Short Interest in Angel Oak Mortgage-Backed Securities ETF (NASDAQ:MBS) Drops By 64.5%

Angel Oak Mortgage-Backed Securities ETF (NASDAQ:MBSGet Free Report) was the recipient of a large decline in short interest in the month of May. As of May 15th, there was short interest totaling 29,303 shares, a decline of 64.5% from the April 30th total of 82,579 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average daily volume of 58,060 shares, the short-interest ratio is currently 0.5 days.

Angel Oak Mortgage-Backed Securities ETF Stock Performance

Shares of NASDAQ MBS traded down $0.03 during midday trading on Friday, hitting $8.62. 133,680 shares of the company’s stock were exchanged, compared to its average volume of 108,605. Angel Oak Mortgage-Backed Securities ETF has a twelve month low of $8.49 and a twelve month high of $9.16. The stock’s 50 day moving average price is $8.69 and its 200-day moving average price is $8.75.

Angel Oak Mortgage-Backed Securities ETF Cuts Dividend

The firm also recently declared a dividend, which will be paid on Monday, June 1st. Shareholders of record on Friday, May 29th will be given a dividend of $0.0359 per share. The ex-dividend date is Friday, May 29th.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of MBS. Royal Bank of Canada acquired a new stake in shares of Angel Oak Mortgage-Backed Securities ETF in the 1st quarter worth approximately $51,000. Quantinno Capital Management LP acquired a new position in shares of Angel Oak Mortgage-Backed Securities ETF in the 1st quarter worth $105,000. First Financial Bankshares Inc bought a new position in Angel Oak Mortgage-Backed Securities ETF in the 3rd quarter worth approximately $152,000. Envestnet Asset Management Inc. acquired a new position in shares of Angel Oak Mortgage-Backed Securities ETF during the third quarter worth approximately $197,000. Finally, Weaver Consulting Group acquired a new position in shares of Angel Oak Mortgage-Backed Securities ETF during the fourth quarter worth approximately $271,000.

About Angel Oak Mortgage-Backed Securities ETF

(Get Free Report)

The Angel Oak Mortgage-Backed Securities ETF (MBS) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is actively managed, seekingtotal returns through investments in various US mortgage-backed securities (MBS) of any credit quality and maturity. MBS was launched on Feb 20, 2024 and is issued by Angel Oak.

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