Angel Oak UltraShort Income ETF (NASDAQ:UYLD) Sees Strong Trading Volume – Time to Buy?

Angel Oak UltraShort Income ETF (NASDAQ:UYLD) shares saw unusually-strong trading volume on Wednesday . Approximately 599,916 shares traded hands during trading, an increase of 222% from the previous session’s volume of 186,097 shares.The stock last traded at $50.99 and had previously closed at $50.97.

Angel Oak UltraShort Income ETF Trading Up 0.1%

The stock’s 50-day moving average price is $51.08 and its 200-day moving average price is $51.13.

Angel Oak UltraShort Income ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, September 1st. Investors of record on Monday, August 31st were paid a dividend of $0.1799 per share. This represents a c) dividend on an annualized basis and a yield of 4.2%. The ex-dividend date of this dividend was Monday, August 31st.

Institutional Investors Weigh In On Angel Oak UltraShort Income ETF

Hedge funds have recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Angel Oak UltraShort Income ETF during the fourth quarter worth approximately $27,000. Royal Bank of Canada grew its position in Angel Oak UltraShort Income ETF by 76.0% in the 4th quarter. Royal Bank of Canada now owns 901 shares of the company’s stock valued at $46,000 after purchasing an additional 389 shares during the period. JPMorgan Chase & Co. grew its position in Angel Oak UltraShort Income ETF by 46,300.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,392 shares of the company’s stock valued at $71,000 after purchasing an additional 1,389 shares during the period. Worth Asset Management LLC bought a new stake in Angel Oak UltraShort Income ETF during the 2nd quarter valued at $247,000. Finally, Rockefeller Capital Management L.P. increased its stake in Angel Oak UltraShort Income ETF by 30.3% during the 4th quarter. Rockefeller Capital Management L.P. now owns 5,058 shares of the company’s stock valued at $259,000 after purchasing an additional 1,176 shares in the last quarter.

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.