Angel Oak UltraShort Income ETF (NASDAQ:UYLD) Sets New 52-Week Low – Time to Sell?

Angel Oak UltraShort Income ETF (NASDAQ:UYLD) shares reached a new 52-week low on Tuesday . The stock traded as low as $50.98 and last traded at $51.00, with a volume of 10821 shares. The stock had previously closed at $51.19.

Angel Oak UltraShort Income ETF Stock Performance

The business’s 50 day simple moving average is $51.12 and its 200-day simple moving average is $51.18.

Angel Oak UltraShort Income ETF Cuts Dividend

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

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in UYLD. Wealth Enhancement Advisory Services LLC increased its stake in Angel Oak UltraShort Income ETF by 11.6% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 10,912,606 shares of the company’s stock valued at $558,344,000 after acquiring an additional 1,133,106 shares during the last quarter. Osaic Holdings Inc. lifted its stake in Angel Oak UltraShort Income ETF by 61.6% during the fourth quarter. Osaic Holdings Inc. now owns 804,220 shares of the company’s stock worth $41,131,000 after purchasing an additional 306,470 shares during the last quarter. Citadel Advisors LLC boosted its holdings in shares of Angel Oak UltraShort Income ETF by 1,273.9% in the 3rd quarter. Citadel Advisors LLC now owns 300,188 shares of the company’s stock valued at $15,353,000 after purchasing an additional 278,338 shares in the last quarter. First National Bank of Omaha acquired a new stake in shares of Angel Oak UltraShort Income ETF in the 4th quarter valued at $13,248,000. Finally, UBS Group AG increased its stake in shares of Angel Oak UltraShort Income ETF by 48.7% in the 3rd quarter. UBS Group AG now owns 720,006 shares of the company’s stock valued at $36,825,000 after purchasing an additional 235,886 shares during the last quarter.

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.