Angel Oak UltraShort Income ETF (NASDAQ:UYLD) Sees Significant Growth in Short Interest

Angel Oak UltraShort Income ETF (NASDAQ:UYLD) saw a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 54,644 shares, an increase of 138.0% from the August 31st total of 22,956 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average trading volume of 1,399,921 shares, the days-to-cover ratio is currently 0.0 days.

Angel Oak UltraShort Income ETF Trading Up 0.0%

Shares of UYLD stock opened at $50.92 on Friday. The business’s 50 day simple moving average is $51.04 and its 200 day simple moving average is $51.09. Angel Oak UltraShort Income ETF has a one year low of $50.89 and a one year high of $51.41.

Angel Oak UltraShort Income ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Monday, August 31st were given a $0.1799 dividend. This is a decrease from Angel Oak UltraShort Income ETF’s previous monthly dividend of $0.1939. The ex-dividend date was Monday, August 31st. This represents a $2.16 dividend on an annualized basis and a dividend yield of 4.2%.

Institutional Investors Weigh In On Angel Oak UltraShort Income ETF

Several large investors have recently modified their holdings of the company. Greenwich Wealth Management LLC raised its stake in Angel Oak UltraShort Income ETF by 66.3% during the fourth quarter. Greenwich Wealth Management LLC now owns 364,035 shares of the company’s stock worth $18,618,000 after buying an additional 145,086 shares during the last quarter. Crescent Grove Advisors LLC raised its position in shares of Angel Oak UltraShort Income ETF by 12.1% in the 4th quarter. Crescent Grove Advisors LLC now owns 348,678 shares of the company’s stock worth $17,916,000 after acquiring an additional 37,755 shares in the last quarter. IFC Advisors LLC lifted its stake in shares of Angel Oak UltraShort Income ETF by 39.4% in the 1st quarter. IFC Advisors LLC now owns 313,913 shares of the company’s stock valued at $16,021,000 after purchasing an additional 88,758 shares during the period. Heritage Trust Co lifted its stake in shares of Angel Oak UltraShort Income ETF by 30.8% in the 4th quarter. Heritage Trust Co now owns 284,433 shares of the company’s stock valued at $14,547,000 after purchasing an additional 67,034 shares during the period. Finally, Janney Montgomery Scott LLC boosted its position in shares of Angel Oak UltraShort Income ETF by 1.3% during the 1st quarter. Janney Montgomery Scott LLC now owns 273,164 shares of the company’s stock valued at $13,941,000 after purchasing an additional 3,539 shares in the last quarter.

About Angel Oak UltraShort Income ETF

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.