Angel Oak High Yield Opportunities ETF (NASDAQ:AOHY) Sees Large Growth in Short Interest

Angel Oak High Yield Opportunities ETF (NASDAQ:AOHY) was the recipient of a significant increase in short interest during the month of August. As of August 14th, there was short interest totaling 73,992 shares, an increase of 434.4% from the July 30th total of 13,846 shares. Based on an average daily volume of 137,899 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.7% of the shares of the stock are sold short.

Angel Oak High Yield Opportunities ETF Price Performance

Angel Oak High Yield Opportunities ETF stock traded down $0.01 during trading on Friday, reaching $11.09. 16,235 shares of the company were exchanged, compared to its average volume of 60,261. The stock’s 50 day simple moving average is $11.04 and its two-hundred day simple moving average is $11.06. The company has a market capitalization of $125.10 million, a P/E ratio of 2.33 and a beta of 0.19. Angel Oak High Yield Opportunities ETF has a 52-week low of $10.86 and a 52-week high of $11.29.

Angel Oak High Yield Opportunities ETF Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Monday, August 3rd. Stockholders of record on Friday, July 31st were given a dividend of $0.0624 per share. The ex-dividend date of this dividend was Friday, July 31st. This represents a c) annualized dividend and a dividend yield of 6.8%.

Institutional Investors Weigh In On Angel Oak High Yield Opportunities ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Raymond James Financial Inc. acquired a new position in Angel Oak High Yield Opportunities ETF in the second quarter valued at approximately $62,000. Ausdal Financial Partners Inc. purchased a new stake in Angel Oak High Yield Opportunities ETF in the 3rd quarter valued at about $122,000. Kestra Advisory Services LLC acquired a new stake in shares of Angel Oak High Yield Opportunities ETF during the fourth quarter valued at about $140,000. Royal Bank of Canada raised 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 acquiring an additional 11,035 shares during the period. Finally, Worth Asset Management LLC acquired a new position in shares of Angel Oak High Yield Opportunities ETF in the 2nd quarter worth approximately $227,000.

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.