Angel Oak High Yield Opportunities ETF (NASDAQ:AOHY) Stock Short Interest Report for September

Angel Oak High Yield Opportunities ETF (NASDAQ:AOHY) was the target of a large decline in short interest during the month of September. As of September 30th, there was short interest totaling 61,732 shares, a decline of 35.2% from the September 15th total of 95,222 shares. Based on an average trading volume of 43,662 shares, the days-to-cover ratio is currently 1.4 days. Currently, 0.6% of the shares of the company are sold short.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of AOHY. Royal Bank of Canada lifted its position in shares of Angel Oak High Yield Opportunities ETF by 588.5% during the 1st 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. AlphaStar Capital Management LLC acquired a new stake in Angel Oak High Yield Opportunities ETF during the 3rd quarter valued at $155,000. Worth Asset Management LLC purchased a new stake in shares of Angel Oak High Yield Opportunities ETF in the second quarter valued at $227,000. Avantax Planning Partners Inc. purchased a new stake in shares of Angel Oak High Yield Opportunities ETF in the first quarter valued at $244,000. Finally, Lewis Asset Management LLC acquired a new stake in shares of Angel Oak High Yield Opportunities ETF in the first quarter worth $286,000.

Angel Oak High Yield Opportunities ETF Price Performance

AOHY traded down $0.04 during trading hours on Friday, hitting $10.70. 32,924 shares of the stock were exchanged, compared to its average volume of 58,901. The stock has a market cap of $115.99 million, a price-to-earnings ratio of 2.33 and a beta of 0.20. The stock has a 50-day simple moving average of $10.91 and a 200-day simple moving average of $11.00. Angel Oak High Yield Opportunities ETF has a 12 month low of $10.58 and a 12 month high of $11.27.

Angel Oak High Yield Opportunities ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, October 1st. Stockholders of record on Wednesday, September 30th were given a $0.0628 dividend. This represents a $0.75 dividend on an annualized basis and a dividend yield of 7.0%. The ex-dividend date was Wednesday, September 30th. This is an increase from Angel Oak High Yield Opportunities ETF’s previous monthly dividend of $0.0594.

About Angel Oak High Yield Opportunities ETF

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.