Angel Oak UltraShort Income ETF (NASDAQ:UYLD) Short Interest Up 88.8% in January

Angel Oak UltraShort Income ETF (NASDAQ:UYLD) saw a significant increase in short interest in the month of January. As of January 30th, there was short interest totaling 76,606 shares, an increase of 88.8% from the January 15th total of 40,567 shares. Based on an average daily trading volume, of 210,533 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.3% of the company’s shares are short sold. Approximately 0.3% of the company’s shares are short sold. Based on an average daily trading volume, of 210,533 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Investors Weigh In On Angel Oak UltraShort Income ETF

A number of hedge funds have recently added to or reduced their stakes in the company. NewEdge Advisors LLC increased its stake in Angel Oak UltraShort Income ETF by 4.6% during the 1st quarter. NewEdge Advisors LLC now owns 8,936 shares of the company’s stock valued at $457,000 after purchasing an additional 392 shares in the last quarter. Concurrent Investment Advisors LLC grew its holdings in Angel Oak UltraShort Income ETF by 60.0% during the second quarter. Concurrent Investment Advisors LLC now owns 23,566 shares of the company’s stock valued at $1,204,000 after purchasing an additional 8,840 shares during the period. Steel Grove Capital Advisors LLC raised its stake in shares of Angel Oak UltraShort Income ETF by 163.0% in the second quarter. Steel Grove Capital Advisors LLC now owns 161,970 shares of the company’s stock valued at $8,272,000 after buying an additional 100,390 shares during the period. Riverwater Partners LLC lifted its position in shares of Angel Oak UltraShort Income ETF by 22.5% during the 2nd quarter. Riverwater Partners LLC now owns 6,037 shares of the company’s stock valued at $308,000 after buying an additional 1,109 shares during the last quarter. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new stake in Angel Oak UltraShort Income ETF in the 2nd quarter valued at about $414,000.

Angel Oak UltraShort Income ETF Price Performance

UYLD stock opened at $51.26 on Friday. The stock has a 50-day moving average price of $51.23 and a 200-day moving average price of $51.23. Angel Oak UltraShort Income ETF has a 1-year low of $50.74 and a 1-year high of $51.46.

Angel Oak UltraShort Income ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, February 2nd. Stockholders of record on Friday, January 30th were given a dividend of $0.1689 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend was Friday, January 30th.

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.