Angel Oak UltraShort Income ETF (NASDAQ:UYLD) Sees Large Growth in Short Interest

Angel Oak UltraShort Income ETF (NASDAQ:UYLD) saw a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 54,644 shares, a growth of 138.0% from the August 31st total of 22,956 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 1,399,921 shares, the days-to-cover ratio is presently 0.0 days.

Angel Oak UltraShort Income ETF Stock Performance

Shares of NASDAQ:UYLD opened at $50.93 on Tuesday. The company has a 50-day moving average price of $51.04 and a 200 day moving average price of $51.09. Angel Oak UltraShort Income ETF has a 52 week low of $50.89 and a 52 week high of $51.40.

Angel Oak UltraShort Income ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Monday, August 31st were given a $0.1799 dividend. The ex-dividend date was Monday, August 31st. This is a negative change from Angel Oak UltraShort Income ETF’s previous monthly dividend of $0.1939. This represents a $2.16 annualized dividend and a yield of 4.2%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Commonwealth Equity Services LLC boosted its stake in shares of Angel Oak UltraShort Income ETF by 42.0% during the fourth quarter. Commonwealth Equity Services LLC now owns 134,205 shares of the company’s stock valued at $6,864,000 after acquiring an additional 39,679 shares during the last quarter. Crescent Grove Advisors LLC lifted its position in Angel Oak UltraShort Income ETF by 12.1% during the fourth quarter. Crescent Grove Advisors LLC now owns 348,678 shares of the company’s stock worth $17,916,000 after buying an additional 37,755 shares during the period. First National Bank of Omaha purchased a new stake in Angel Oak UltraShort Income ETF in the 4th quarter valued at about $13,248,000. Vise Technologies Inc. grew its holdings in Angel Oak UltraShort Income ETF by 127.3% in the fourth quarter. Vise Technologies Inc. now owns 85,821 shares of the company’s stock valued at $4,389,000 after purchasing an additional 48,058 shares during the period. Finally, Mason & Associates Inc increased its holdings 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 buying an additional 220,191 shares during the last quarter.

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.