Angel Oak Income ETF (NASDAQ:CARY) Short Interest Up 76.6% in April

Angel Oak Income ETF (NASDAQ:CARY) saw a significant increase in short interest during the month of April. As of April 30th, there was short interest totaling 178,913 shares, an increase of 76.6% from the April 15th total of 101,284 shares. Based on an average trading volume of 559,492 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.3% of the shares of the stock are sold short.

Institutional Investors Weigh In On Angel Oak Income ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Sonoma Allocations LLC grew its position in shares of Angel Oak Income ETF by 41.8% in the first quarter. Sonoma Allocations LLC now owns 108,778 shares of the company’s stock valued at $2,263,000 after purchasing an additional 32,061 shares during the period. Bank of America Corp DE grew its position in shares of Angel Oak Income ETF by 103,779.5% in the first quarter. Bank of America Corp DE now owns 4,951,934 shares of the company’s stock valued at $102,862,000 after purchasing an additional 4,947,167 shares during the period. Arkadios Wealth Advisors grew its position in shares of Angel Oak Income ETF by 13.7% in the first quarter. Arkadios Wealth Advisors now owns 3,562,484 shares of the company’s stock valued at $74,003,000 after purchasing an additional 428,745 shares during the period. Excelsior Advisor Network LLC grew its position in shares of Angel Oak Income ETF by 228.0% in the first quarter. Excelsior Advisor Network LLC now owns 63,300 shares of the company’s stock valued at $1,315,000 after purchasing an additional 44,000 shares during the period. Finally, Everest Financial Group LLC purchased a new stake in shares of Angel Oak Income ETF in the first quarter valued at $255,000.

Angel Oak Income ETF Price Performance

NASDAQ CARY opened at $20.70 on Wednesday. Angel Oak Income ETF has a fifty-two week low of $20.51 and a fifty-two week high of $21.55. The business has a fifty day moving average of $20.85 and a 200-day moving average of $20.91.

Angel Oak Income ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, May 1st. Stockholders of record on Thursday, April 30th were given a $0.0934 dividend. The ex-dividend date of this dividend was Thursday, April 30th.

Angel Oak Income ETF Company Profile

The Angel Oak Income ETF (CARY) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund that aims for current income by broadly investing in USD-denominated fixed income securities with a tilt towards structured products and residential mortgage. Securities could be of any credit quality or maturity. CARY was launched on Nov 7, 2022 and is issued by Angel Oak.