Angel Oak UltraShort Income ETF (NASDAQ:UYLD) Sees Unusually-High Trading Volume – Should You Buy?

Angel Oak UltraShort Income ETF (NASDAQ:UYLD) saw strong trading volume on Wednesday . Approximately 147,182 shares were traded during trading, a decline of 24% from the previous session’s volume of 193,281 shares.The stock last traded at $50.99 and had previously closed at $51.01.

Angel Oak UltraShort Income ETF Price Performance

The firm has a 50-day moving average of $51.11 and a two-hundred day moving average of $51.18.

Angel Oak UltraShort Income ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Wednesday, July 1st. Stockholders of record on Tuesday, June 30th were issued a dividend of $0.1998 per share. The ex-dividend date was Tuesday, June 30th. This is a boost from Angel Oak UltraShort Income ETF’s previous dividend of $0.18.

Institutional Trading of Angel Oak UltraShort Income ETF

Hedge funds and other institutional investors have recently modified their holdings of the business. Transamerica Financial Advisors LLC raised its holdings in shares of Angel Oak UltraShort Income ETF by 0.6% in the 4th quarter. Transamerica Financial Advisors LLC now owns 48,809 shares of the company’s stock valued at $2,496,000 after buying an additional 277 shares during the period. Consolidated Portfolio Review Corp boosted its holdings in Angel Oak UltraShort Income ETF by 1.8% during the 3rd quarter. Consolidated Portfolio Review Corp now owns 16,286 shares of the company’s stock valued at $833,000 after acquiring an additional 286 shares during the period. Ieq Capital LLC boosted its holdings in Angel Oak UltraShort Income ETF by 1.8% during the 4th quarter. Ieq Capital LLC now owns 17,850 shares of the company’s stock valued at $913,000 after acquiring an additional 314 shares during the period. Royal Bank of Canada grew its position in Angel Oak UltraShort Income ETF by 76.0% in the 4th quarter. Royal Bank of Canada now owns 901 shares of the company’s stock valued at $46,000 after acquiring an additional 389 shares in the last quarter. Finally, NewEdge Advisors LLC increased its stake in Angel Oak UltraShort Income ETF by 4.6% during the first quarter. NewEdge Advisors LLC now owns 8,936 shares of the company’s stock worth $457,000 after purchasing an additional 392 shares during the period.

Angel Oak UltraShort Income ETF Company Profile

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.