Angel Oak High Yield Opportunities ETF (NASDAQ:AOHY) Shares Shorted: Short Interest Down 73.7% in October

Angel Oak High Yield Opportunities ETF (NASDAQ:AOHY) saw a large decline in short interest during the month of October. As of October 30th, there was short interest totaling 8,270 shares, a decline of 73.7% from the October 15th total of 31,501 shares. Based on an average trading volume of 64,869 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the shares of the stock are short sold.

Institutional Trading of Angel Oak High Yield Opportunities ETF

Several hedge funds have recently added to or reduced their stakes in the business. HighTower Advisors LLC bought a new stake in shares of Angel Oak High Yield Opportunities ETF in the 3rd quarter valued at about $339,000. Avantax Planning Partners Inc. purchased a new stake in Angel Oak High Yield Opportunities ETF in the 3rd quarter worth approximately $193,000. StoneX Group Inc. purchased a new stake in Angel Oak High Yield Opportunities ETF in the 3rd quarter worth approximately $243,000. Vise Technologies Inc. lifted its holdings in Angel Oak High Yield Opportunities ETF by 307.4% in the 3rd quarter. Vise Technologies Inc. now owns 41,857 shares of the company’s stock worth $447,000 after buying an additional 31,584 shares during the period. Finally, Fifth Third Securities Inc. bought a new stake in shares of Angel Oak High Yield Opportunities ETF in the 3rd quarter worth approximately $343,000.

Angel Oak High Yield Opportunities ETF Stock Performance

Shares of NASDAQ:AOHY opened at $10.73 on Thursday. Angel Oak High Yield Opportunities ETF has a 52-week low of $10.58 and a 52-week high of $11.25. The firm has a fifty day moving average of $10.80 and a 200 day moving average of $11.00. The firm has a market capitalization of $119.53 million, a PE ratio of 2.33 and a beta of 0.20.

Shares of Angel Oak High Yield Opportunities ETF are scheduled to reverse split on Monday, November 16th. The 1-5 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Sunday, November 15th.

Angel Oak High Yield Opportunities ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, November 2nd. Investors of record on Friday, October 30th were issued a dividend of $0.0637 per share. The ex-dividend date of this dividend was Friday, October 30th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 7.1%. This is a positive change from Angel Oak High Yield Opportunities ETF’s previous monthly dividend of $0.0628.

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.