Angel Oak Mortgage-Backed Securities ETF (NASDAQ:MBS) Short Interest Up 58.9% in May

Angel Oak Mortgage-Backed Securities ETF (NASDAQ:MBS) saw a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 46,555 shares, an increase of 58.9% from the May 14th total of 29,303 shares. Based on an average trading volume of 62,245 shares, the short-interest ratio is currently 0.7 days. Approximately 0.3% of the company’s shares are short sold.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Royal Bank of Canada bought a new stake in Angel Oak Mortgage-Backed Securities ETF during the 1st quarter valued at $51,000. Quantinno Capital Management LP bought a new stake in Angel Oak Mortgage-Backed Securities ETF in the 1st quarter worth $105,000. First Financial Bankshares Inc bought a new stake in Angel Oak Mortgage-Backed Securities ETF in the 3rd quarter worth $152,000. Envestnet Asset Management Inc. purchased a new position in shares of Angel Oak Mortgage-Backed Securities ETF in the third quarter valued at about $197,000. Finally, Weaver Consulting Group purchased a new position in shares of Angel Oak Mortgage-Backed Securities ETF in the fourth quarter valued at about $271,000.

Angel Oak Mortgage-Backed Securities ETF Trading Up 0.1%

MBS stock traded up $0.01 during trading on Tuesday, hitting $8.65. 27,584 shares of the company traded hands, compared to its average volume of 101,130. The company has a 50-day moving average of $8.66 and a 200-day moving average of $8.73. Angel Oak Mortgage-Backed Securities ETF has a 1 year low of $8.52 and a 1 year high of $9.16.

Angel Oak Mortgage-Backed Securities ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Monday, June 1st. Stockholders of record on Friday, May 29th were paid a dividend of $0.0359 per share. The ex-dividend date of this dividend was Friday, May 29th.

Angel Oak Mortgage-Backed Securities ETF Company Profile

The Angel Oak Mortgage-Backed Securities ETF (MBS) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is actively managed, seekingtotal returns through investments in various US mortgage-backed securities (MBS) of any credit quality and maturity. MBS was launched on Feb 20, 2024 and is issued by Angel Oak.