Angel Oak UltraShort Income ETF (NASDAQ:UYLD) Sets New 12-Month Low – Here’s Why

Angel Oak UltraShort Income ETF (NASDAQ:UYLD) reached a new 52-week low during trading on Tuesday . The company traded as low as $50.96 and last traded at $50.97, with a volume of 102060 shares changing hands. The stock had previously closed at $50.98.

Angel Oak UltraShort Income ETF Stock Performance

The company’s 50 day simple moving average is $51.09 and its two-hundred day simple moving average is $51.13.

Angel Oak UltraShort Income ETF Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, September 1st. Investors of record on Monday, August 31st will be given a dividend of $0.1799 per share. The ex-dividend date of this dividend is Monday, August 31st.

Institutional Trading of Angel Oak UltraShort Income ETF

Several institutional investors have recently added to or reduced their stakes in the stock. Transamerica Financial Advisors LLC raised its position in 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 valued at $2,496,000 after purchasing an additional 277 shares during the period. Ieq Capital LLC boosted its position in shares of 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 worth $913,000 after buying an additional 314 shares during the period. Royal Bank of Canada boosted its position in shares of 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 buying an additional 389 shares during the period. NewEdge Advisors LLC grew its stake in shares of Angel Oak UltraShort Income ETF by 4.6% in 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 in the last quarter. Finally, Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Angel Oak UltraShort Income ETF in the fourth quarter valued at $27,000.

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.