Angel Oak High Yield Opportunities ETF (NASDAQ:AOHY) Shares Up 0.4% – Should You Buy?

Angel Oak High Yield Opportunities ETF (NASDAQ:AOHY)’s stock price was up 0.4% on Thursday . The stock traded as high as $11.18 and last traded at $11.14. Approximately 69,640 shares were traded during mid-day trading, an increase of 26% from the average daily volume of 55,262 shares. The stock had previously closed at $11.10.

Angel Oak High Yield Opportunities ETF Price Performance

The stock has a market cap of $128.78 million, a price-to-earnings ratio of 2.33 and a beta of 0.22. The company has a 50 day simple moving average of $11.12 and a 200 day simple moving average of $11.14.

Angel Oak High Yield Opportunities ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, December 1st. Investors of record on Friday, November 28th were paid a $0.0525 dividend. The ex-dividend date of this dividend was Friday, November 28th. This represents a c) annualized dividend and a yield of 5.7%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Arkadios Wealth Advisors boosted its holdings in shares of Angel Oak High Yield Opportunities ETF by 38.5% during the 3rd quarter. Arkadios Wealth Advisors now owns 2,973,660 shares of the company’s stock valued at $33,305,000 after acquiring an additional 827,302 shares in the last quarter. UBS Group AG increased its holdings in Angel Oak High Yield Opportunities ETF by 16.4% in the 3rd quarter. UBS Group AG now owns 338,944 shares of the company’s stock worth $3,796,000 after purchasing an additional 47,822 shares in the last quarter. Envestnet Asset Management Inc. raised its position in Angel Oak High Yield Opportunities ETF by 17.7% in the third quarter. Envestnet Asset Management Inc. now owns 312,145 shares of the company’s stock valued at $3,496,000 after purchasing an additional 46,971 shares during the last quarter. WBI Investments LLC boosted its stake in shares of Angel Oak High Yield Opportunities ETF by 126.7% during the second quarter. WBI Investments LLC now owns 187,233 shares of the company’s stock valued at $2,085,000 after purchasing an additional 104,638 shares in the last quarter. Finally, Jane Street Group LLC boosted its stake in shares of Angel Oak High Yield Opportunities ETF by 79.7% during the first quarter. Jane Street Group LLC now owns 85,907 shares of the company’s stock valued at $942,000 after purchasing an additional 38,090 shares in the last quarter.

About Angel Oak High Yield Opportunities ETF

The Angel Oak High Yield Opportunities ETF (AOHY) is an exchange-traded fund that mostly invests in high yield fixed income. The fund is an actively managed fund that provides broad exposure to high-yield fixed-income securities, globally. The fund seeks a high level of current income, and to a lesser extent, capital appreciation. AOHY was launched on Feb 20, 2024 and is issued by Angel Oak.