Angel Oak UltraShort Income ETF (NASDAQ:UYLD) Sets New 12-Month Low – What’s Next?

Angel Oak UltraShort Income ETF (NASDAQ:UYLD)’s share price hit a new 52-week low on Tuesday. The company traded as low as $50.61 and last traded at $50.8640, with a volume of 400 shares. The stock had previously closed at $50.85.

Angel Oak UltraShort Income ETF Price Performance

The company has a 50 day moving average of $50.93 and a 200 day moving average of $51.09.

Angel Oak UltraShort Income ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, November 2nd. Stockholders of record on Friday, October 30th were paid a dividend of $0.1882 per share. The ex-dividend date of this dividend was Friday, October 30th. This represents a $2.26 annualized dividend and a dividend yield of 4.4%. This is a drop from Angel Oak UltraShort Income ETF’s previous monthly dividend of $0.2304.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Mason & Associates Inc raised its position in shares of Angel Oak UltraShort Income ETF by 455.7% during the 2nd quarter. Mason & Associates Inc now owns 268,513 shares of the company’s stock worth $13,696,000 after buying an additional 220,191 shares in the last quarter. Onyx Bridge Wealth Group LLC acquired a new stake in shares of Angel Oak UltraShort Income ETF in the 3rd quarter worth approximately $1,682,000. IFC Advisors LLC lifted its stake in shares of Angel Oak UltraShort Income ETF by 39.4% in the 1st quarter. IFC Advisors LLC now owns 313,913 shares of the company’s stock worth $16,021,000 after acquiring an additional 88,758 shares during the period. Precision Wealth Strategies LLC boosted its holdings in shares of Angel Oak UltraShort Income ETF by 35.0% in the first quarter. Precision Wealth Strategies LLC now owns 165,111 shares of the company’s stock valued at $8,426,000 after acquiring an additional 42,784 shares in the last quarter. Finally, Kestra Advisory Services LLC boosted its holdings in shares of Angel Oak UltraShort Income ETF by 833.8% in the first quarter. Kestra Advisory Services LLC now owns 169,902 shares of the company’s stock valued at $8,671,000 after acquiring an additional 151,708 shares in the last quarter.

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.