Angel Oak Income ETF (NASDAQ:CARY) Stock Short Interest Report for September

Angel Oak Income ETF (NASDAQ:CARY) was the target of a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 101,489 shares, a growth of 274.9% from the September 15th total of 27,070 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily volume of 487,155 shares, the days-to-cover ratio is presently 0.2 days.

Angel Oak Income ETF Stock Performance

Shares of NASDAQ CARY remained flat at $20.17 during midday trading on Friday. 329,295 shares of the stock were exchanged, compared to its average volume of 419,990. Angel Oak Income ETF has a 1 year low of $20.07 and a 1 year high of $21.55. The firm has a fifty day simple moving average of $20.51 and a 200 day simple moving average of $20.70.

Angel Oak Income ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, October 1st. Shareholders of record on Wednesday, September 30th were given a dividend of $0.1025 per share. This represents a $1.23 dividend on an annualized basis and a yield of 6.1%. This is an increase from Angel Oak Income ETF’s previous monthly dividend of $0.0931. The ex-dividend date of this dividend was Wednesday, September 30th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in CARY. Everest Financial Group LLC bought a new stake in shares of Angel Oak Income ETF during the 1st quarter valued at about $255,000. Ameritas Advisory Services LLC bought a new stake in Angel Oak Income ETF in the second quarter worth approximately $288,000. First Heartland Consultants Inc. bought a new stake in Angel Oak Income ETF in the third quarter worth approximately $320,000. Fifth Third Bancorp bought a new stake in Angel Oak Income ETF in the first quarter worth approximately $429,000. Finally, Vista Investment Partners LLC lifted its stake in Angel Oak Income ETF by 10.1% in the second quarter. Vista Investment Partners LLC now owns 21,291 shares of the company’s stock valued at $442,000 after buying an additional 1,956 shares during the period.

About Angel Oak Income ETF

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.