Angel Oak UltraShort Income ETF (NASDAQ:UYLD) Sees Strong Trading Volume – Should You Buy?

Angel Oak UltraShort Income ETF (NASDAQ:UYLD) saw unusually-high trading volume on Monday . Approximately 10,240,583 shares were traded during trading, an increase of 5,371% from the previous session’s volume of 187,176 shares.The stock last traded at $50.93 and had previously closed at $50.99.

Angel Oak UltraShort Income ETF Price Performance

The firm has a 50-day moving average of $51.06 and a 200-day moving average of $51.11.

Angel Oak UltraShort Income ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Monday, August 31st were issued a dividend of $0.1799 per share. This represents a c) annualized dividend and a dividend yield of 4.2%. The ex-dividend date of this dividend was Monday, August 31st.

Hedge Funds Weigh In On Angel Oak UltraShort Income ETF

A number of institutional investors and hedge funds have recently made changes to their positions in UYLD. Commonwealth Equity Services LLC raised its holdings in Angel Oak UltraShort Income ETF by 42.0% in the 4th quarter. Commonwealth Equity Services LLC now owns 134,205 shares of the company’s stock worth $6,864,000 after purchasing an additional 39,679 shares during the period. Crescent Grove Advisors LLC boosted its stake in Angel Oak UltraShort Income ETF by 12.1% during the fourth quarter. Crescent Grove Advisors LLC now owns 348,678 shares of the company’s stock valued at $17,916,000 after buying an additional 37,755 shares during the last quarter. First National Bank of Omaha purchased a new stake in Angel Oak UltraShort Income ETF during the fourth quarter valued at $13,248,000. Steel Grove Capital Advisors LLC increased its stake in Angel Oak UltraShort Income ETF by 68.7% during the fourth quarter. Steel Grove Capital Advisors LLC now owns 273,318 shares of the company’s stock worth $13,979,000 after acquiring an additional 111,348 shares during the last quarter. Finally, Vise Technologies Inc. boosted its stake in Angel Oak UltraShort Income ETF by 127.3% during the fourth quarter. Vise Technologies Inc. now owns 85,821 shares of the company’s stock worth $4,389,000 after buying an additional 48,058 shares during the period.

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.