Angel Oak UltraShort Income ETF (NASDAQ:UYLD) Short Interest Update

Angel Oak UltraShort Income ETF (NASDAQ:UYLD) was the target of a large growth in short interest during the month of March. As of March 13th, there was short interest totaling 69,486 shares, a growth of 175.0% from the February 26th total of 25,268 shares. Based on an average daily volume of 195,711 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.3% of the shares of the company are sold short. Approximately 0.3% of the shares of the company are sold short. Based on an average daily volume of 195,711 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. bought a new position in Angel Oak UltraShort Income ETF in the 4th quarter valued at about $27,000. MAI Capital Management acquired a new position in shares of Angel Oak UltraShort Income ETF in the third quarter valued at approximately $28,000. Royal Bank of Canada grew its position in shares of Angel Oak UltraShort Income ETF by 76.0% in the fourth quarter. Royal Bank of Canada now owns 901 shares of the company’s stock valued at $46,000 after purchasing an additional 389 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Angel Oak UltraShort Income ETF by 46,300.0% during the third quarter. JPMorgan Chase & Co. now owns 1,392 shares of the company’s stock worth $71,000 after purchasing an additional 1,389 shares during the period. Finally, Wealthcare Advisory Partners LLC bought a new position in shares of Angel Oak UltraShort Income ETF during the third quarter worth approximately $230,000.

Angel Oak UltraShort Income ETF Price Performance

UYLD stock opened at $51.19 on Wednesday. Angel Oak UltraShort Income ETF has a one year low of $50.74 and a one year high of $51.46. The company has a fifty day moving average price of $51.24 and a two-hundred day moving average price of $51.24.

Angel Oak UltraShort Income ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Monday, March 2nd. Stockholders of record on Friday, February 27th were paid a dividend of $0.159 per share. This represents a c) dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date was Friday, February 27th.

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.