Angel Oak UltraShort Income ETF (NASDAQ:UYLD – Get Free Report) was the target of a significant decline in short interest in July. As of July 31st, there was short interest totaling 32,993 shares, a decline of 54.9% from the July 15th total of 73,149 shares. Based on an average trading volume of 133,511 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the company’s stock are sold short.
Institutional Trading of Angel Oak UltraShort Income ETF
Hedge funds have recently made changes to their positions in the stock. NewEdge Advisors LLC raised its holdings in Angel Oak UltraShort Income ETF by 4.6% in the first quarter. NewEdge Advisors LLC now owns 8,936 shares of the company’s stock valued at $457,000 after acquiring an additional 392 shares in the last quarter. First Trust Advisors LP acquired a new position in Angel Oak UltraShort Income ETF during the 2nd quarter worth $397,000. Jane Street Group LLC acquired a new position in Angel Oak UltraShort Income ETF during the 2nd quarter worth $3,288,000. Snowden Capital Advisors LLC increased its position in shares of Angel Oak UltraShort Income ETF by 7.3% in the 2nd quarter. Snowden Capital Advisors LLC now owns 8,222 shares of the company’s stock worth $420,000 after purchasing an additional 560 shares during the last quarter. Finally, Osaic Holdings Inc. increased its position in shares of Angel Oak UltraShort Income ETF by 4.9% in the 2nd quarter. Osaic Holdings Inc. now owns 16,396 shares of the company’s stock worth $837,000 after purchasing an additional 761 shares during the last quarter.
Angel Oak UltraShort Income ETF Price Performance
Shares of UYLD opened at $51.10 on Monday. Angel Oak UltraShort Income ETF has a one year low of $50.96 and a one year high of $51.46. The stock has a 50-day moving average price of $51.08 and a 200 day moving average price of $51.14.
Angel Oak UltraShort Income ETF Cuts Dividend
About Angel Oak UltraShort Income ETF
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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