Angel Oak UltraShort Income ETF (NASDAQ:UYLD) Short Interest Down 29.2% in January

Angel Oak UltraShort Income ETF (NASDAQ:UYLD) was the recipient of a significant decrease in short interest in the month of January. As of January 15th, there was short interest totaling 40,567 shares, a decrease 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. Currently, 0.2% of the company’s shares are short sold. Currently, 0.2% of the company’s shares are short sold. Based on an average daily trading volume, of 156,683 shares, the days-to-cover ratio is presently 0.3 days.

Hedge Funds Weigh In On Angel Oak UltraShort Income ETF

A number of hedge funds have recently made changes to their positions in the stock. MAI Capital Management acquired a new stake in shares of Angel Oak UltraShort Income ETF during the 3rd quarter worth $28,000. JPMorgan Chase & Co. grew its position 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 valued at $71,000 after acquiring an additional 1,389 shares during the period. Wealthcare Advisory Partners LLC acquired a new stake in Angel Oak UltraShort Income ETF during the third quarter worth about $230,000. A4 Wealth Advisors LLC purchased a new position in shares of Angel Oak UltraShort Income ETF in the 3rd quarter worth about $240,000. Finally, Foundations Investment Advisors LLC purchased a new position in shares of Angel Oak UltraShort Income ETF in the 3rd quarter worth about $245,000.

Angel Oak UltraShort Income ETF Stock Performance

UYLD opened at $51.17 on Monday. Angel Oak UltraShort Income ETF has a 12 month low of $50.74 and a 12 month high of $51.46. The business has a 50-day moving average of $51.23 and a two-hundred day moving average of $51.23.

Angel Oak UltraShort Income ETF Cuts Dividend

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

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.