Angel Oak UltraShort Income ETF (NASDAQ:UYLD) Short Interest Update

Angel Oak UltraShort Income ETF (NASDAQ:UYLD) was the target of a significant increase in short interest in May. As of May 29th, there was short interest totaling 80,367 shares, an increase of 134.7% from the May 14th total of 34,248 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average trading volume of 189,732 shares, the short-interest ratio is currently 0.4 days.

Institutional Trading of Angel Oak UltraShort Income ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Envestnet Asset Management Inc. purchased a new stake in shares of Angel Oak UltraShort Income ETF in the third quarter worth approximately $1,006,000. NorthCrest Asset Manangement LLC raised its stake in shares of Angel Oak UltraShort Income ETF by 38.0% in the fourth quarter. NorthCrest Asset Manangement LLC now owns 90,318 shares of the company’s stock worth $4,620,000 after purchasing an additional 24,887 shares during the last quarter. Sage Mountain Advisors LLC raised its stake in shares of Angel Oak UltraShort Income ETF by 15.7% in the fourth quarter. Sage Mountain Advisors LLC now owns 126,372 shares of the company’s stock worth $6,463,000 after purchasing an additional 17,193 shares during the last quarter. Islay Capital Management LLC raised its stake in shares of Angel Oak UltraShort Income ETF by 85.2% in the third quarter. Islay Capital Management LLC now owns 144,271 shares of the company’s stock worth $7,379,000 after purchasing an additional 66,382 shares during the last quarter. Finally, Midland Wealth Advisors LLC raised its stake in shares of Angel Oak UltraShort Income ETF by 21.8% in the third quarter. Midland Wealth Advisors LLC now owns 189,103 shares of the company’s stock worth $9,672,000 after purchasing an additional 33,859 shares during the last quarter.

Angel Oak UltraShort Income ETF Trading Up 0.0%

Shares of NASDAQ:UYLD opened at $51.10 on Friday. The business’s 50 day simple moving average is $51.11 and its two-hundred day simple moving average is $51.18. Angel Oak UltraShort Income ETF has a 52-week low of $50.99 and a 52-week high of $51.46.

Angel Oak UltraShort Income ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Monday, June 1st. Shareholders of record on Friday, May 29th were issued a $0.1806 dividend. The ex-dividend date was Friday, May 29th.

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.