Angel Oak UltraShort Income ETF (NASDAQ:UYLD) Sees Large Volume Increase – Here’s What Happened

Angel Oak UltraShort Income ETF (NASDAQ:UYLD) shares saw unusually-strong trading volume on Wednesday . Approximately 599,916 shares traded hands during trading, an increase of 222% from the previous session’s volume of 186,097 shares.The stock last traded at $50.99 and had previously closed at $50.97.

Angel Oak UltraShort Income ETF Stock Up 0.0%

The company has a fifty day simple moving average of $51.09 and a two-hundred day simple moving average of $51.13.

Angel Oak UltraShort Income ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, September 1st. Investors of record on Monday, August 31st were given a dividend of $0.1799 per share. The ex-dividend date of this dividend was Monday, August 31st.

Hedge Funds Weigh In On Angel Oak UltraShort Income ETF

Several hedge funds have recently bought and sold shares of UYLD. Osaic Holdings Inc. raised its position in shares of Angel Oak UltraShort Income ETF by 61.6% in the 4th quarter. Osaic Holdings Inc. now owns 804,220 shares of the company’s stock valued at $41,131,000 after buying an additional 306,470 shares in the last quarter. Citadel Advisors LLC raised its position in Angel Oak UltraShort Income ETF by 1,273.9% during the third quarter. Citadel Advisors LLC now owns 300,188 shares of the company’s stock valued at $15,353,000 after purchasing an additional 278,338 shares in the last quarter. First National Bank of Omaha bought a new stake in Angel Oak UltraShort Income ETF during the fourth quarter worth $13,248,000. UBS Group AG boosted its holdings in shares of Angel Oak UltraShort Income ETF by 48.7% in the 3rd quarter. UBS Group AG now owns 720,006 shares of the company’s stock valued at $36,825,000 after purchasing an additional 235,886 shares in the last quarter. Finally, Mason & Associates Inc increased its stake in shares of Angel Oak UltraShort Income ETF by 455.7% in the 2nd quarter. Mason & Associates Inc now owns 268,513 shares of the company’s stock valued at $13,696,000 after purchasing an additional 220,191 shares during the last quarter.

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.