Angel Oak High Yield Opportunities ETF (NASDAQ:AOHY) Stock Short Interest Drops 73.7%

Angel Oak High Yield Opportunities ETF (NASDAQ:AOHY) was the target of a significant drop in short interest in October. As of October 30th, there was short interest totaling 8,270 shares, a drop of 73.7% from the October 15th total of 31,501 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average trading volume of 64,869 shares, the short-interest ratio is presently 0.1 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Arkadios Wealth Advisors boosted its holdings in shares of Angel Oak High Yield Opportunities ETF by 12.3% during the first 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. Angel Oak Capital Advisors LLC bought a new stake in shares of Angel Oak High Yield Opportunities ETF during the 3rd quarter valued at about $6,306,000. NewEdge Wealth LLC increased its position in shares of Angel Oak High Yield Opportunities ETF by 8.2% during the first quarter. NewEdge Wealth LLC now owns 374,657 shares of the company’s stock valued at $4,095,000 after buying an additional 28,499 shares during the period. Breakwater Capital Group lifted its stake in shares of Angel Oak High Yield Opportunities ETF by 119.6% in the third quarter. Breakwater Capital Group now owns 246,528 shares of the company’s stock worth $2,630,000 after buying an additional 134,274 shares in the last quarter. Finally, IFP Advisors Inc grew its position in Angel Oak High Yield Opportunities ETF by 5.5% in the 3rd quarter. IFP Advisors Inc now owns 68,979 shares of the company’s stock worth $736,000 after purchasing an additional 3,618 shares during the period.

Angel Oak High Yield Opportunities ETF Stock Performance

Angel Oak High Yield Opportunities ETF stock remained flat at $10.69 during mid-day trading on Friday. 12,018 shares of the company’s stock traded hands, compared to its average volume of 58,623. The business has a fifty day moving average price of $10.80 and a 200 day moving average price of $11.00. The firm has a market capitalization of $119.09 million, a PE ratio of 2.33 and a beta of 0.20. Angel Oak High Yield Opportunities ETF has a 52-week low of $10.58 and a 52-week high of $11.25.

Angel Oak High Yield Opportunities ETF shares are scheduled to reverse split on the morning of Monday, November 16th. The 1-5 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Sunday, November 15th.

Angel Oak High Yield Opportunities ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, November 2nd. Investors of record on Friday, October 30th were given a $0.0637 dividend. The ex-dividend date was Friday, October 30th. This is a positive change from Angel Oak High Yield Opportunities ETF’s previous monthly dividend of $0.0628. This represents a $0.76 dividend on an annualized basis and a yield of 7.2%.

About Angel Oak High Yield Opportunities ETF

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.