Angel Oak UltraShort Income ETF (NASDAQ:UYLD) Stock Short Interest Drops 98.0%

Angel Oak UltraShort Income ETF (NASDAQ:UYLD – Get Free Report) was the recipient of a large decline in short interest in September. As of September 30th, there was short interest totaling 1,071 shares, a decline of 98.0% from the September 15th total of 54,644 shares. Based on an average daily volume of 199,259 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are short sold.

Angel Oak UltraShort Income ETF Stock Performance

Angel Oak UltraShort Income ETF stock opened at $50.88 on Friday. Angel Oak UltraShort Income ETF has a twelve month low of $50.69 and a twelve month high of $51.40. The stock’s 50 day moving average is $50.99 and its 200 day moving average is $51.07.

Angel Oak UltraShort Income ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, October 1st. Investors of record on Wednesday, September 30th were given a dividend of $0.2304 per share. This represents a $2.77 annualized dividend and a dividend yield of 5.4%. This is an increase from Angel Oak UltraShort Income ETF’s previous monthly dividend of $0.1799. The ex-dividend date of this dividend was Wednesday, September 30th.

Hedge Funds Weigh In On Angel Oak UltraShort Income ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. First National Bank of Omaha bought a new stake in Angel Oak UltraShort Income ETF in the 4th quarter worth about $13,248,000. Mason & Associates Inc raised its position in Angel Oak UltraShort Income ETF by 455.7% in the 2nd quarter. Mason & Associates Inc now owns 268,513 shares of the company’s stock worth $13,696,000 after buying an additional 220,191 shares during the last quarter. IFC Advisors LLC lifted its stake in Angel Oak UltraShort Income ETF by 39.4% during the 1st quarter. IFC Advisors LLC now owns 313,913 shares of the company’s stock valued at $16,021,000 after acquiring an additional 88,758 shares during the period. Precision Wealth Strategies LLC lifted its stake in Angel Oak UltraShort Income ETF by 35.0% during the 1st quarter. Precision Wealth Strategies LLC now owns 165,111 shares of the company’s stock valued at $8,426,000 after acquiring an additional 42,784 shares during the period. Finally, Kestra Advisory Services LLC boosted its holdings in shares of Angel Oak UltraShort Income ETF by 833.8% during the 1st quarter. Kestra Advisory Services LLC now owns 169,902 shares of the company’s stock valued at $8,671,000 after acquiring an additional 151,708 shares during the last quarter.

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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