Angel Oak UltraShort Income ETF (NASDAQ:UYLD) Hits New 12-Month Low – What’s Next?

Angel Oak UltraShort Income ETF (NASDAQ:UYLD) hit a new 52-week low on Wednesday. The company traded as low as $50.69 and last traded at $50.7660, with a volume of 8762 shares changing hands. The stock had previously closed at $50.74.

Angel Oak UltraShort Income ETF Stock Performance

The company has a 50 day moving average of $50.99 and a 200-day moving average of $51.07.

Angel Oak UltraShort Income ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, October 1st. Shareholders of record on Wednesday, September 30th were issued a dividend of $0.2304 per share. This represents a $2.77 dividend on an annualized basis and a dividend yield of 5.4%. This is a positive change from Angel Oak UltraShort Income ETF’s previous monthly dividend of $0.1799. The ex-dividend date of this dividend was Wednesday, September 30th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. First National Bank of Omaha acquired a new position in Angel Oak UltraShort Income ETF in the fourth quarter valued at approximately $13,248,000. Mason & Associates Inc raised its position in shares of Angel Oak UltraShort Income ETF by 455.7% during the 2nd quarter. Mason & Associates Inc now owns 268,513 shares of the company’s stock worth $13,696,000 after purchasing an additional 220,191 shares during the period. IFC Advisors LLC lifted its holdings in shares of Angel Oak UltraShort Income ETF by 39.4% in the 1st quarter. IFC Advisors LLC now owns 313,913 shares of the company’s stock worth $16,021,000 after purchasing an additional 88,758 shares during the last quarter. Precision Wealth Strategies LLC lifted its holdings in shares of Angel Oak UltraShort Income ETF by 35.0% in the 1st quarter. Precision Wealth Strategies LLC now owns 165,111 shares of the company’s stock worth $8,426,000 after purchasing an additional 42,784 shares during the last quarter. Finally, Kestra Advisory Services LLC boosted its position in Angel Oak UltraShort Income ETF by 833.8% during the 1st quarter. Kestra Advisory Services LLC now owns 169,902 shares of the company’s stock valued at $8,671,000 after purchasing an additional 151,708 shares during the period.

About Angel Oak UltraShort Income ETF

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.