Angel Oak UltraShort Income ETF (NASDAQ:UYLD – Get Free Report) saw a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 78,748 shares, an increase of 7,252.8% from the September 30th total of 1,071 shares. Based on an average daily volume of 243,810 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.3% of the shares of the company are sold short.
Angel Oak UltraShort Income ETF Stock Up 0.0%
Shares of UYLD traded up $0.01 during trading hours on Monday, reaching $50.98. 188,681 shares of the company traded hands, compared to its average volume of 251,633. The stock’s fifty day moving average is $50.96 and its 200 day moving average is $51.05. Angel Oak UltraShort Income ETF has a 1-year low of $50.69 and a 1-year high of $51.40.
Angel Oak UltraShort Income ETF Increases Dividend
The company also recently declared a monthly dividend, which was paid on Thursday, October 1st. Investors of record on Wednesday, September 30th were paid a dividend of $0.2304 per share. This is a positive change from Angel Oak UltraShort Income ETF’s previous monthly dividend of $0.1799. This represents a $2.77 annualized dividend and a yield of 5.4%. The ex-dividend date was Wednesday, September 30th.
Institutional Trading of Angel Oak UltraShort Income ETF
A number of hedge funds have recently modified their holdings of UYLD. NewEdge Advisors LLC lifted its holdings in shares of Angel Oak UltraShort Income ETF by 199.2% during the 2nd quarter. NewEdge Advisors LLC now owns 2,115 shares of the company’s stock worth $108,000 after acquiring an additional 1,408 shares during the period. Worth Asset Management LLC bought a new position in Angel Oak UltraShort Income ETF during the second quarter worth about $247,000. Rockefeller Capital Management L.P. lifted its stake in Angel Oak UltraShort Income ETF by 30.3% during the fourth quarter. Rockefeller Capital Management L.P. now owns 5,058 shares of the company’s stock worth $259,000 after purchasing an additional 1,176 shares during the period. EverSource Wealth Advisors LLC lifted its stake in Angel Oak UltraShort Income ETF by 37.8% during the first quarter. EverSource Wealth Advisors LLC now owns 10,333 shares of the company’s stock worth $527,000 after purchasing an additional 2,834 shares during the period. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its stake in Angel Oak UltraShort Income ETF by 68.4% during the second quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 10,711 shares of the company’s stock worth $546,000 after purchasing an additional 4,352 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.
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