Angel Oak UltraShort Income ETF (NASDAQ:UYLD) Sees Large Volume Increase – Here’s What Happened

Angel Oak UltraShort Income ETF (NASDAQ:UYLD) saw unusually-high trading volume on Monday . 10,240,583 shares traded hands during trading, an increase of 5,371% from the previous session’s volume of 187,176 shares.The stock last traded at $50.93 and had previously closed at $50.99.

Angel Oak UltraShort Income ETF Price Performance

The stock’s 50 day simple moving average is $51.07 and its two-hundred day simple moving average is $51.11.

Angel Oak UltraShort Income ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, September 1st. Investors of record on Monday, August 31st were issued a $0.1799 dividend. The ex-dividend date of this dividend was Monday, August 31st. This represents a c) annualized dividend and a yield of 4.2%.

Institutional Trading of Angel Oak UltraShort Income ETF

Institutional investors and hedge funds have recently bought and sold shares of the company. NewEdge Advisors LLC grew its stake in shares of Angel Oak UltraShort Income ETF by 199.2% during the second quarter. NewEdge Advisors LLC now owns 2,115 shares of the company’s stock valued at $108,000 after buying an additional 1,408 shares during the last quarter. XY Planning Network Inc. increased its holdings in shares of Angel Oak UltraShort Income ETF by 7.3% during the second quarter. XY Planning Network Inc. now owns 68,260 shares of the company’s stock valued at $3,482,000 after acquiring an additional 4,634 shares in the last quarter. Concurrent Investment Advisors LLC raised its holdings in Angel Oak UltraShort Income ETF by 48.9% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 117,766 shares of the company’s stock worth $6,007,000 after acquiring an additional 38,654 shares during the last quarter. Mason & Associates Inc raised its position in Angel Oak UltraShort Income ETF by 455.7% in the 2nd quarter. Mason & Associates Inc now owns 268,513 shares of the company’s stock worth $13,696,000 after buying an additional 220,191 shares during the last quarter. Finally, M Holdings Securities Inc. purchased a new stake in Angel Oak UltraShort Income ETF during the 2nd quarter valued at $586,000.

Angel Oak UltraShort Income ETF Company Profile

The Angel Oak UltraShort Income ETF (UYLD) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund actively invests in a broad portfolio of fixed income securities of various credit qualities. Selection is based on fundamental analysis and managed to provide a dollar-weighted average maturity of less than two years UYLD was launched on Oct 24, 2022 and is issued by Angel Oak.