Angel Oak High Yield Opportunities ETF (NASDAQ:AOHY) Sees Significant Increase in Short Interest

Angel Oak High Yield Opportunities ETF (NASDAQ:AOHY) was the recipient of a significant growth in short interest in 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. Based on an average trading volume of 36,103 shares, the days-to-cover ratio is currently 1.0 days. Approximately 0.3% of the company’s stock are short sold.

Angel Oak High Yield Opportunities ETF Price Performance

Angel Oak High Yield Opportunities ETF stock traded up $0.02 during mid-day trading on Thursday, reaching $11.04. The stock had a trading volume of 259 shares, compared to its average volume of 61,092. Angel Oak High Yield Opportunities ETF has a one year low of $10.86 and a one year high of $11.29. The company has a 50-day moving average price of $11.05 and a two-hundred day moving average price of $11.10. The company has a market capitalization of $120.45 million, a price-to-earnings ratio of 2.33 and a beta of 0.19.

Angel Oak High Yield Opportunities ETF Cuts Dividend

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

Institutional Investors Weigh In On Angel Oak High Yield Opportunities ETF

A number of institutional investors have recently made changes to their positions in the company. Arkadios Wealth Advisors increased its position in shares of Angel Oak High Yield Opportunities ETF by 15.5% during the fourth quarter. Arkadios Wealth Advisors now owns 3,435,040 shares of the company’s stock valued at $38,129,000 after acquiring an additional 461,380 shares in the last quarter. UBS Group AG boosted its stake in Angel Oak High Yield Opportunities ETF by 24.9% during the 4th quarter. UBS Group AG now owns 423,291 shares of the company’s stock valued at $4,699,000 after purchasing an additional 84,347 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in Angel Oak High Yield Opportunities ETF by 17.7% during the 3rd quarter. Envestnet Asset Management Inc. now owns 312,145 shares of the company’s stock valued at $3,496,000 after purchasing an additional 46,971 shares during the last quarter. Raymond James Financial Inc. increased its holdings in shares of Angel Oak High Yield Opportunities ETF by 793.1% in the 3rd quarter. Raymond James Financial Inc. now owns 49,900 shares of the company’s stock worth $559,000 after purchasing an additional 44,313 shares in the last quarter. Finally, Jane Street Group LLC increased its holdings in shares of Angel Oak High Yield Opportunities ETF by 79.7% in the 1st quarter. Jane Street Group LLC now owns 85,907 shares of the company’s stock worth $942,000 after purchasing an additional 38,090 shares in the last quarter.

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.