Angel Oak Income ETF (NASDAQ:CARY) Short Interest Up 171.2% in June

Angel Oak Income ETF (NASDAQ:CARY) was the recipient of a significant growth in short interest in June. As of June 30th, there was short interest totaling 218,074 shares, a growth of 171.2% from the June 15th total of 80,408 shares. Based on an average trading volume of 293,070 shares, the days-to-cover ratio is presently 0.7 days. Approximately 0.3% of the shares of the stock are short sold.

Angel Oak Income ETF Trading Down 0.1%

Shares of Angel Oak Income ETF stock opened at $20.72 on Tuesday. Angel Oak Income ETF has a 12-month low of $20.62 and a 12-month high of $21.55. The company has a 50-day simple moving average of $20.79 and a 200 day simple moving average of $20.88.

Angel Oak Income ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, July 1st. Shareholders of record on Tuesday, June 30th were paid a dividend of $0.1004 per share. This is a positive change from Angel Oak Income ETF’s previous dividend of $0.09. The ex-dividend date of this dividend was Tuesday, June 30th.

Institutional Trading of Angel Oak Income ETF

Several hedge funds have recently modified their holdings of CARY. Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its holdings in shares of Angel Oak Income ETF by 100.5% in the 2nd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 51,747 shares of the company’s stock worth $1,075,000 after acquiring an additional 25,940 shares in the last quarter. Wealthcare Advisory Partners LLC increased its holdings in Angel Oak Income ETF by 47.1% during the 2nd quarter. Wealthcare Advisory Partners LLC now owns 274,920 shares of the company’s stock valued at $5,713,000 after purchasing an additional 88,039 shares in the last quarter. Vista Investment Partners LLC raised its position in Angel Oak Income ETF by 10.1% in the 2nd quarter. Vista Investment Partners LLC now owns 21,291 shares of the company’s stock valued at $442,000 after purchasing an additional 1,956 shares during the last quarter. Sonoma Allocations LLC raised its position in Angel Oak Income ETF by 42.0% in the 2nd quarter. Sonoma Allocations LLC now owns 154,425 shares of the company’s stock valued at $3,207,000 after purchasing an additional 45,647 shares during the last quarter. Finally, Central Pacific Bank Trust Division acquired a new position in Angel Oak Income ETF in the second quarter worth $2,718,000.

About Angel Oak Income ETF

The Angel Oak Income ETF (CARY) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund that aims for current income by broadly investing in USD-denominated fixed income securities with a tilt towards structured products and residential mortgage. Securities could be of any credit quality or maturity. CARY was launched on Nov 7, 2022 and is issued by Angel Oak.