Angel Oak UltraShort Income ETF (NASDAQ:UYLD) Shares Shorted: Short Interest Up 138.0% in September

Angel Oak UltraShort Income ETF (NASDAQ:UYLD) was the recipient of a significant growth in short interest in September. As of September 15th, there was short interest totaling 54,644 shares, a growth of 138.0% from the August 31st total of 22,956 shares. Based on an average daily volume of 1,399,921 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.2% of the company’s shares are sold short.

Hedge Funds Weigh In On Angel Oak UltraShort Income ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. NewEdge Advisors LLC lifted its holdings in shares of Angel Oak UltraShort Income ETF by 199.2% during the second quarter. NewEdge Advisors LLC now owns 2,115 shares of the company’s stock worth $108,000 after purchasing an additional 1,408 shares during the period. Worth Asset Management LLC bought a new position in Angel Oak UltraShort Income ETF during the 2nd quarter worth $247,000. Rockefeller Capital Management L.P. raised its position in Angel Oak UltraShort Income ETF by 30.3% during the 4th quarter. Rockefeller Capital Management L.P. now owns 5,058 shares of the company’s stock worth $259,000 after purchasing an additional 1,176 shares during the last quarter. Redwood Family Wealth LLC acquired a new position in Angel Oak UltraShort Income ETF during the 4th quarter worth about $295,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in Angel Oak UltraShort Income ETF by 37.8% during the 1st quarter. EverSource Wealth Advisors LLC now owns 10,333 shares of the company’s stock worth $527,000 after buying an additional 2,834 shares during the period.

Angel Oak UltraShort Income ETF Stock Performance

NASDAQ:UYLD opened at $50.92 on Friday. The stock’s 50-day moving average is $51.04 and its 200-day moving average is $51.09. Angel Oak UltraShort Income ETF has a 1-year low of $50.89 and a 1-year high of $51.41.

Angel Oak UltraShort Income ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Monday, August 31st were issued a dividend of $0.1799 per share. This represents a $2.16 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date of this dividend was Monday, August 31st. This is a negative change from Angel Oak UltraShort Income ETF’s previous monthly dividend of $0.1939.

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.