Shares of Angel Oak High Yield Opportunities ETF (NASDAQ:AOHY – Free Report) are scheduled to reverse split on the morning of Monday, November 16th. The 1-5 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 High Yield Opportunities ETF Price Performance
NASDAQ AOHY opened at $10.73 on Thursday. The stock has a market capitalization of $119.53 million, a PE ratio of 2.33 and a beta of 0.20. Angel Oak High Yield Opportunities ETF has a 1 year low of $10.58 and a 1 year high of $11.25. The business’s 50-day moving average is $10.80 and its 200 day moving average is $11.00.
Angel Oak High Yield Opportunities ETF Increases Dividend
The firm also recently declared a monthly dividend, which was paid on Monday, November 2nd. Shareholders of record on Friday, October 30th were given a dividend of $0.0637 per share. This represents a $0.76 dividend on an annualized basis and a yield of 7.1%. The ex-dividend date of this dividend was Friday, October 30th. This is a positive change from Angel Oak High Yield Opportunities ETF’s previous monthly dividend of $0.0628.
Institutional Investors Weigh In On Angel Oak High Yield Opportunities ETF
Large investors have recently made changes to their positions in the business. Royal Bank of Canada raised its holdings in shares of Angel Oak High Yield Opportunities ETF by 588.5% during the first quarter. Royal Bank of Canada now owns 12,910 shares of the company’s stock valued at $141,000 after acquiring an additional 11,035 shares in the last quarter. AlphaStar Capital Management LLC bought a new stake in Angel Oak High Yield Opportunities ETF in the third quarter valued at $155,000. Avantax Planning Partners Inc. bought a new stake in Angel Oak High Yield Opportunities ETF in the third quarter valued at $193,000. Worth Asset Management LLC bought a new stake in Angel Oak High Yield Opportunities ETF in the second quarter valued at $227,000. Finally, StoneX Group Inc. purchased a new position in Angel Oak High Yield Opportunities ETF during the 3rd quarter valued at $243,000.
About Angel Oak High Yield Opportunities ETF
The Angel Oak High Yield Opportunities ETF (AOHY) is an exchange-traded fund that mostly invests in high yield fixed income. The fund is an actively managed fund that provides broad exposure to high-yield fixed-income securities, globally. The fund seeks a high level of current income, and to a lesser extent, capital appreciation. AOHY was launched on Feb 20, 2024 and is issued by Angel Oak.
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