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

Angel Oak Income ETF (NASDAQ:CARY) was the target of a large increase in short interest during the month of April. As of April 30th, there was short interest totaling 178,913 shares, an increase of 76.6% from the April 15th total of 101,284 shares. Based on an average daily volume of 559,492 shares, the short-interest ratio is currently 0.3 days. Currently, 0.3% of the company’s shares are short sold.

Angel Oak Income ETF Stock Down 0.0%

Shares of Angel Oak Income ETF stock opened at $20.74 on Tuesday. Angel Oak Income ETF has a 52 week low of $20.51 and a 52 week high of $21.55. The business’s fifty day simple moving average is $20.86 and its 200-day simple moving average is $20.92.

Angel Oak Income ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, May 1st. Stockholders of record on Thursday, April 30th were paid a $0.0934 dividend. The ex-dividend date of this dividend was Thursday, April 30th.

Hedge Funds Weigh In On Angel Oak Income ETF

Hedge funds have recently bought and sold shares of the company. Arkadios Wealth Advisors lifted its stake in Angel Oak Income ETF by 26.9% during the 3rd quarter. Arkadios Wealth Advisors now owns 2,906,625 shares of the company’s stock worth $60,778,000 after acquiring an additional 615,443 shares in the last quarter. Wealthcare Advisory Partners LLC lifted its stake in Angel Oak Income ETF by 1,125.8% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 173,579 shares of the company’s stock worth $3,615,000 after acquiring an additional 159,418 shares in the last quarter. MBL Wealth LLC lifted its stake in Angel Oak Income ETF by 6.5% during the 4th quarter. MBL Wealth LLC now owns 520,038 shares of the company’s stock worth $10,830,000 after acquiring an additional 31,933 shares in the last quarter. Truist Financial Corp acquired a new position in Angel Oak Income ETF during the 3rd quarter worth about $1,982,000. Finally, Channel Wealth LLC lifted its stake in Angel Oak Income ETF by 6.6% during the 4th quarter. Channel Wealth LLC now owns 1,152,894 shares of the company’s stock worth $24,010,000 after acquiring an additional 71,751 shares in the last quarter.

Angel Oak Income ETF Company Profile

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.