Angel Oak High Yield Opportunities ETF (NASDAQ:AOHY) Short Interest Up 280.9% in May

Angel Oak High Yield Opportunities ETF (NASDAQ:AOHY) saw a large growth in short interest in May. As of May 29th, there was short interest totaling 36,503 shares, a growth of 280.9% from the May 14th total of 9,584 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average daily volume of 36,103 shares, the days-to-cover ratio is currently 1.0 days.

Angel Oak High Yield Opportunities ETF Trading Up 0.2%

NASDAQ AOHY traded up $0.02 during trading hours on Friday, hitting $11.06. The company’s stock had a trading volume of 11,985 shares, compared to its average volume of 60,224. Angel Oak High Yield Opportunities ETF has a 52 week low of $10.86 and a 52 week high of $11.29. The company has a market capitalization of $120.66 million, a PE ratio of 2.33 and a beta of 0.19. The company’s 50-day simple moving average is $11.06 and its two-hundred day simple moving average is $11.10.

Angel Oak High Yield Opportunities ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Monday, June 1st. Shareholders of record on Friday, May 29th were given a dividend of $0.0581 per share. The ex-dividend date was Friday, May 29th.

Hedge Funds Weigh In On Angel Oak High Yield Opportunities ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Jane Street Group LLC grew its holdings in Angel Oak High Yield Opportunities ETF by 79.7% in the first quarter. Jane Street Group LLC now owns 85,907 shares of the company’s stock worth $942,000 after purchasing an additional 38,090 shares during the period. Raymond James Financial Inc. bought a new position in Angel Oak High Yield Opportunities ETF during the second quarter valued at approximately $62,000. 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 worth $3,496,000 after acquiring an additional 46,971 shares during the period. UBS Group AG raised its position in Angel Oak High Yield Opportunities ETF by 16.4% in the third quarter. UBS Group AG now owns 338,944 shares of the company’s stock worth $3,796,000 after acquiring an additional 47,822 shares during the period. Finally, Ausdal Financial Partners Inc. bought a new position in Angel Oak High Yield Opportunities ETF in the third quarter worth approximately $122,000.

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.