VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) Sees Sharp Drop in Short-Term Interest

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The VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL – Get Rating) was the target of a sharp drop in short-term interest rates in May. As of May 31, there was short interest totaling 817,800 shares, down 89.1% from the May 15 total of 7,470,000 shares. Based on an average daily trading volume of 2,369,200 shares, the short-term interest rate ratio is currently 0.3 day.

A number of large investors have recently increased or reduced their holdings in ANGL. Bank of America Corp DE increased its holdings of shares of the VanEck Fallen Angel High Yield Bond ETF by 7.8% during the fourth quarter. Bank of America Corp DE now owns 20,700,208 shares of the company worth $682,486,000 after purchasing an additional 1,489,360 shares during the period. Allianz Asset Management GmbH increased its stake in VanEck Fallen Angel High Yield Bond ETF by 482.7% during the 4th quarter. Allianz Asset Management GmbH now owns 1,503,289 shares of the company worth $49,556,000 after acquiring an additional 1,245,304 shares during the period. The Tennessee State Treasury Department increased its holdings in the VanEck Fallen Angel High Yield Bond ETF by 45.7% in Q1. The Tennessee State Treasury Department now owns 3,963,600 shares of the company valued at $120,493,000 after acquiring an additional 1,243,600 shares last quarter. 1832 Asset Management LP bought a new equity stake in the VanEck Fallen Angel High Yield Bond ETF during Q1 worth $29,769,000. Finally, Mirae Asset Global Investments Co. Ltd. increased its holdings of shares of the VanEck Fallen Angel High Yield Bond ETF by 707.8% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 928,913 shares of the company worth $30,605,000 after purchasing an additional 813,926 shares last quarter.

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VanEck Fallen Angel High Yield Bond ETF stock was down $0.55 during Friday trading hours, hitting $27.59. The company had a trading volume of 83,071 shares, compared to an average volume of 2,352,742 shares. The company has a 50-day moving average of $28.87 and a 200-day moving average of $30.67. VanEck Fallen Angel High Yield Bond ETF has a one-year low of $27.77 and a one-year high of $33.43.

The company also recently announced a monthly dividend, which was paid on Tuesday, June 7. Shareholders of record on Thursday, June 2 received a dividend of $0.11. This is an increase from the VanEck Fallen Angel High Yield Bond ETF’s previous monthly dividend of $0.11. The ex-dividend date was Wednesday, June 1. This represents an annualized dividend of $1.32 and a dividend yield of 4.78%.

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