Short Interest in Angel Oak UltraShort Income ETF (NASDAQ:UYLD) Decreases By 29.2%

Angel Oak UltraShort Income ETF (NASDAQ:UYLD) was the recipient of a significant decline in short interest in January. As of January 15th, there was short interest totaling 40,567 shares, a decline of 29.2% from the December 31st total of 57,325 shares. Based on an average daily trading volume, of 156,683 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.2% of the shares of the stock are short sold. Approximately 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 156,683 shares, the days-to-cover ratio is presently 0.3 days.

Angel Oak UltraShort Income ETF Trading Down 0.3%

NASDAQ:UYLD opened at $51.17 on Friday. Angel Oak UltraShort Income ETF has a 1 year low of $50.74 and a 1 year high of $51.46. The stock has a fifty day moving average price of $51.23 and a two-hundred day moving average price of $51.23.

Angel Oak UltraShort Income ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, February 2nd. Investors of record on Friday, January 30th will be paid a $0.1689 dividend. The ex-dividend date is Friday, January 30th. This represents a c) annualized dividend and a dividend yield of 4.0%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in UYLD. MAI Capital Management acquired a new stake in shares of Angel Oak UltraShort Income ETF during the 3rd quarter valued at approximately $28,000. JPMorgan Chase & Co. raised its holdings in Angel Oak UltraShort Income ETF by 46,300.0% during the third quarter. JPMorgan Chase & Co. now owns 1,392 shares of the company’s stock worth $71,000 after purchasing an additional 1,389 shares during the last quarter. Wealthcare Advisory Partners LLC acquired a new position in Angel Oak UltraShort Income ETF during the third quarter worth $230,000. A4 Wealth Advisors LLC purchased a new stake in Angel Oak UltraShort Income ETF during the third quarter worth $240,000. Finally, Foundations Investment Advisors LLC acquired a new stake in Angel Oak UltraShort Income ETF in the third quarter valued at $245,000.

Angel Oak UltraShort Income ETF Company Profile

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.