Angel Oak UltraShort Income ETF (NASDAQ:UYLD) Sees Strong Trading Volume – Here’s Why

Angel Oak UltraShort Income ETF (NASDAQ:UYLD) saw unusually-high trading volume on Wednesday . Approximately 493,282 shares traded hands during trading, an increase of 156% from the previous session’s volume of 192,403 shares.The stock last traded at $51.05 and had previously closed at $51.06.

Angel Oak UltraShort Income ETF Price Performance

The business’s fifty day simple moving average is $51.11 and its 200-day simple moving average is $51.19.

Angel Oak UltraShort Income ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Monday, June 1st. Investors of record on Friday, May 29th were issued a dividend of $0.1806 per share. The ex-dividend date was Friday, May 29th.

Hedge Funds Weigh In On Angel Oak UltraShort Income ETF

Several hedge funds have recently made changes to their positions in the business. Arkadios Wealth Advisors raised its holdings in shares of Angel Oak UltraShort Income ETF by 366.8% during the first quarter. Arkadios Wealth Advisors now owns 48,102 shares of the company’s stock valued at $2,455,000 after acquiring an additional 37,797 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Angel Oak UltraShort Income ETF by 37.8% in the 1st quarter. EverSource Wealth Advisors LLC now owns 10,333 shares of the company’s stock worth $527,000 after purchasing an additional 2,834 shares during the period. Balefire LLC purchased a new stake in shares of Angel Oak UltraShort Income ETF in the 1st quarter worth about $748,000. Precision Wealth Strategies LLC boosted its stake in shares of Angel Oak UltraShort Income ETF by 35.0% during the 1st quarter. Precision Wealth Strategies LLC now owns 165,111 shares of the company’s stock valued at $8,426,000 after purchasing an additional 42,784 shares in the last quarter. Finally, Independent Financial Group LLC bought a new stake in Angel Oak UltraShort Income ETF during the 1st quarter valued at approximately $7,413,000.

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.