Angel Oak UltraShort Income ETF (NASDAQ:UYLD) Sets New 12-Month Low – What’s Next?

Angel Oak UltraShort Income ETF (NASDAQ:UYLD) shares reached a new 52-week low during mid-day trading on Wednesday. The stock traded as low as $50.83 and last traded at $50.83, with a volume of 500 shares. The stock had previously closed at $50.94.

Angel Oak UltraShort Income ETF Price Performance

The business’s fifty day moving average is $51.04 and its 200-day moving average is $51.09.

Angel Oak UltraShort Income ETF Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Wednesday, September 30th will be paid a dividend of $0.2304 per share. This is an increase from Angel Oak UltraShort Income ETF’s previous monthly dividend of $0.1799. This represents a $2.77 dividend on an annualized basis and a yield of 5.5%. The ex-dividend date of this dividend is Wednesday, September 30th.

Institutional Investors Weigh In On Angel Oak UltraShort Income ETF

Institutional investors have recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC lifted its holdings in shares of Angel Oak UltraShort Income ETF by 42.0% during the 4th 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 in the last quarter. Crescent Grove Advisors LLC grew its stake in shares of 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 valued at $17,916,000 after acquiring an additional 37,755 shares in the last quarter. First National Bank of Omaha purchased a new stake in shares of Angel Oak UltraShort Income ETF during the fourth quarter worth about $13,248,000. Vise Technologies Inc. increased its position in shares of Angel Oak UltraShort Income ETF by 127.3% during the fourth quarter. Vise Technologies Inc. now owns 85,821 shares of the company’s stock worth $4,389,000 after acquiring an additional 48,058 shares during the last quarter. Finally, Mason & Associates Inc increased its position in shares of Angel Oak UltraShort Income ETF by 455.7% during the second quarter. Mason & Associates Inc now owns 268,513 shares of the company’s stock worth $13,696,000 after acquiring 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.