Angel Oak Mortgage-Backed Securities ETF (NASDAQ:MBS) Sees Large Growth in Short Interest

Angel Oak Mortgage-Backed Securities ETF (NASDAQ:MBS) was the target of a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 140,920 shares, an increase of 203.2% from the August 31st total of 46,477 shares. Based on an average daily volume of 635,899 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.6% of the shares of the stock are sold short.

Hedge Funds Weigh In On Angel Oak Mortgage-Backed Securities ETF

Large investors have recently modified their holdings of the company. Citadel Advisors LLC purchased a new stake in Angel Oak Mortgage-Backed Securities ETF in the second quarter worth approximately $918,000. NewEdge Wealth LLC grew its position in Angel Oak Mortgage-Backed Securities ETF by 7.9% during the first quarter. NewEdge Wealth LLC now owns 2,592,750 shares of the company’s stock valued at $22,453,000 after acquiring an additional 189,635 shares during the last quarter. RFG Advisory LLC raised its stake in shares of Angel Oak Mortgage-Backed Securities ETF by 8.1% during the second quarter. RFG Advisory LLC now owns 146,457 shares of the company’s stock worth $1,264,000 after acquiring an additional 10,985 shares in the last quarter. Royal Bank of Canada purchased a new position in shares of Angel Oak Mortgage-Backed Securities ETF during the first quarter worth approximately $51,000. Finally, Quantinno Capital Management LP bought a new stake in shares of Angel Oak Mortgage-Backed Securities ETF in the 1st quarter worth approximately $105,000.

Angel Oak Mortgage-Backed Securities ETF Stock Performance

Shares of NASDAQ MBS remained flat at $8.30 during mid-day trading on Friday. 195,512 shares of the stock were exchanged, compared to its average volume of 121,396. Angel Oak Mortgage-Backed Securities ETF has a 52 week low of $8.27 and a 52 week high of $9.16. The stock has a 50 day moving average of $8.50 and a 200 day moving average of $8.61.

Angel Oak Mortgage-Backed Securities ETF Announces Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Monday, August 31st were paid a dividend of $0.0341 per share. The ex-dividend date of this dividend was Monday, August 31st. This represents a $0.41 annualized dividend and a yield of 4.9%.

Angel Oak Mortgage-Backed Securities ETF Company Profile

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.