Short Interest in Angel Oak Mortgage-Backed Securities ETF (NASDAQ:MBS) Drops By 26.2%

Angel Oak Mortgage-Backed Securities ETF (NASDAQ:MBS) saw a large decline in short interest in the month of February. As of February 13th, there was short interest totaling 32,191 shares, a decline of 26.2% from the January 29th total of 43,616 shares. Currently, 0.2% of the company’s shares are short sold. Based on an average daily volume of 73,939 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily volume of 73,939 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.2% of the company’s shares are short sold.

Angel Oak Mortgage-Backed Securities ETF Stock Performance

Shares of MBS traded down $0.01 during trading hours on Wednesday, hitting $8.83. The stock had a trading volume of 19,479 shares, compared to its average volume of 138,083. Angel Oak Mortgage-Backed Securities ETF has a 1-year low of $8.46 and a 1-year high of $9.16. The firm has a 50 day simple moving average of $8.79 and a 200-day simple moving average of $8.76.

Angel Oak Mortgage-Backed Securities ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Monday, March 2nd. Shareholders of record on Friday, February 27th were paid a $0.0311 dividend. The ex-dividend date was Friday, February 27th. This represents a c) annualized dividend and a yield of 4.2%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. First Financial Bankshares Inc bought a new stake in Angel Oak Mortgage-Backed Securities ETF in the third quarter worth $152,000. Envestnet Asset Management Inc. purchased a new position in shares of Angel Oak Mortgage-Backed Securities ETF in the third quarter worth about $197,000. Weaver Consulting Group purchased a new position in shares of Angel Oak Mortgage-Backed Securities ETF in the fourth quarter worth about $271,000. Benjamin Edwards Inc. lifted its stake in shares of Angel Oak Mortgage-Backed Securities ETF by 12.8% in the 2nd quarter. Benjamin Edwards Inc. now owns 63,102 shares of the company’s stock valued at $545,000 after acquiring an additional 7,177 shares during the last quarter. Finally, Embree Financial Group purchased a new stake in Angel Oak Mortgage-Backed Securities ETF during the 3rd quarter valued at about $657,000.

About Angel Oak Mortgage-Backed Securities ETF

The Angel Oak Mortgage-Backed Securities ETF (MBS) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is actively managed, seekingtotal returns through investments in various US mortgage-backed securities (MBS) of any credit quality and maturity. MBS was launched on Feb 20, 2024 and is issued by Angel Oak.