Angel Oak UltraShort Income ETF (NASDAQ:UYLD) Sees Large Drop in Short Interest

Angel Oak UltraShort Income ETF (NASDAQ:UYLD) was the target of a large decline in short interest in the month of December. As of December 15th, there was short interest totaling 51,646 shares, a decline of 63.0% from the November 30th total of 139,419 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 134,156 shares, the short-interest ratio is presently 0.4 days. Based on an average daily trading volume, of 134,156 shares, the short-interest ratio is presently 0.4 days. Currently, 0.2% of the shares of the company are short sold.

Angel Oak UltraShort Income ETF Price Performance

Angel Oak UltraShort Income ETF stock opened at $51.31 on Friday. The company’s 50-day moving average price is $51.23 and its two-hundred day moving average price is $51.21. Angel Oak UltraShort Income ETF has a twelve month low of $50.74 and a twelve month high of $51.46.

Angel Oak UltraShort Income ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Monday, December 1st. Investors of record on Friday, November 28th were issued a dividend of $0.1756 per share. This represents a c) annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend was Friday, November 28th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. MAI Capital Management acquired a new stake in shares of Angel Oak UltraShort Income ETF during the third quarter worth $28,000. JPMorgan Chase & Co. grew its stake in shares of Angel Oak UltraShort Income ETF by 46,300.0% in the third quarter. JPMorgan Chase & Co. now owns 1,392 shares of the company’s stock valued at $71,000 after acquiring an additional 1,389 shares in the last quarter. Wealthcare Advisory Partners LLC bought a new position in Angel Oak UltraShort Income ETF during the third quarter worth about $230,000. A4 Wealth Advisors LLC acquired a new stake in Angel Oak UltraShort Income ETF in the 3rd quarter worth about $240,000. Finally, Foundations Investment Advisors LLC acquired a new stake in Angel Oak UltraShort Income ETF in the 3rd quarter worth about $245,000.

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.