Angel Oak UltraShort Income ETF (NASDAQ:UYLD) Sets New 1-Year Low – What’s Next?

Angel Oak UltraShort Income ETF (NASDAQ:UYLD)’s share price reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $50.96 and last traded at $50.97, with a volume of 102060 shares traded. The stock had previously closed at $50.98.

Angel Oak UltraShort Income ETF Stock Performance

The business’s 50 day simple moving average is $51.09 and its 200 day simple moving average is $51.13.

Angel Oak UltraShort Income ETF Cuts Dividend

The company also recently declared a dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Monday, August 31st will be issued a dividend of $0.1799 per share. The ex-dividend date is Monday, August 31st.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in UYLD. Commonwealth Equity Services LLC increased its stake in Angel Oak UltraShort Income ETF by 42.0% during the fourth quarter. Commonwealth Equity Services LLC now owns 134,205 shares of the company’s stock worth $6,864,000 after acquiring an additional 39,679 shares during the last quarter. First National Bank of Omaha acquired a new position in shares of Angel Oak UltraShort Income ETF in the 4th quarter valued at $13,248,000. Crescent Grove Advisors LLC lifted its stake in shares of Angel Oak UltraShort Income ETF by 12.1% in the 4th quarter. Crescent Grove Advisors LLC now owns 348,678 shares of the company’s stock valued at $17,916,000 after purchasing an additional 37,755 shares during the last quarter. UBS Group AG grew its holdings in shares of Angel Oak UltraShort Income ETF by 11.6% during the 4th quarter. UBS Group AG now owns 803,675 shares of the company’s stock worth $41,104,000 after purchasing an additional 83,669 shares during the period. Finally, Steel Grove Capital Advisors LLC grew its holdings in shares of Angel Oak UltraShort Income ETF by 68.7% during the 4th quarter. Steel Grove Capital Advisors LLC now owns 273,318 shares of the company’s stock worth $13,979,000 after purchasing an additional 111,348 shares during the period.

About Angel Oak UltraShort Income ETF

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.