Angel Oak UltraShort Income ETF (NASDAQ:UYLD – Get Free Report) was the target of a significant increase in short interest in May. As of May 29th, there was short interest totaling 80,367 shares, an increase of 134.7% from the May 14th total of 34,248 shares. Approximately 0.3% of the company’s stock are sold short. Based on an average trading volume of 189,732 shares, the short-interest ratio is presently 0.4 days.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the stock. Envestnet Asset Management Inc. purchased a new stake in Angel Oak UltraShort Income ETF during the 3rd quarter worth about $1,006,000. NorthCrest Asset Manangement LLC lifted its holdings in Angel Oak UltraShort Income ETF by 38.0% during the 4th quarter. NorthCrest Asset Manangement LLC now owns 90,318 shares of the company’s stock worth $4,620,000 after buying an additional 24,887 shares during the last quarter. Sage Mountain Advisors LLC lifted its holdings in Angel Oak UltraShort Income ETF by 15.7% during the 4th quarter. Sage Mountain Advisors LLC now owns 126,372 shares of the company’s stock worth $6,463,000 after buying an additional 17,193 shares during the last quarter. Islay Capital Management LLC lifted its holdings in Angel Oak UltraShort Income ETF by 85.2% during the 3rd quarter. Islay Capital Management LLC now owns 144,271 shares of the company’s stock worth $7,379,000 after buying an additional 66,382 shares during the last quarter. Finally, Midland Wealth Advisors LLC lifted its holdings in Angel Oak UltraShort Income ETF by 21.8% during the 3rd quarter. Midland Wealth Advisors LLC now owns 189,103 shares of the company’s stock worth $9,672,000 after buying an additional 33,859 shares during the last quarter.
Angel Oak UltraShort Income ETF Trading Up 0.0%
UYLD traded up $0.02 on Friday, hitting $51.10. 262,780 shares of the company were exchanged, compared to its average volume of 197,161. Angel Oak UltraShort Income ETF has a twelve month low of $50.99 and a twelve month high of $51.46. The firm has a 50-day moving average price of $51.11 and a two-hundred day moving average price of $51.18.
Angel Oak UltraShort Income ETF Cuts Dividend
Angel Oak UltraShort Income ETF Company Profile
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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