Angel Oak UltraShort Income ETF (NASDAQ:UYLD – Get Free Report) was the recipient of a significant increase in short interest in October. As of October 15th, there was short interest totaling 78,748 shares, an increase of 7,252.8% from the September 30th total of 1,071 shares. Approximately 0.3% of the shares of the stock are short sold. Based on an average daily volume of 243,810 shares, the short-interest ratio is presently 0.3 days.
Institutional Investors Weigh In On Angel Oak UltraShort Income ETF
Institutional investors and hedge funds have recently modified their holdings of the business. NewEdge Advisors LLC raised its stake 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 valued at $108,000 after acquiring an additional 1,408 shares in the last quarter. Worth Asset Management LLC bought a new position in Angel Oak UltraShort Income ETF in the second quarter worth approximately $247,000. Rockefeller Capital Management L.P. grew its stake in Angel Oak UltraShort Income ETF by 30.3% in the fourth 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 in the last quarter. EverSource Wealth Advisors LLC grew its stake in Angel Oak UltraShort Income ETF by 37.8% in the first quarter. EverSource Wealth Advisors LLC now owns 10,333 shares of the company’s stock worth $527,000 after purchasing an additional 2,834 shares in the last quarter. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its holdings in Angel Oak UltraShort Income ETF by 68.4% during the 2nd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 10,711 shares of the company’s stock worth $546,000 after purchasing an additional 4,352 shares during the period.
Angel Oak UltraShort Income ETF Stock Performance
UYLD stock opened at $50.98 on Wednesday. Angel Oak UltraShort Income ETF has a 52 week low of $50.69 and a 52 week high of $51.40. The company has a fifty day simple moving average of $50.96 and a two-hundred day simple moving average of $51.10.
Angel Oak UltraShort Income ETF Increases Dividend
The company also recently disclosed a monthly dividend, which was paid on Thursday, October 1st. Investors of record on Wednesday, September 30th were given a $0.2304 dividend. This is an increase from Angel Oak UltraShort Income ETF’s previous monthly dividend of $0.1799. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $2.77 dividend on an annualized basis and a yield of 5.4%.
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.
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