $41,000. Tompkins Financial Corp bought a new position in VanEck Fallen Angel High Yield Bond ETF in the 3rd quarter worth approximately $43,000. Finally, Western Wealth Management LLC bought a new position in shares of VanEck Fallen Angel High Yield Bond ETF in the first quarter worth $49,000.

About VanEck Fallen Angel High Yield Bond ETF

The VanEck Fallen Angel High Yield Bond ETF (ANGL) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks a market-value-weighted index of bonds that were rated investment grade at issuance but later downgraded to sub-investment grade. ANGL was launched on Apr 10, 2012 and is managed by VanEck.