Angel Oak UltraShort Income ETF (NASDAQ:UYLD) Shares Shorted: Short Interest Up 7,252.8% in October

Angel Oak UltraShort Income ETF (NASDAQ:UYLD) saw a large increase in short interest in October. As of October 15th, there was short interest totaling 78,748 shares, an increase of 7,252.8% from the September 30th total of 1,071 shares. Based on an average trading volume of 243,810 shares, the short-interest ratio is presently 0.3 days. Approximately 0.3% of the shares of the stock are short sold.

Angel Oak UltraShort Income ETF Stock Down 0.0%

UYLD stock traded down $0.01 during mid-day trading on Tuesday, reaching $50.97. The company’s stock had a trading volume of 5,212 shares, compared to its average volume of 250,427. The company’s 50 day moving average is $50.96 and its two-hundred day moving average is $51.10. 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 business also recently declared a monthly dividend, which was paid on Thursday, October 1st. Investors of record on Wednesday, September 30th were issued a $0.2304 dividend. This is a boost from Angel Oak UltraShort Income ETF’s previous monthly dividend of $0.1799. This represents a $2.77 annualized dividend and a dividend yield of 5.4%. The ex-dividend date of this dividend was Wednesday, September 30th.

Institutional Trading of Angel Oak UltraShort Income ETF

Several large investors have recently added to or reduced their stakes in the stock. Gradient Investments LLC raised its holdings in shares of Angel Oak UltraShort Income ETF by 2.0% during the 3rd quarter. Gradient Investments LLC now owns 1,036,433 shares of the company’s stock worth $52,579,000 after acquiring an additional 20,086 shares during the period. IFC Advisors LLC increased its position in Angel Oak UltraShort Income ETF by 39.4% during the first quarter. IFC Advisors LLC now owns 313,913 shares of the company’s stock worth $16,021,000 after purchasing an additional 88,758 shares during the last quarter. Janney Montgomery Scott LLC increased its position in Angel Oak UltraShort Income ETF by 1.3% during the first quarter. Janney Montgomery Scott LLC now owns 273,164 shares of the company’s stock worth $13,941,000 after purchasing an additional 3,539 shares during the last quarter. Mason & Associates Inc raised its stake in Angel Oak UltraShort Income ETF by 455.7% during the second quarter. Mason & Associates Inc now owns 268,513 shares of the company’s stock worth $13,696,000 after purchasing an additional 220,191 shares during the period. Finally, Steel Grove Capital Advisors LLC raised its stake in Angel Oak UltraShort Income ETF by 21.9% during the third quarter. Steel Grove Capital Advisors LLC now owns 253,126 shares of the company’s stock worth $12,841,000 after purchasing an additional 45,529 shares during the period.

About Angel Oak UltraShort Income ETF

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.