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

Angel Oak Income ETF (NASDAQ:CARY) saw a large growth in short interest during the month of June. As of June 30th, there was short interest totaling 218,074 shares, a growth of 171.2% from the June 15th total of 80,408 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average daily volume of 293,070 shares, the short-interest ratio is currently 0.7 days.

Institutional Investors Weigh In On Angel Oak Income ETF

A number of institutional investors have recently made changes to their positions in the company. Truist Financial Corp increased its stake in shares of Angel Oak Income ETF by 0.6% in the fourth quarter. Truist Financial Corp now owns 95,399 shares of the company’s stock valued at $1,987,000 after purchasing an additional 588 shares during the period. J. Team Financial Inc. boosted its position in shares of Angel Oak Income ETF by 0.9% during the fourth quarter. J. Team Financial Inc. now owns 94,104 shares of the company’s stock worth $1,960,000 after buying an additional 845 shares during the period. Comerica Bank boosted its position in shares of Angel Oak Income ETF by 10.4% during the fourth quarter. Comerica Bank now owns 10,193 shares of the company’s stock worth $212,000 after buying an additional 958 shares during the period. Hantz Financial Services Inc. bought a new position in Angel Oak Income ETF in the 4th quarter worth approximately $30,000. Finally, Bank of America Corp DE bought a new position in Angel Oak Income ETF in the 2nd quarter worth approximately $38,000.

Angel Oak Income ETF Stock Performance

Shares of CARY stock traded up $0.04 during trading hours on Wednesday, hitting $20.78. 162,771 shares of the company were exchanged, compared to its average volume of 403,130. Angel Oak Income ETF has a one year low of $20.62 and a one year high of $21.55. The business’s 50-day simple moving average is $20.79 and its two-hundred day simple moving average is $20.87.

Angel Oak Income ETF Increases Dividend

The company also recently announced a dividend, which was paid on Wednesday, July 1st. Shareholders of record on Tuesday, June 30th were issued a dividend of $0.1004 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This is a boost from Angel Oak Income ETF’s previous dividend of $0.09.

About Angel Oak Income ETF

The Angel Oak Income ETF (CARY) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund that aims for current income by broadly investing in USD-denominated fixed income securities with a tilt towards structured products and residential mortgage. Securities could be of any credit quality or maturity. CARY was launched on Nov 7, 2022 and is issued by Angel Oak.