Angel Oak High Yield Opportunities ETF (NASDAQ:AOHY) Sees Significant Drop in Short Interest

Angel Oak High Yield Opportunities ETF (NASDAQ:AOHY) was the target of a large decrease in short interest in July. As of July 15th, there was short interest totaling 17,589 shares, a decrease of 37.8% from the June 30th total of 28,281 shares. Based on an average daily volume of 43,096 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.2% of the company’s stock are short sold.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new stake in Angel Oak High Yield Opportunities ETF in the 2nd quarter worth about $62,000. Ausdal Financial Partners Inc. bought a new position in shares of Angel Oak High Yield Opportunities ETF in the 3rd quarter valued at $122,000. Kestra Advisory Services LLC acquired a new position in Angel Oak High Yield Opportunities ETF during the fourth quarter worth about $140,000. Royal Bank of Canada lifted its stake in Angel Oak High Yield Opportunities ETF by 588.5% in the 1st quarter. Royal Bank of Canada now owns 12,910 shares of the company’s stock valued at $141,000 after purchasing an additional 11,035 shares during the last quarter. Finally, Worth Asset Management LLC bought a new position in shares of Angel Oak High Yield Opportunities ETF in the 2nd quarter valued at $227,000.

Angel Oak High Yield Opportunities ETF Stock Performance

AOHY stock traded down $0.01 during mid-day trading on Thursday, hitting $11.02. 742 shares of the company were exchanged, compared to its average volume of 56,027. Angel Oak High Yield Opportunities ETF has a 1-year low of $10.86 and a 1-year high of $11.29. The firm’s 50 day simple moving average is $11.05 and its 200 day simple moving average is $11.08. The firm has a market cap of $123.75 million, a P/E ratio of 2.33 and a beta of 0.19.

Angel Oak High Yield Opportunities ETF Increases Dividend

The company also recently declared a dividend, which was paid on Wednesday, July 1st. Shareholders of record on Tuesday, June 30th were paid a $0.0641 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This is a positive change from Angel Oak High Yield Opportunities ETF’s previous dividend of $0.06.

About Angel Oak High Yield Opportunities ETF

The Angel Oak High Yield Opportunities ETF (AOHY) is an exchange-traded fund that mostly invests in high yield fixed income. The fund is an actively managed fund that provides broad exposure to high-yield fixed-income securities, globally. The fund seeks a high level of current income, and to a lesser extent, capital appreciation. AOHY was launched on Feb 20, 2024 and is issued by Angel Oak.