Angel Oak UltraShort Income ETF (NASDAQ:UYLD) Sees Unusually-High Trading Volume – What’s Next?

Angel Oak UltraShort Income ETF (NASDAQ:UYLD) shares saw unusually-strong trading volume on Monday . Approximately 378,359 shares changed hands during mid-day trading, an increase of 102% from the previous session’s volume of 187,412 shares.The stock last traded at $51.08 and had previously closed at $51.08.

Angel Oak UltraShort Income ETF Price Performance

The business has a 50 day simple moving average of $51.21 and a 200 day simple moving average of $51.22.

Angel Oak UltraShort Income ETF Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Wednesday, April 1st. Shareholders of record on Tuesday, March 31st were paid a $0.2234 dividend. The ex-dividend date of this dividend was Tuesday, March 31st.

Hedge Funds Weigh In On Angel Oak UltraShort Income ETF

A number of institutional investors and hedge funds have recently bought and sold shares of UYLD. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Angel Oak UltraShort Income ETF during the fourth quarter valued at $27,000. MAI Capital Management acquired a new position in shares of Angel Oak UltraShort Income ETF during the third quarter valued at $28,000. Royal Bank of Canada lifted its stake in shares of Angel Oak UltraShort Income ETF by 76.0% during the fourth quarter. Royal Bank of Canada now owns 901 shares of the company’s stock valued at $46,000 after acquiring an additional 389 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Angel Oak UltraShort Income ETF by 46,300.0% during the third quarter. JPMorgan Chase & Co. now owns 1,392 shares of the company’s stock valued at $71,000 after acquiring an additional 1,389 shares during the period. Finally, Wealthcare Advisory Partners LLC acquired a new position in shares of Angel Oak UltraShort Income ETF during the third quarter valued at $230,000.

Angel Oak UltraShort Income ETF Company Profile

The Angel Oak UltraShort Income ETF (UYLD) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund actively invests in a broad portfolio of fixed income securities of various credit qualities. Selection is based on fundamental analysis and managed to provide a dollar-weighted average maturity of less than two years UYLD was launched on Oct 24, 2022 and is issued by Angel Oak.