Angel Oak High Yield Opportunities ETF (NASDAQ:AOHY) Short Interest Down 80.9% in May

Angel Oak High Yield Opportunities ETF (NASDAQ:AOHY) was the target of a significant decrease in short interest in the month of May. As of May 15th, there was short interest totaling 9,584 shares, a decrease of 80.9% from the April 30th total of 50,212 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily volume of 48,550 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Trading of Angel Oak High Yield Opportunities ETF

Hedge funds and other institutional investors have recently modified their holdings of the business. Arkadios Wealth Advisors raised its position in shares of Angel Oak High Yield Opportunities ETF by 12.3% in the 1st quarter. Arkadios Wealth Advisors now owns 3,857,687 shares of the company’s stock valued at $42,165,000 after purchasing an additional 422,647 shares in the last quarter. Royal Bank of Canada raised its holdings in Angel Oak High Yield Opportunities ETF by 588.5% in the first quarter. Royal Bank of Canada now owns 12,910 shares of the company’s stock valued at $141,000 after acquiring an additional 11,035 shares in the last quarter. NewEdge Wealth LLC boosted its stake in Angel Oak High Yield Opportunities ETF by 8.2% during the 1st quarter. NewEdge Wealth LLC now owns 374,657 shares of the company’s stock valued at $4,095,000 after acquiring an additional 28,499 shares during the last quarter. Avantax Planning Partners Inc. bought a new position in Angel Oak High Yield Opportunities ETF during the 1st quarter valued at $244,000. Finally, Lewis Asset Management LLC acquired a new position in Angel Oak High Yield Opportunities ETF during the 1st quarter worth $286,000.

Angel Oak High Yield Opportunities ETF Stock Performance

AOHY opened at $11.09 on Thursday. Angel Oak High Yield Opportunities ETF has a twelve month low of $10.86 and a twelve month high of $11.29. The firm has a market cap of $120.99 million, a price-to-earnings ratio of 2.33 and a beta of 0.19. The company has a fifty day simple moving average of $11.04 and a 200 day simple moving average of $11.10.

Angel Oak High Yield Opportunities ETF Announces Dividend

The company also recently disclosed a dividend, which was paid on Friday, May 1st. Shareholders of record on Thursday, April 30th were given a $0.0621 dividend. The ex-dividend date of this dividend was Thursday, April 30th.

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. AOHY was launched on Feb 20, 2024 and is issued by Angel Oak.