Angel Oak High Yield Opportunities ETF (NASDAQ:AOHY) Sees Significant Drop in Short Interest

Angel Oak High Yield Opportunities ETF (NASDAQ:AOHY) was the target of a large decrease in short interest during the month of July. As of July 15th, there was short interest totaling 17,589 shares, a decrease of 37.8% from the June 30th total of 28,281 shares. Based on an average daily trading volume, of 43,096 shares, the short-interest ratio is presently 0.4 days. Approximately 0.2% of the shares of the company are short sold.

Angel Oak High Yield Opportunities ETF Stock Performance

Shares of AOHY traded down $0.07 during midday trading on Friday, hitting $10.95. 6,975 shares of the stock traded hands, compared to its average volume of 55,833. Angel Oak High Yield Opportunities ETF has a 1-year low of $10.86 and a 1-year high of $11.29. The firm has a market capitalization of $122.97 million, a PE ratio of 2.33 and a beta of 0.19. The business’s 50 day moving average price is $11.05 and its two-hundred day moving average price is $11.08.

Angel Oak High Yield Opportunities ETF Increases Dividend

The company also recently announced a dividend, which was paid on Wednesday, July 1st. Stockholders of record on Tuesday, June 30th were paid a $0.0641 dividend. The ex-dividend date was Tuesday, June 30th. This is a boost from Angel Oak High Yield Opportunities ETF’s previous dividend of $0.06.

Hedge Funds Weigh In On Angel Oak High Yield Opportunities ETF

Several large investors have recently bought and sold shares of AOHY. Raymond James Financial Inc. bought a new stake in shares of Angel Oak High Yield Opportunities ETF in the 2nd quarter valued at $62,000. Ausdal Financial Partners Inc. acquired a new stake in shares of Angel Oak High Yield Opportunities ETF in the third quarter valued at approximately $122,000. Kestra Advisory Services LLC acquired a new stake in Angel Oak High Yield Opportunities ETF in the 4th quarter valued at $140,000. Royal Bank of Canada increased its position in shares of 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 during the last quarter. Finally, Worth Asset Management LLC acquired a new position in shares of Angel Oak High Yield Opportunities ETF during the 2nd quarter worth approximately $227,000.

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.