Angel Oak UltraShort Income ETF (NASDAQ:UYLD) Sees Large Volume Increase – Here’s What Happened

Angel Oak UltraShort Income ETF (NASDAQ:UYLD) shares saw an uptick in trading volume on Wednesday . 147,182 shares were traded during trading, a decline of 24% from the previous session’s volume of 193,281 shares.The stock last traded at $50.99 and had previously closed at $51.01.

Angel Oak UltraShort Income ETF Stock Up 0.0%

The firm’s 50 day simple moving average is $51.12 and its two-hundred day simple moving average is $51.18.

Angel Oak UltraShort Income ETF Increases Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Tuesday, June 30th will be issued a $0.1998 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This is a boost from Angel Oak UltraShort Income ETF’s previous dividend of $0.18.

Institutional Trading of Angel Oak UltraShort Income ETF

Institutional investors have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Angel Oak UltraShort Income ETF during the 4th quarter worth $27,000. MAI Capital Management bought a new stake in Angel Oak UltraShort Income ETF during the third quarter worth about $28,000. Royal Bank of Canada lifted its position in Angel Oak UltraShort Income ETF by 76.0% during the fourth quarter. Royal Bank of Canada now owns 901 shares of the company’s stock worth $46,000 after purchasing an additional 389 shares during the period. JPMorgan Chase & Co. grew its stake in Angel Oak UltraShort Income ETF by 46,300.0% during the third quarter. JPMorgan Chase & Co. now owns 1,392 shares of the company’s stock worth $71,000 after buying an additional 1,389 shares in the last quarter. Finally, Rockefeller Capital Management L.P. grew its stake in Angel Oak UltraShort Income ETF by 30.3% during the fourth quarter. Rockefeller Capital Management L.P. now owns 5,058 shares of the company’s stock worth $259,000 after buying an additional 1,176 shares in the last quarter.

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.