Angel Oak UltraShort Income ETF (NASDAQ:UYLD) Sets New 52-Week Low – Time to Sell?

Angel Oak UltraShort Income ETF (NASDAQ:UYLD) reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $50.98 and last traded at $51.00, with a volume of 10821 shares changing hands. The stock had previously closed at $51.19.

Angel Oak UltraShort Income ETF Trading Down 0.3%

The stock’s 50-day simple moving average is $51.12 and its 200-day simple moving average is $51.18.

Angel Oak UltraShort Income ETF Cuts Dividend

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

Hedge Funds Weigh In On Angel Oak UltraShort Income ETF

A number of hedge funds have recently added to or reduced their stakes in UYLD. Northwestern Mutual Wealth Management Co. acquired a new position in Angel Oak UltraShort Income ETF in the 4th quarter valued at $27,000. MAI Capital Management acquired a new stake in shares of Angel Oak UltraShort Income ETF during the 3rd quarter worth $28,000. Royal Bank of Canada grew its holdings in shares of Angel Oak UltraShort Income ETF by 76.0% during the 4th quarter. Royal Bank of Canada now owns 901 shares of the company’s stock worth $46,000 after purchasing an additional 389 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Angel Oak UltraShort Income ETF by 46,300.0% in the third quarter. JPMorgan Chase & Co. now owns 1,392 shares of the company’s stock worth $71,000 after purchasing an additional 1,389 shares during the period. Finally, Rockefeller Capital Management L.P. increased its position in shares of Angel Oak UltraShort Income ETF by 30.3% in the fourth quarter. Rockefeller Capital Management L.P. now owns 5,058 shares of the company’s stock worth $259,000 after purchasing an additional 1,176 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.