ANGL Stock Summary and Trading Ideas (Vaneck Fallen Angel High Yield Bond ETF | ARCA:ANGL)

VanEck Fallen Angel High Yield Bond ETF (ANGL) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of ICE US Fallen Angel High Yield 10% Constrained Index (H0FA). The Index is comprised of below investment grade corporate bonds denominated in U.S. dollars, issued in the U.S. domestic market and that were rated investment grade at the time of issuance.

Vaneck Fallen Angel High Yield Bond ETF trades on the ARCA stock market under the symbol ANGL.

As of April 18, 2024, ANGL stock price climbed to $28.17 with 1,931,434 million shares trading.

ANGL has a beta of 0.47, meaning it tends to be less sensitive to market movements. ANGL has a correlation of 0.54 to the broad based SPY ETF.

ANGL has a market cap of $3.01 billion. This is considered a Mid Cap stock.

In the last 3 years, ANGL stock traded as high as $33.43 and as low as $25.75.

ANGL has underperformed the market in the last year with a return of +6.9%, while the SPY ETF gained +22.3%. In the last 3 month period, ANGL fell short of the market, returning -0.9%, while SPY returned +6.1%. However, in the most recent 2 weeks ANGL has outperformed the stock market by returning -2.0%, while SPY returned -3.8%.

ANGL support price is $28.03 and resistance is $28.25 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ANGL stock will trade within this expected range on the day.