Angel Oak UltraShort Income ETF (NASDAQ:UYLD) Reaches New 12-Month Low – Time to Sell?

Angel Oak UltraShort Income ETF (NASDAQ:UYLD)’s stock price reached a new 52-week low during trading on Thursday . The stock traded as low as $50.96 and last traded at $51.02, with a volume of 9229 shares. The stock had previously closed at $51.02.

Angel Oak UltraShort Income ETF Price Performance

The stock’s fifty day simple moving average is $51.08 and its two-hundred day simple moving average is $51.15.

Angel Oak UltraShort Income ETF Cuts Dividend

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

Hedge Funds Weigh In On Angel Oak UltraShort Income ETF

A number of institutional investors and hedge funds have recently modified their holdings of UYLD. Transamerica Financial Advisors LLC boosted its holdings in shares of Angel Oak UltraShort Income ETF by 0.6% in the fourth quarter. Transamerica Financial Advisors LLC now owns 48,809 shares of the company’s stock worth $2,496,000 after buying an additional 277 shares during the last quarter. Ieq Capital LLC grew its position in Angel Oak UltraShort Income ETF by 1.8% during the fourth quarter. Ieq Capital LLC now owns 17,850 shares of the company’s stock valued at $913,000 after buying an additional 314 shares during the period. Royal Bank of Canada increased its holdings 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 valued at $46,000 after buying an additional 389 shares during the last quarter. NewEdge Advisors LLC increased its holdings in Angel Oak UltraShort Income ETF by 4.6% during the first quarter. NewEdge Advisors LLC now owns 8,936 shares of the company’s stock valued at $457,000 after buying an additional 392 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. bought a new position in Angel Oak UltraShort Income ETF in the fourth quarter worth approximately $27,000.

Angel Oak UltraShort Income ETF Company Profile

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.