Angel Oak UltraShort Income ETF (NASDAQ:UYLD) Short Interest Down 75.5% in August

Angel Oak UltraShort Income ETF (NASDAQ:UYLD) was the recipient of a significant decline in short interest in the month of August. As of August 31st, there was short interest totaling 22,956 shares, a decline of 75.5% from the August 15th total of 93,853 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily volume of 140,779 shares, the short-interest ratio is currently 0.2 days.

Institutional Trading of Angel Oak UltraShort Income ETF

Several institutional investors and hedge funds have recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. bought a new position in Angel Oak UltraShort Income ETF during the 4th quarter worth about $27,000. Royal Bank of Canada increased its position in Angel Oak UltraShort Income ETF by 76.0% during the 4th quarter. Royal Bank of Canada now owns 901 shares of the company’s stock valued at $46,000 after purchasing an additional 389 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of Angel Oak UltraShort Income ETF by 46,300.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,392 shares of the company’s stock valued at $71,000 after purchasing an additional 1,389 shares in the last quarter. NewEdge Advisors LLC raised its holdings in shares of Angel Oak UltraShort Income ETF by 199.2% in the 2nd quarter. NewEdge Advisors LLC now owns 2,115 shares of the company’s stock valued at $108,000 after purchasing an additional 1,408 shares in the last quarter. Finally, Worth Asset Management LLC purchased a new stake in shares of Angel Oak UltraShort Income ETF in the 2nd quarter worth approximately $247,000.

Angel Oak UltraShort Income ETF Price Performance

Shares of NASDAQ:UYLD opened at $50.99 on Friday. The business’s 50 day moving average is $51.07 and its 200 day moving average is $51.11. Angel Oak UltraShort Income ETF has a 52-week low of $50.94 and a 52-week high of $51.46.

Angel Oak UltraShort Income ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Monday, August 31st were given a dividend of $0.1799 per share. The ex-dividend date of this dividend was Monday, August 31st. This represents a c) dividend on an annualized basis and a dividend yield of 4.2%.

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.