Angel Oak Income ETF (NASDAQ:CARY) Sees Significant Drop in Short Interest

Angel Oak Income ETF (NASDAQ:CARY) saw a large decline in short interest during the month of September. As of September 15th, there was short interest totaling 27,070 shares, a decline of 89.7% from the August 31st total of 262,781 shares. Based on an average daily volume of 525,336 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.

Angel Oak Income ETF Price Performance

Shares of NASDAQ CARY traded up $0.02 during mid-day trading on Friday, reaching $20.32. The company’s stock had a trading volume of 457,012 shares, compared to its average volume of 408,898. Angel Oak Income ETF has a 1-year low of $20.25 and a 1-year high of $21.55. The stock has a 50-day moving average of $20.62 and a two-hundred day moving average of $20.75.

Angel Oak Income ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Monday, August 31st were paid a $0.0931 dividend. This is a negative change from Angel Oak Income ETF’s previous monthly dividend of $0.1001. The ex-dividend date of this dividend was Monday, August 31st. This represents a $1.12 dividend on an annualized basis and a yield of 5.5%.

Institutional Investors Weigh In On Angel Oak Income ETF

Large investors have recently made changes to their positions in the stock. Bank of America Corp DE boosted its position in shares of Angel Oak Income ETF by 103,779.5% during the 1st quarter. Bank of America Corp DE now owns 4,951,934 shares of the company’s stock valued at $102,862,000 after acquiring an additional 4,947,167 shares during the last quarter. Arkadios Wealth Advisors grew its stake in shares of Angel Oak Income ETF by 13.7% in the 1st quarter. Arkadios Wealth Advisors now owns 3,562,484 shares of the company’s stock valued at $74,003,000 after buying an additional 428,745 shares during the period. IFC Advisors LLC acquired a new stake in shares of Angel Oak Income ETF during the 1st quarter worth approximately $61,717,000. Envestnet Asset Management Inc. increased its stake in Angel Oak Income ETF by 103.7% during the second quarter. Envestnet Asset Management Inc. now owns 1,107,410 shares of the company’s stock worth $23,012,000 after acquiring an additional 563,831 shares during the last quarter. Finally, Baird Financial Group Inc. increased its stake in Angel Oak Income ETF by 1.7% during the second quarter. Baird Financial Group Inc. now owns 552,850 shares of the company’s stock worth $11,488,000 after acquiring an additional 9,022 shares during the last quarter.

Angel Oak Income ETF Company Profile

The Angel Oak Income ETF (CARY) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund that aims for current income by broadly investing in USD-denominated fixed income securities with a tilt towards structured products and residential mortgage. Securities could be of any credit quality or maturity. CARY was launched on Nov 7, 2022 and is issued by Angel Oak.