Short Interest in Angel Oak High Yield Opportunities ETF (NASDAQ:AOHY) Grows By 434.4%

Angel Oak High Yield Opportunities ETF (NASDAQ:AOHY) was the target of a significant increase in short interest during the month of August. As of August 14th, there was short interest totaling 73,992 shares, an increase of 434.4% from the July 30th total of 13,846 shares. Currently, 0.7% of the company’s shares are sold short. Based on an average trading volume of 137,899 shares, the short-interest ratio is presently 0.5 days.

Hedge Funds Weigh In On Angel Oak High Yield Opportunities ETF

Several large investors have recently bought and sold shares of AOHY. Ausdal Financial Partners Inc. boosted its holdings in Angel Oak High Yield Opportunities ETF by 10.7% during the fourth quarter. Ausdal Financial Partners Inc. now owns 12,103 shares of the company’s stock worth $134,000 after buying an additional 1,168 shares during the last quarter. IFP Advisors Inc increased its stake in shares of Angel Oak High Yield Opportunities ETF by 5.1% in the 4th quarter. IFP Advisors Inc now owns 43,011 shares of the company’s stock valued at $477,000 after acquiring an additional 2,073 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Angel Oak High Yield Opportunities ETF in the 2nd quarter valued at about $62,000. Royal Bank of Canada raised its position in shares of 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 acquiring an additional 11,035 shares during the period. Finally, Kestra Advisory Services LLC acquired a new stake in shares of Angel Oak High Yield Opportunities ETF in the 4th quarter valued at approximately $140,000.

Angel Oak High Yield Opportunities ETF Price Performance

NASDAQ:AOHY remained flat at $11.10 on Thursday. The company’s stock had a trading volume of 41,661 shares, compared to its average volume of 60,585. The firm has a market capitalization of $125.21 million, a PE ratio of 2.33 and a beta of 0.19. Angel Oak High Yield Opportunities ETF has a 12-month low of $10.86 and a 12-month high of $11.29. The business has a 50 day moving average of $11.04 and a 200-day moving average of $11.06.

Angel Oak High Yield Opportunities ETF Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, August 3rd. Stockholders of record on Friday, July 31st were given a dividend of $0.0624 per share. The ex-dividend date was Friday, July 31st. This represents a c) annualized dividend and a dividend yield of 6.7%.

Angel Oak High Yield Opportunities ETF Company Profile

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.