Angel Oak Mortgage-Backed Securities ETF (NASDAQ:MBS) Sees Large Growth in Short Interest

Angel Oak Mortgage-Backed Securities ETF (NASDAQ:MBSGet Free Report) saw a large increase in short interest in the month of May. As of May 29th, there was short interest totaling 46,555 shares, an increase of 58.9% from the May 14th total of 29,303 shares. Based on an average daily volume of 62,245 shares, the short-interest ratio is presently 0.7 days. Approximately 0.3% of the company’s shares are sold short.

Angel Oak Mortgage-Backed Securities ETF Trading Up 0.1%

MBS traded up $0.01 during midday trading on Tuesday, reaching $8.65. 27,584 shares of the company’s stock traded hands, compared to its average volume of 101,130. Angel Oak Mortgage-Backed Securities ETF has a 52 week low of $8.52 and a 52 week high of $9.16. The firm has a fifty day moving average of $8.66 and a two-hundred day moving average of $8.73.

Angel Oak Mortgage-Backed Securities ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Monday, June 1st. Stockholders of record on Friday, May 29th were paid a dividend of $0.0359 per share. The ex-dividend date of this dividend was Friday, May 29th.

Institutional Trading of Angel Oak Mortgage-Backed Securities ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Royal Bank of Canada purchased a new stake in Angel Oak Mortgage-Backed Securities ETF in the first quarter worth $51,000. Quantinno Capital Management LP purchased a new position in Angel Oak Mortgage-Backed Securities ETF during the 1st quarter valued at $105,000. First Financial Bankshares Inc purchased a new position in Angel Oak Mortgage-Backed Securities ETF during the 3rd quarter valued at $152,000. Envestnet Asset Management Inc. bought a new position in Angel Oak Mortgage-Backed Securities ETF in the 3rd quarter worth $197,000. Finally, Weaver Consulting Group bought a new position in Angel Oak Mortgage-Backed Securities ETF in the 4th quarter worth $271,000.

About Angel Oak Mortgage-Backed Securities ETF

(Get Free Report)

The Angel Oak Mortgage-Backed Securities ETF (MBS) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is actively managed, seekingtotal returns through investments in various US mortgage-backed securities (MBS) of any credit quality and maturity. MBS was launched on Feb 20, 2024 and is issued by Angel Oak.

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