Short Interest in Angel Oak High Yield Opportunities ETF (NASDAQ:AOHY) Expands By 280.9%

Angel Oak High Yield Opportunities ETF (NASDAQ:AOHY) was the target of a large growth in short interest during the month of May. As of May 29th, there was short interest totaling 36,503 shares, a growth of 280.9% from the May 14th total of 9,584 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average trading volume of 36,103 shares, the short-interest ratio is currently 1.0 days.

Angel Oak High Yield Opportunities ETF Trading Up 0.2%

Shares of AOHY stock traded up $0.02 during trading hours on Friday, hitting $11.06. The company’s stock had a trading volume of 21,639 shares, compared to its average volume of 60,346. The company has a 50 day moving average of $11.06 and a 200 day moving average of $11.10. The stock has a market cap of $120.66 million, a PE ratio of 2.33 and a beta of 0.19. Angel Oak High Yield Opportunities ETF has a 12-month low of $10.86 and a 12-month high of $11.29.

Angel Oak High Yield Opportunities ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Monday, June 1st. Stockholders of record on Friday, May 29th were issued a $0.0581 dividend. The ex-dividend date of this dividend was Friday, May 29th.

Institutional Trading of Angel Oak High Yield Opportunities ETF

Several large investors have recently made changes to their positions in AOHY. Raymond James Financial Inc. acquired a new position in shares of Angel Oak High Yield Opportunities ETF in the 2nd quarter valued at $62,000. Ausdal Financial Partners Inc. acquired a new position in shares of Angel Oak High Yield Opportunities ETF in the 3rd quarter valued at $122,000. Kestra Advisory Services LLC acquired a new position in shares of Angel Oak High Yield Opportunities ETF in the 4th quarter valued at $140,000. Royal Bank of Canada lifted its stake in shares of Angel Oak High Yield Opportunities ETF by 588.5% in the 1st quarter. Royal Bank of Canada now owns 12,910 shares of the company’s stock valued at $141,000 after purchasing an additional 11,035 shares during the period. Finally, Avantax Planning Partners Inc. acquired a new position in shares of Angel Oak High Yield Opportunities ETF in the 1st quarter valued at $244,000.

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.