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

Angel Oak High Yield Opportunities ETF (NASDAQ:AOHY) saw a large drop in short interest in May. As of May 15th, there was short interest totaling 9,584 shares, a drop of 80.9% from the April 30th total of 50,212 shares. Based on an average daily volume of 48,550 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the shares of the company are sold short.

Angel Oak High Yield Opportunities ETF Stock Performance

Shares of NASDAQ:AOHY traded down $0.04 during trading on Friday, hitting $11.07. 37,637 shares of the stock were exchanged, compared to its average volume of 62,037. Angel Oak High Yield Opportunities ETF has a 1-year low of $10.86 and a 1-year high of $11.29. The company has a market capitalization of $120.77 million, a price-to-earnings ratio of 2.33 and a beta of 0.19. The company’s fifty day simple moving average is $11.04 and its 200-day simple moving average is $11.10.

Angel Oak High Yield Opportunities ETF Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Monday, June 1st. Stockholders of record on Friday, May 29th will be issued a dividend of $0.0581 per share. The ex-dividend date of this dividend is Friday, May 29th.

Institutional Trading of Angel Oak High Yield Opportunities ETF

Several institutional investors have recently modified their holdings of AOHY. Jane Street Group LLC grew its holdings in shares of Angel Oak High Yield Opportunities ETF by 79.7% during the 1st quarter. Jane Street Group LLC now owns 85,907 shares of the company’s stock worth $942,000 after purchasing an additional 38,090 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Angel Oak High Yield Opportunities ETF during the 2nd quarter worth approximately $62,000. PFG Investments LLC lifted its position in shares of Angel Oak High Yield Opportunities ETF by 10.2% during the 3rd quarter. PFG Investments LLC now owns 36,913 shares of the company’s stock worth $413,000 after buying an additional 3,416 shares during the period. AE Wealth Management LLC lifted its position in shares of Angel Oak High Yield Opportunities ETF by 657.4% during the 3rd quarter. AE Wealth Management LLC now owns 10,353 shares of the company’s stock worth $116,000 after buying an additional 8,986 shares during the period. Finally, Envestnet Asset Management Inc. lifted its position in shares of Angel Oak High Yield Opportunities ETF by 17.7% during the 3rd quarter. Envestnet Asset Management Inc. now owns 312,145 shares of the company’s stock worth $3,496,000 after buying an additional 46,971 shares during the period.

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.