VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) Short Interest Up 22.5% in August

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VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL – Get a rating) was the target of significant growth in short interest during the month of August. As of August 15, there was short interest totaling 1,850,000 shares, up 22.5% from the July 31 total of 1,510,000 shares. Based on an average daily trading volume of 2,514,800 shares, the day-to-cover ratio is currently 0.7 days.

VanEck Fallen Angel High Yield Bond ETF Stock Performance

Shares of the VanEck Fallen Angel High Yield Bond ETF traded down $0.45 during Friday’s trading, hitting $27.89. The company’s stock had a trading volume of 2,579,194 shares, compared to its average volume of 2,407,266. The stock has a 50-day moving average price of $27.78 and a two-month moving average price of hundred days of $28.82. VanEck Fallen Angel High Yield Bond ETF has a 1-year low of $26.44 and a 1-year high of $33.43.

VanEck Fallen Angel High Yield Bond ETF increases its dividend

The company also recently declared a monthly dividend, which was paid on Friday, August 5. Investors of record on Tuesday August 2 received a dividend of $0.11. This represents a dividend of $1.32 on an annualized basis and a dividend yield of 4.73%. This is a boost from the VanEck Fallen Angel High Yield Bond ETF’s previous monthly dividend of $0.11. The ex-dividend date was Monday August 1st.

VanEck Fallen Angel High Yield Bond ETF Institutional Trading

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Hedge funds and other institutional investors have recently increased or reduced their stakes in the company. Sunburst Financial Group LLC increased its position in shares of the VanEck Fallen Angel High Yield Bond ETF by 17.1% during the 1st quarter. Sunburst Financial Group LLC now owns 25,925 shares of the company worth $788,000 after purchasing 3,780 additional shares during the period. Ascendant Capital Management LLC acquired a new equity position in the VanEck Fallen Angel High Yield Bond ETF in Q4, valued at approximately $5,869,000. Stiles Financial Services Inc acquired a new equity position in the VanEck Fallen Angel High Yield Bond ETF in Q4, valued at approximately $266,000. Fluent Financial LLC acquired a new equity position in the VanEck Fallen Angel High Yield Bond ETF in Q4, valued at approximately $3,855,000. Finally, Massmutual Trust Co. FSB ADV increased its position in shares of the VanEck Fallen Angel High Yield Bond ETF by 4.0% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 268,334 shares of the company valued at $8,157,000 after purchasing an additional 10,326 shares during the period.

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