VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL – Get Free Report) was the target of a large decline in short interest in the month of May. As of May 31st, there was short interest totalling 234,500 shares, a decline of 81.5% from the May 15th total of 1,270,000 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average trading volume of 1,397,500 shares, the short-interest ratio is presently 0.2 days.
Institutional Investors Weigh In On VanEck Fallen Angel High Yield Bond ETF
A number of hedge funds and other institutional investors have recently bought and sold shares of ANGL. BNP Paribas Financial Markets raised its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 1,856.5% during the 4th quarter. BNP Paribas Financial Markets now owns 900 shares of the company’s stock valued at $26,000 after purchasing an additional 854 shares during the period. Biltmore Family Office LLC raised its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 593.3% during the 4th quarter. Biltmore Family Office LLC now owns 936 shares of the company’s stock valued at $27,000 after purchasing an additional 801 shares during the period. Van ECK Associates Corp raised its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 38.1% during the 4th quarter. Van ECK Associates Corp now owns 1,414 shares of the company’s stock valued at $41,000 after purchasing an additional 390 shares during the period. Costello Asset Management INC bought a new stake in shares of VanEck Fallen Angel High Yield Bond ETF during the first quarter valued at about $44,000. Finally, Transce3nd LLC bought a new stake in shares of VanEck Fallen Angel High Yield Bond ETF during the fourth quarter valued at about $46,000.
VanEck Fallen Angel High Yield Bond ETF Stock Up 0.0%
NASDAQ ANGL opened at $28.79 on Thursday. The company’s 50 day moving average is $28.28 and its 200-day moving average is $28.69. VanEck Fallen Angel High Yield Bond ETF has a 12-month low of $26.92 and a 12-month high of $29.47. The firm has a market cap of $2.86 billion, a P/E ratio of 59.37 and a beta of 0.44.
VanEck Fallen Angel High Yield Bond ETF Increases Dividend
VanEck Fallen Angel High Yield Bond ETF Company Profile
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.
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