Angel Oak Income ETF (NASDAQ:CARY) Sees Significant Decline in Short Interest

Angel Oak Income ETF (NASDAQ:CARY) was the recipient of a significant drop in short interest during the month of September. As of September 15th, there was short interest totaling 27,070 shares, a drop of 89.7% from the August 31st total of 262,781 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 525,336 shares, the days-to-cover ratio is currently 0.1 days.

Angel Oak Income ETF Trading Down 0.3%

Shares of CARY traded down $0.06 on Thursday, reaching $20.30. The company’s stock had a trading volume of 505,829 shares, compared to its average volume of 408,609. Angel Oak Income ETF has a twelve month low of $20.27 and a twelve month high of $21.55. The firm has a fifty day moving average of $20.63 and a 200-day moving average of $20.75.

Angel Oak Income ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Monday, August 31st were issued a dividend of $0.0931 per share. The ex-dividend date of this dividend was Monday, August 31st. This represents a $1.12 dividend on an annualized basis and a yield of 5.5%. This is a decrease from Angel Oak Income ETF’s previous monthly dividend of $0.1001.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of CARY. Bank of America Corp DE raised its position in Angel Oak Income ETF by 103,779.5% in the 1st quarter. Bank of America Corp DE now owns 4,951,934 shares of the company’s stock valued at $102,862,000 after buying an additional 4,947,167 shares during the last quarter. Arkadios Wealth Advisors boosted its holdings in Angel Oak Income ETF by 13.7% during the 1st quarter. Arkadios Wealth Advisors now owns 3,562,484 shares of the company’s stock worth $74,003,000 after acquiring an additional 428,745 shares during the last quarter. IFC Advisors LLC bought a new stake in shares of Angel Oak Income ETF in the 1st quarter worth $61,717,000. Envestnet Asset Management Inc. raised its holdings in shares of Angel Oak Income ETF by 103.7% in the second quarter. Envestnet Asset Management Inc. now owns 1,107,410 shares of the company’s stock valued at $23,012,000 after purchasing an additional 563,831 shares during the last quarter. Finally, Baird Financial Group Inc. raised its holdings in shares of Angel Oak Income ETF by 1.7% in the second quarter. Baird Financial Group Inc. now owns 552,850 shares of the company’s stock valued at $11,488,000 after purchasing an additional 9,022 shares during the last quarter.

Angel Oak Income ETF Company Profile

The Angel Oak Income ETF (CARY) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund that aims for current income by broadly investing in USD-denominated fixed income securities with a tilt towards structured products and residential mortgage. Securities could be of any credit quality or maturity. CARY was launched on Nov 7, 2022 and is issued by Angel Oak.