Angel Oak UltraShort Income ETF (NASDAQ:UYLD) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of Angel Oak UltraShort Income ETF (NASDAQ:UYLD) saw unusually-high trading volume on Wednesday . Approximately 147,182 shares were traded during mid-day trading, a decline of 24% from the previous session’s volume of 193,281 shares.The stock last traded at $50.99 and had previously closed at $51.01.

Angel Oak UltraShort Income ETF Price Performance

The business’s 50-day moving average price is $51.12 and its 200 day moving average price is $51.18.

Angel Oak UltraShort Income ETF Increases Dividend

The firm also recently declared a dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Tuesday, June 30th will be issued a dividend of $0.1998 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This is a positive change from Angel Oak UltraShort Income ETF’s previous dividend of $0.18.

Hedge Funds Weigh In On Angel Oak UltraShort Income ETF

Several institutional investors and hedge funds have recently modified their holdings of UYLD. Envestnet Asset Management Inc. acquired a new stake in Angel Oak UltraShort Income ETF during the third quarter worth approximately $1,006,000. NorthCrest Asset Manangement LLC boosted its holdings in shares of Angel Oak UltraShort Income ETF by 38.0% during the fourth quarter. NorthCrest Asset Manangement LLC now owns 90,318 shares of the company’s stock worth $4,620,000 after acquiring an additional 24,887 shares during the period. Sage Mountain Advisors LLC grew its position in shares of Angel Oak UltraShort Income ETF by 15.7% in the fourth quarter. Sage Mountain Advisors LLC now owns 126,372 shares of the company’s stock valued at $6,463,000 after purchasing an additional 17,193 shares during the last quarter. Islay Capital Management LLC grew its position in shares of Angel Oak UltraShort Income ETF by 85.2% in the third quarter. Islay Capital Management LLC now owns 144,271 shares of the company’s stock valued at $7,379,000 after purchasing an additional 66,382 shares during the last quarter. Finally, Commonwealth Equity Services LLC increased its stake in shares of Angel Oak UltraShort Income ETF by 42.0% during the fourth quarter. Commonwealth Equity Services LLC now owns 134,205 shares of the company’s stock worth $6,864,000 after purchasing an additional 39,679 shares during the period.

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.