Angel Oak Mortgage-Backed Securities ETF (NASDAQ:MBS – Get Free Report) saw a large decline in short interest in the month of October. As of October 15th, there was short interest totaling 21,376 shares, a decline of 87.9% from the September 30th total of 176,610 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 118,528 shares, the days-to-cover ratio is currently 0.2 days.
Angel Oak Mortgage-Backed Securities ETF Trading Up 0.1%
Shares of NASDAQ MBS traded up $0.01 on Tuesday, reaching $8.31. 74,022 shares of the company traded hands, compared to its average volume of 126,174. Angel Oak Mortgage-Backed Securities ETF has a fifty-two week low of $8.13 and a fifty-two week high of $9.16. The company has a 50 day moving average of $8.36 and a 200 day moving average of $8.61.
Angel Oak Mortgage-Backed Securities ETF’s stock is going to reverse split on the morning of Monday, November 16th. The 1-7 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Sunday, November 15th.
Angel Oak Mortgage-Backed Securities ETF Increases Dividend
The business also recently announced a monthly dividend, which was paid on Thursday, October 1st. Investors of record on Wednesday, September 30th were issued a $0.0382 dividend. The ex-dividend date was Wednesday, September 30th. This is a positive change from Angel Oak Mortgage-Backed Securities ETF’s previous monthly dividend of $0.0341. This represents a $0.46 dividend on an annualized basis and a yield of 5.5%.
Hedge Funds Weigh In On Angel Oak Mortgage-Backed Securities ETF
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Royal Bank of Canada purchased a new position in Angel Oak Mortgage-Backed Securities ETF during the first quarter worth approximately $51,000. RFG Advisory LLC increased its holdings in shares of Angel Oak Mortgage-Backed Securities ETF by 5.0% during the 1st quarter. RFG Advisory LLC now owns 135,472 shares of the company’s stock worth $1,173,000 after buying an additional 6,393 shares during the last quarter. NewEdge Advisors LLC raised its position in shares of Angel Oak Mortgage-Backed Securities ETF by 1.0% in the 1st quarter. NewEdge Advisors LLC now owns 776,865 shares of the company’s stock worth $6,728,000 after buying an additional 7,586 shares during the period. Quantinno Capital Management LP purchased a new position in shares of Angel Oak Mortgage-Backed Securities ETF in the 1st quarter worth $105,000. Finally, Onyx Bridge Wealth Group LLC purchased a new stake in Angel Oak Mortgage-Backed Securities ETF during the third quarter valued at about $590,000.
Angel Oak Mortgage-Backed Securities ETF Company Profile
The Angel Oak Mortgage-Backed Securities ETF (MBS) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is actively managed, seekingtotal returns through investments in various US mortgage-backed securities (MBS) of any credit quality and maturity. MBS was launched on Feb 20, 2024 and is issued by Angel Oak.
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