Angel Oak UltraShort Income ETF (NASDAQ:UYLD) Short Interest Down 54.9% in July

Angel Oak UltraShort Income ETF (NASDAQ:UYLD) was the recipient of a significant decrease in short interest in July. As of July 31st, there was short interest totaling 32,993 shares, a decrease of 54.9% from the July 15th total of 73,149 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 133,511 shares, the short-interest ratio is currently 0.2 days.

Angel Oak UltraShort Income ETF Stock Performance

Shares of NASDAQ:UYLD opened at $51.10 on Friday. The company has a 50-day moving average price of $51.08 and a 200 day moving average price of $51.14. Angel Oak UltraShort Income ETF has a 52 week low of $50.96 and a 52 week high of $51.46.

Angel Oak UltraShort Income ETF Cuts Dividend

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

Institutional Investors Weigh In On Angel Oak UltraShort Income ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of UYLD. Osaic Holdings Inc. grew its stake in shares of Angel Oak UltraShort Income ETF by 61.6% during the 4th quarter. Osaic Holdings Inc. now owns 804,220 shares of the company’s stock worth $41,131,000 after purchasing an additional 306,470 shares during the period. Citadel Advisors LLC grew its position in Angel Oak UltraShort Income ETF by 1,273.9% during the third quarter. Citadel Advisors LLC now owns 300,188 shares of the company’s stock worth $15,353,000 after buying an additional 278,338 shares during the period. First National Bank of Omaha acquired a new position in Angel Oak UltraShort Income ETF during the fourth quarter worth about $13,248,000. UBS Group AG increased its holdings in Angel Oak UltraShort Income ETF by 48.7% in the third quarter. UBS Group AG now owns 720,006 shares of the company’s stock valued at $36,825,000 after buying an additional 235,886 shares in the last quarter. Finally, Kestra Advisory Services LLC lifted its position in shares of Angel Oak UltraShort Income ETF by 833.8% during the 1st quarter. Kestra Advisory Services LLC now owns 169,902 shares of the company’s stock valued at $8,671,000 after acquiring an additional 151,708 shares during the period.

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.