Angel Oak UltraShort Income ETF (NASDAQ:UYLD) Shares Shorted: Short Interest Down 98.0% in September

Angel Oak UltraShort Income ETF (NASDAQ:UYLD) was the recipient of a significant decrease in short interest in the month of September. As of September 30th, there was short interest totaling 1,071 shares, a decrease of 98.0% from the September 15th total of 54,644 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 199,259 shares, the short-interest ratio is presently 0.0 days.

Institutional Investors Weigh In On Angel Oak UltraShort Income ETF

Several hedge funds have recently added to or reduced their stakes in the business. Gradient Investments LLC raised its position in shares of Angel Oak UltraShort Income ETF by 2.0% in the third quarter. Gradient Investments LLC now owns 1,036,433 shares of the company’s stock valued at $52,579,000 after purchasing an additional 20,086 shares during the period. IFC Advisors LLC boosted its holdings in shares of Angel Oak UltraShort Income ETF by 39.4% during the 1st quarter. IFC Advisors LLC now owns 313,913 shares of the company’s stock worth $16,021,000 after buying an additional 88,758 shares during the period. Janney Montgomery Scott LLC grew its stake in Angel Oak UltraShort Income ETF by 1.3% in the 1st quarter. Janney Montgomery Scott LLC now owns 273,164 shares of the company’s stock valued at $13,941,000 after buying an additional 3,539 shares during the last quarter. Mason & Associates Inc grew its stake in Angel Oak UltraShort Income ETF by 455.7% in the 2nd quarter. Mason & Associates Inc now owns 268,513 shares of the company’s stock valued at $13,696,000 after buying an additional 220,191 shares during the last quarter. Finally, First National Bank of Omaha acquired a new position in Angel Oak UltraShort Income ETF in the 4th quarter valued at about $13,248,000.

Angel Oak UltraShort Income ETF Stock Performance

Shares of UYLD traded up $0.04 during mid-day trading on Friday, reaching $50.88. The company’s stock had a trading volume of 494,273 shares, compared to its average volume of 251,494. Angel Oak UltraShort Income ETF has a 1-year low of $50.69 and a 1-year high of $51.40. The business has a 50-day simple moving average of $50.99 and a two-hundred day simple 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. Investors 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%. The ex-dividend date of this dividend was Wednesday, September 30th. This is a boost from Angel Oak UltraShort Income ETF’s previous monthly dividend of $0.1799.

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.