Angel Oak UltraShort Income ETF (NASDAQ:UYLD) Stock Short Interest Falls 98.0%

Angel Oak UltraShort Income ETF (NASDAQ:UYLD) was the recipient of a large drop in short interest during the month of September. As of September 30th, there was short interest totaling 1,071 shares, a drop of 98.0% from the September 15th total of 54,644 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 199,259 shares, the days-to-cover ratio is presently 0.0 days.

Angel Oak UltraShort Income ETF Trading Up 0.1%

Angel Oak UltraShort Income ETF stock traded up $0.04 during midday trading on Friday, reaching $50.88. 494,273 shares of the stock traded hands, compared to its average volume of 251,494. The firm has a fifty day moving average price of $50.99 and a two-hundred day moving average price of $51.07. Angel Oak UltraShort Income ETF has a fifty-two week low of $50.69 and a fifty-two week high of $51.40.

Angel Oak UltraShort Income ETF Increases Dividend

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

Hedge Funds Weigh In On Angel Oak UltraShort Income ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Balefire LLC increased its position in Angel Oak UltraShort Income ETF by 39.3% in the 3rd quarter. Balefire LLC now owns 30,310 shares of the company’s stock valued at $1,538,000 after acquiring an additional 8,545 shares during the period. Farther Finance Advisors LLC boosted its position in Angel Oak UltraShort Income ETF by 51.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 27,188 shares of the company’s stock worth $1,379,000 after acquiring an additional 9,224 shares during the period. Gradient Investments LLC grew its stake in shares of Angel Oak UltraShort Income ETF by 2.0% in the third quarter. Gradient Investments LLC now owns 1,036,433 shares of the company’s stock worth $52,579,000 after purchasing an additional 20,086 shares in the last quarter. Fig Financial Advisory Services Inc. ADV acquired a new position in shares of Angel Oak UltraShort Income ETF during the third quarter valued at $4,740,000. Finally, Wealth Enhancement Trust Services Inc. increased its holdings in shares of Angel Oak UltraShort Income ETF by 378.6% during the third quarter. Wealth Enhancement Trust Services Inc. now owns 37,869 shares of the company’s stock valued at $1,921,000 after purchasing an additional 29,956 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.