Angel Oak UltraShort Income ETF (NASDAQ:UYLD) Reaches New 52-Week Low – What’s Next?

Shares of Angel Oak UltraShort Income ETF (NASDAQ:UYLD) reached a new 52-week low on Wednesday. The company traded as low as $50.69 and last traded at $50.7660, with a volume of 8762 shares. The stock had previously closed at $50.74.

Angel Oak UltraShort Income ETF Stock Performance

The firm’s 50-day moving average price is $51.00 and its two-hundred day moving average price is $51.07.

Angel Oak UltraShort Income ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, October 1st. Investors of record on Wednesday, September 30th were paid a dividend of $0.2304 per share. The ex-dividend date was Wednesday, September 30th. This represents a $2.77 annualized dividend and a yield of 5.4%. This is an increase from Angel Oak UltraShort Income ETF’s previous monthly dividend of $0.1799.

Hedge Funds Weigh In On Angel Oak UltraShort Income ETF

Several large investors have recently bought and sold shares of UYLD. Mattson Financial Services LLC increased its holdings in shares of Angel Oak UltraShort Income ETF by 3.8% in the fourth quarter. Mattson Financial Services LLC now owns 28,482 shares of the company’s stock valued at $1,457,000 after purchasing an additional 1,050 shares during the period. Rockefeller Capital Management L.P. lifted its holdings in shares of Angel Oak UltraShort Income ETF by 30.3% during the fourth quarter. Rockefeller Capital Management L.P. now owns 5,058 shares of the company’s stock worth $259,000 after purchasing an additional 1,176 shares during the period. NewEdge Advisors LLC lifted its holdings in shares of Angel Oak UltraShort Income ETF by 199.2% during the second quarter. NewEdge Advisors LLC now owns 2,115 shares of the company’s stock worth $108,000 after purchasing an additional 1,408 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in shares of Angel Oak UltraShort Income ETF by 37.8% during the first quarter. EverSource Wealth Advisors LLC now owns 10,333 shares of the company’s stock worth $527,000 after purchasing an additional 2,834 shares during the period. Finally, Lewis Asset Management LLC grew its position in Angel Oak UltraShort Income ETF by 5.1% in the 1st quarter. Lewis Asset Management LLC now owns 60,569 shares of the company’s stock valued at $3,091,000 after buying an additional 2,914 shares during the last quarter.

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.