Angel Oak High Yield Opportunities ETF (NASDAQ:AOHY) Trading Up 0.4% – Should You Buy?

Angel Oak High Yield Opportunities ETF (NASDAQ:AOHY) shares traded up 0.4% during mid-day trading on Thursday . The stock traded as high as $11.18 and last traded at $11.14. 69,640 shares were traded during mid-day trading, an increase of 26% from the average session volume of 55,262 shares. The stock had previously closed at $11.10.

Angel Oak High Yield Opportunities ETF Stock Performance

The stock has a market capitalization of $128.78 million, a P/E ratio of 2.33 and a beta of 0.22. The business has a fifty day simple moving average of $11.11 and a 200-day simple moving average of $11.13.

Angel Oak High Yield Opportunities ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Monday, December 1st. Investors of record on Friday, November 28th were paid a dividend of $0.0525 per share. The ex-dividend date of this dividend was Friday, November 28th. This represents a c) annualized dividend and a yield of 5.7%.

Institutional Investors Weigh In On Angel Oak High Yield Opportunities ETF

A number of large investors have recently bought and sold shares of AOHY. Arkadios Wealth Advisors raised its holdings in shares of Angel Oak High Yield Opportunities ETF by 38.5% during the third quarter. Arkadios Wealth Advisors now owns 2,973,660 shares of the company’s stock valued at $33,305,000 after purchasing an additional 827,302 shares during the period. UBS Group AG increased its position in Angel Oak High Yield Opportunities ETF by 16.4% in the 3rd quarter. UBS Group AG now owns 338,944 shares of the company’s stock valued at $3,796,000 after buying an additional 47,822 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in Angel Oak High Yield Opportunities ETF by 17.7% during the 3rd quarter. Envestnet Asset Management Inc. now owns 312,145 shares of the company’s stock worth $3,496,000 after buying an additional 46,971 shares during the period. WBI Investments LLC boosted its holdings in Angel Oak High Yield Opportunities ETF by 126.7% in the second quarter. WBI Investments LLC now owns 187,233 shares of the company’s stock worth $2,085,000 after acquiring an additional 104,638 shares in the last quarter. Finally, Jane Street Group LLC boosted its holdings in Angel Oak High Yield Opportunities ETF by 79.7% in the first quarter. Jane Street Group LLC now owns 85,907 shares of the company’s stock worth $942,000 after acquiring an additional 38,090 shares in the last quarter.

Angel Oak High Yield Opportunities ETF Company Profile

The Angel Oak High Yield Opportunities ETF (AOHY) is an exchange-traded fund that mostly invests in high yield fixed income. The fund is an actively managed fund that provides broad exposure to high-yield fixed-income securities, globally. The fund seeks a high level of current income, and to a lesser extent, capital appreciation.