Angel Oak High Yield Opportunities ETF (NASDAQ:AOHY) Shares Shorted: Short Interest Down 73.7% in October

Angel Oak High Yield Opportunities ETF (NASDAQ:AOHY) saw a large decline in short interest in the month of October. As of October 30th, there was short interest totaling 8,270 shares, a decline of 73.7% from the October 15th total of 31,501 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 64,869 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Arkadios Wealth Advisors raised its position in shares of Angel Oak High Yield Opportunities ETF by 12.3% in the first quarter. Arkadios Wealth Advisors now owns 3,857,687 shares of the company’s stock worth $42,165,000 after buying an additional 422,647 shares in the last quarter. NewEdge Wealth LLC increased its stake in Angel Oak High Yield Opportunities ETF by 8.2% in the 1st quarter. NewEdge Wealth LLC now owns 374,657 shares of the company’s stock worth $4,095,000 after acquiring an additional 28,499 shares during the last quarter. Breakwater Capital Group increased its stake in Angel Oak High Yield Opportunities ETF by 119.6% in the 3rd quarter. Breakwater Capital Group now owns 246,528 shares of the company’s stock worth $2,630,000 after acquiring an additional 134,274 shares during the last quarter. IFP Advisors Inc increased its stake in Angel Oak High Yield Opportunities ETF by 5.5% in the 3rd quarter. IFP Advisors Inc now owns 68,979 shares of the company’s stock worth $736,000 after acquiring an additional 3,618 shares during the last quarter. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new stake in Angel Oak High Yield Opportunities ETF in the second quarter valued at approximately $476,000.

Angel Oak High Yield Opportunities ETF Stock Performance

AOHY stock opened at $10.73 on Thursday. The company has a market capitalization of $119.53 million, a price-to-earnings ratio of 2.33 and a beta of 0.20. The stock has a fifty day moving average of $10.80 and a 200-day moving average of $11.00. Angel Oak High Yield Opportunities ETF has a fifty-two week low of $10.58 and a fifty-two week high of $11.25.

Angel Oak High Yield Opportunities ETF’s stock is scheduled to reverse split before the market opens on Monday, November 16th. The 1-5 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Sunday, November 15th.

Angel Oak High Yield Opportunities ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, November 2nd. Investors of record on Friday, October 30th were issued a dividend of $0.0637 per share. This is a positive change from Angel Oak High Yield Opportunities ETF’s previous monthly dividend of $0.0628. The ex-dividend date of this dividend was Friday, October 30th. This represents a $0.76 dividend on an annualized basis and a yield of 7.1%.

About Angel Oak High Yield Opportunities ETF

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.