Angel Oak UltraShort Income ETF (NASDAQ:UYLD) Short Interest Up 184.5% in August

Angel Oak UltraShort Income ETF (NASDAQ:UYLD) was the recipient of a significant increase in short interest in August. As of August 14th, there was short interest totaling 93,853 shares, an increase of 184.5% from the July 30th total of 32,993 shares. Based on an average daily trading volume, of 204,565 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.3% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Angel Oak UltraShort Income ETF in the fourth quarter worth $27,000. Royal Bank of Canada grew its position in Angel Oak UltraShort Income ETF by 76.0% during the fourth quarter. Royal Bank of Canada now owns 901 shares of the company’s stock worth $46,000 after buying an additional 389 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Angel Oak UltraShort Income ETF by 46,300.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,392 shares of the company’s stock worth $71,000 after acquiring an additional 1,389 shares during the last quarter. Worth Asset Management LLC bought a new position in Angel Oak UltraShort Income ETF in the 2nd quarter worth about $247,000. Finally, Rockefeller Capital Management L.P. raised its holdings in shares of Angel Oak UltraShort Income ETF by 30.3% in the 4th quarter. Rockefeller Capital Management L.P. now owns 5,058 shares of the company’s stock valued at $259,000 after acquiring an additional 1,176 shares in the last quarter.

Angel Oak UltraShort Income ETF Stock Performance

UYLD stock opened at $51.13 on Friday. The firm has a 50 day moving average of $51.09 and a 200-day moving average of $51.13. Angel Oak UltraShort Income ETF has a 12 month low of $50.96 and a 12 month high of $51.46.

Angel Oak UltraShort Income ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Monday, August 3rd. Shareholders of record on Friday, July 31st were issued a $0.1939 dividend. The ex-dividend date of this dividend was Friday, July 31st.

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.