Angel Oak High Yield Opportunities ETF (NASDAQ:AOHY) Shares Shorted: Short Interest Down 49.0% in October

Angel Oak High Yield Opportunities ETF (NASDAQ:AOHY) saw a significant decline in short interest during the month of October. As of October 15th, there was short interest totaling 31,501 shares, a decline of 49.0% from the September 30th total of 61,732 shares. Based on an average daily trading volume, of 42,328 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.3% of the shares of the company are short sold.

Angel Oak High Yield Opportunities ETF Price Performance

Shares of AOHY stock traded down $0.07 during trading hours on Friday, hitting $10.72. The stock had a trading volume of 337,844 shares, compared to its average volume of 59,343. The firm has a market capitalization of $116.20 million, a PE ratio of 2.33 and a beta of 0.20. The stock’s 50 day moving average is $10.85 and its 200 day moving average is $11.02. Angel Oak High Yield Opportunities ETF has a twelve month low of $10.58 and a twelve month high of $11.25.

Shares of Angel Oak High Yield Opportunities ETF are going to reverse split on Monday, November 16th. The 1-5 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Sunday, November 15th.

Angel Oak High Yield Opportunities ETF Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, November 2nd. Investors of record on Friday, October 30th will be given a $0.0637 dividend. This is a positive change from Angel Oak High Yield Opportunities ETF’s previous monthly dividend of $0.0628. The ex-dividend date is Friday, October 30th. This represents a $0.76 annualized dividend and a yield of 7.1%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Royal Bank of Canada increased its stake in Angel Oak High Yield Opportunities ETF by 588.5% in the first quarter. Royal Bank of Canada now owns 12,910 shares of the company’s stock valued at $141,000 after purchasing an additional 11,035 shares during the period. AlphaStar Capital Management LLC purchased a new stake in shares of Angel Oak High Yield Opportunities ETF in the third quarter valued at about $155,000. Worth Asset Management LLC acquired a new stake in shares of Angel Oak High Yield Opportunities ETF during the second quarter worth about $227,000. Avantax Planning Partners Inc. acquired a new stake in shares of Angel Oak High Yield Opportunities ETF during the first quarter worth about $244,000. Finally, Fifth Third Securities Inc. acquired a new stake in shares of Angel Oak High Yield Opportunities ETF during the third quarter worth about $343,000.

Angel Oak High Yield Opportunities ETF Company Profile

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.