Market Vectors Fallen Angel USD Bond ETF is an open-end management investment company. The Fund seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of The BofA Merrill Lynch US Fallen Angel High Yield Index. The fund normally invests at least 80% of its total assets in securities that comprise the fund's benchmark index. The Fallen Angel Index is comprised of below investment grade corporate bonds denominated in U.S. dollars that were rated investment grade at the time of issuance. As of Apr 30 2013, the Fund's total assets were $11,065,024 and its investment portfolio was valued at $10,858,393. We show 266 historical shares outstanding datapoints in our ANGL shares outstanding history coverage, used to compute ANGL market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing ANGL market cap history over the course of time is important for investors
interested in comparing ANGL's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of ANGL versus a peer is one thing; comparing
ANGL market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like ANGL can fluctuate over the course of history.
With this page we aim to empower investors researching ANGL by allowing them to research the ANGL market cap history. |
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Video: The Importance of Market Cap
