Angel Oak High Yield Opportunities ETF (NASDAQ:AOHY) Short Interest Up 75.8% in August

Angel Oak High Yield Opportunities ETF (NASDAQ:AOHY) was the recipient of a large increase in short interest in August. As of August 31st, there was short interest totaling 130,079 shares, an increase of 75.8% from the August 15th total of 73,992 shares. Based on an average daily trading volume, of 53,370 shares, the days-to-cover ratio is currently 2.4 days. Currently, 1.2% of the shares of the stock are short sold.

Angel Oak High Yield Opportunities ETF Stock Performance

Angel Oak High Yield Opportunities ETF stock opened at $10.95 on Friday. Angel Oak High Yield Opportunities ETF has a fifty-two week low of $10.85 and a fifty-two week high of $11.29. The company has a market capitalization of $1.20 trillion, a price-to-earnings ratio of 2.33 and a beta of 0.19. The stock has a fifty day moving average of $11.02 and a two-hundred day moving average of $11.04.

Angel Oak High Yield Opportunities ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, September 1st. Investors of record on Monday, August 31st were paid a $0.0594 dividend. The ex-dividend date of this dividend was Monday, August 31st. This represents a c) annualized dividend and a yield of 6.5%.

Hedge Funds Weigh In On Angel Oak High Yield Opportunities ETF

Institutional investors have recently modified their holdings of the company. Breakwater Capital Group acquired a new stake in shares of Angel Oak High Yield Opportunities ETF during the second quarter worth $1,235,000. Arkadios Wealth Advisors lifted its holdings in shares of Angel Oak High Yield Opportunities ETF by 12.3% during the 1st quarter. Arkadios Wealth Advisors now owns 3,857,687 shares of the company’s stock worth $42,165,000 after acquiring an additional 422,647 shares during the period. UBS Group AG boosted its position in shares of Angel Oak High Yield Opportunities ETF by 24.9% in the fourth quarter. UBS Group AG now owns 423,291 shares of the company’s stock worth $4,699,000 after acquiring an additional 84,347 shares during the last quarter. IFP Advisors Inc boosted its position in shares of Angel Oak High Yield Opportunities ETF by 21.3% in the second quarter. IFP Advisors Inc now owns 65,361 shares of the company’s stock worth $719,000 after acquiring an additional 11,499 shares during the last quarter. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new stake in Angel Oak High Yield Opportunities ETF in the second quarter valued at approximately $476,000.

Angel Oak High Yield Opportunities ETF Company Profile

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.