Angel Oak Income ETF (NASDAQ:CARY) Stock Short Interest Declines 89.7%

Angel Oak Income ETF (NASDAQ:CARY) was the recipient of a large decline in short interest in September. As of September 15th, there was short interest totaling 27,070 shares, a decline of 89.7% from the August 31st total of 262,781 shares. Based on an average daily trading volume, of 525,336 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are sold short.

Hedge Funds Weigh In On Angel Oak Income ETF

Several large investors have recently made changes to their positions in the business. Hantz Financial Services Inc. purchased a new stake in shares of Angel Oak Income ETF in the 4th quarter worth approximately $30,000. Everest Financial Group LLC purchased a new position in Angel Oak Income ETF during the first quarter valued at $255,000. Ameritas Advisory Services LLC bought a new stake in Angel Oak Income ETF in the second quarter worth $288,000. Fifth Third Bancorp bought a new stake in Angel Oak Income ETF in the first quarter worth $429,000. Finally, Vista Investment Partners LLC boosted its holdings in Angel Oak Income ETF by 10.1% in the second quarter. Vista Investment Partners LLC now owns 21,291 shares of the company’s stock worth $442,000 after acquiring an additional 1,956 shares in the last quarter.

Angel Oak Income ETF Trading Down 0.3%

Shares of Angel Oak Income ETF stock opened at $20.30 on Friday. The company has a 50-day moving average of $20.63 and a 200 day moving average of $20.75. Angel Oak Income ETF has a 1 year low of $20.27 and a 1 year high of $21.55.

Angel Oak Income ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Monday, August 31st were issued a $0.0931 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 5.5%. This is a drop from Angel Oak Income ETF’s previous monthly dividend of $0.1001. The ex-dividend date was Monday, August 31st.

About Angel Oak Income ETF

The Angel Oak Income ETF (CARY) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund that aims for current income by broadly investing in USD-denominated fixed income securities with a tilt towards structured products and residential mortgage. Securities could be of any credit quality or maturity. CARY was launched on Nov 7, 2022 and is issued by Angel Oak.