VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) Interest Update

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The VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL – Get Rating) was the target of a significant drop in short-term interest in July. As of July 15, there was short interest totaling 4,680,000 shares, down 22.1% from the June 30 total of 6,010,000 shares. Based on an average daily volume of 2,748,400 shares, the day-to-cover ratio is currently 1.7 days.

VanEck Fallen Angel High Yield Bond ETF trades up 0.3%

VanEck Fallen Angel High Yield Bond ETF stock opened at $28.35 on Monday. The stock has a fifty-day moving average price of $27.74 and a two-hundred-day moving average price of $29.28. VanEck Fallen Angel High Yield Bond ETF has a 52-week low of $26.44 and a 52-week high of $33.43.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividends

The company also recently declared a monthly dividend, which was paid on Friday, July 8. Investors of record on Tuesday, July 5 received a dividend of $0.108. This represents an annualized dividend of $1.30 and a yield of 4.57%. The ex-dividend date was Friday, July 1.

Institutional investors weigh in on the VanEck Fallen Angel High Yield Bond ETF

Hedge funds and other institutional investors have recently been buying and selling shares of the company. Bank of America Corp DE increased its position in shares of the VanEck Fallen Angel High Yield Bond ETF by 6.7% during the 1st quarter. Bank of America Corp DE now owns 22,082,708 shares of the company worth $671,314,000 after buying an additional 1,382,500 shares in the last quarter. The Tennessee State Treasury Department increased its holdings of VanEck Fallen Angel High Yield Bond ETF shares by 45.7% in the first quarter. The Tennessee State Treasury Department now owns 3,963,600 shares of the company worth $120,493,000 after acquiring an additional 1,243,600 shares in the last quarter. Capital Investment Advisors LLC increased its holdings of VanEck Fallen Angel High Yield Bond ETF shares by 3.1% in the second quarter. Capital Investment Advisors LLC now owns 3,182,476 shares of the company worth $85,991,000 after acquiring 96,367 additional shares in the last quarter. Gradient Investments LLC increased its holdings in VanEck Fallen Angel High Yield Bond ETF by 0.5% in Q2. Gradient Investments LLC now owns 3,023,176 shares of the company valued at $81,686,000 after purchasing an additional 13,961 shares in the last quarter. Finally, LPL Financial LLC increased its holdings in VanEck Fallen Angel High Yield Bond ETF by 14.3% during the 4th quarter. LPL Financial LLC now owns 2,549,421 shares of the company worth $84,054,000 after purchasing an additional 319,187 shares in the last quarter.

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