Short Interest in Angel Oak High Yield Opportunities ETF (NASDAQ:AOHY) Decreases By 61.0%

Angel Oak High Yield Opportunities ETF (NASDAQ:AOHY) was the recipient of a large drop in short interest in February. As of February 13th, there was short interest totaling 7,365 shares, a drop of 61.0% from the January 29th total of 18,873 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 64,161 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily volume of 64,161 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the shares of the stock are sold short.

Institutional Investors Weigh In On Angel Oak High Yield Opportunities ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Raymond James Financial Inc. bought a new position in Angel Oak High Yield Opportunities ETF in the 2nd quarter valued at approximately $62,000. AE Wealth Management LLC increased its holdings in shares of Angel Oak High Yield Opportunities ETF by 657.4% during the third quarter. AE Wealth Management LLC now owns 10,353 shares of the company’s stock worth $116,000 after buying an additional 8,986 shares in the last quarter. Ausdal Financial Partners Inc. bought a new position in shares of Angel Oak High Yield Opportunities ETF in the 3rd quarter valued at $122,000. Kestra Advisory Services LLC acquired a new stake in shares of Angel Oak High Yield Opportunities ETF during the 4th quarter valued at $140,000. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new stake in shares of Angel Oak High Yield Opportunities ETF during the 3rd quarter valued at $164,000.

Angel Oak High Yield Opportunities ETF Stock Performance

Angel Oak High Yield Opportunities ETF stock opened at $11.17 on Friday. Angel Oak High Yield Opportunities ETF has a 52 week low of $10.52 and a 52 week high of $11.29. The stock has a market capitalization of $123.21 million, a P/E ratio of 2.33 and a beta of 0.22. The stock has a fifty day moving average of $11.17 and a 200-day moving average of $11.16.

Angel Oak High Yield Opportunities ETF Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Friday, February 27th will be issued a $0.0514 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 5.5%. This is an increase from Angel Oak High Yield Opportunities ETF’s previous monthly dividend of $0.05. The ex-dividend date of this dividend is Friday, February 27th.

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.