Angel Oak Income ETF (NASDAQ:CARY) Shares Shorted: Short Interest Up 274.9% in September

Angel Oak Income ETF (NASDAQ:CARY – Get Free Report) was the target of a large increase in short interest in September. As of September 30th, there was short interest totaling 101,489 shares, an increase of 274.9% from the September 15th total of 27,070 shares. Based on an average daily volume of 487,155 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Everest Financial Group LLC acquired a new stake in Angel Oak Income ETF in the first quarter valued at $255,000. Ameritas Advisory Services LLC acquired a new position in Angel Oak Income ETF during the 2nd quarter worth about $288,000. First Heartland Consultants Inc. acquired a new position in Angel Oak Income ETF during the 3rd quarter worth about $320,000. Fifth Third Bancorp acquired a new position in Angel Oak Income ETF during the 1st quarter worth about $429,000. Finally, Vista Investment Partners LLC lifted its holdings in Angel Oak Income ETF by 10.1% during the 2nd quarter. Vista Investment Partners LLC now owns 21,291 shares of the company’s stock worth $442,000 after buying an additional 1,956 shares during the period.

Angel Oak Income ETF Stock Performance

Angel Oak Income ETF stock opened at $20.17 on Tuesday. Angel Oak Income ETF has a 12 month low of $20.07 and a 12 month high of $21.55. The stock has a 50-day moving average price of $20.50 and a two-hundred day moving average price of $20.69.

Angel Oak Income ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, October 1st. Stockholders of record on Wednesday, September 30th were paid a $0.1025 dividend. This is an increase from Angel Oak Income ETF’s previous monthly dividend of $0.0931. This represents a $1.23 annualized dividend and a dividend yield of 6.1%. The ex-dividend date of this dividend was Wednesday, September 30th.

Angel Oak Income ETF Company Profile

(Get Free Report)

The Angel Oak Income ETF (CARY) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund that aims for current income by broadly investing in USD-denominated fixed income securities with a tilt towards structured products and residential mortgage. Securities could be of any credit quality or maturity. CARY was launched on Nov 7, 2022 and is issued by Angel Oak.

Further Reading

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