Angel Oak UltraShort Income ETF (NASDAQ:UYLD) Sees Large Volume Increase – What’s Next?

Angel Oak UltraShort Income ETF (NASDAQ:UYLD – Get Free Report) saw unusually-high trading volume on Wednesday . Approximately 493,282 shares traded hands during trading, an increase of 156% from the previous session’s volume of 192,403 shares.The stock last traded at $51.05 and had previously closed at $51.06.

Angel Oak UltraShort Income ETF Trading Down 0.0%

The business has a fifty day simple moving average of $51.11 and a two-hundred day simple moving average of $51.19.

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Angel Oak UltraShort Income ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Monday, June 1st. Shareholders of record on Friday, May 29th were issued a dividend of $0.1806 per share. The ex-dividend date was Friday, May 29th.

Institutional Trading of Angel Oak UltraShort Income ETF

A number of hedge funds have recently bought and sold shares of the stock. Arkadios Wealth Advisors lifted its holdings in Angel Oak UltraShort Income ETF by 366.8% during the first quarter. Arkadios Wealth Advisors now owns 48,102 shares of the company’s stock worth $2,455,000 after buying an additional 37,797 shares during the period. EverSource Wealth Advisors LLC increased its position in shares of Angel Oak UltraShort Income ETF by 37.8% during 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. Balefire LLC acquired a new position in shares of Angel Oak UltraShort Income ETF during the first quarter worth $748,000. Precision Wealth Strategies LLC increased its position in shares of Angel Oak UltraShort Income ETF by 35.0% during the first quarter. Precision Wealth Strategies LLC now owns 165,111 shares of the company’s stock worth $8,426,000 after purchasing an additional 42,784 shares in the last quarter. Finally, Independent Financial Group LLC acquired a new position in shares of Angel Oak UltraShort Income ETF during the first quarter worth $7,413,000.

About Angel Oak UltraShort Income ETF

(Get Free Report)

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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