Angel Oak UltraShort Income ETF (NASDAQ:UYLD) Sees Large Volume Increase – Time to Buy?

Angel Oak UltraShort Income ETF (NASDAQ:UYLD) shares saw unusually-high trading volume on Monday . Approximately 375,870 shares were traded during trading, an increase of 227% from the previous session’s volume of 114,783 shares.The stock last traded at $51.38 and had previously closed at $51.37.

Angel Oak UltraShort Income ETF Trading Down 0.0%

The firm has a 50-day moving average price of $51.24 and a two-hundred day moving average price of $51.17.

Angel Oak UltraShort Income ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Friday, August 29th were given a dividend of $0.1993 per share. This represents a c) annualized dividend and a dividend yield of 4.7%. The ex-dividend date of this dividend was Friday, August 29th.

Institutional Trading of Angel Oak UltraShort Income ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. NorthCrest Asset Manangement LLC raised its stake in Angel Oak UltraShort Income ETF by 24.0% in the second quarter. NorthCrest Asset Manangement LLC now owns 55,339 shares of the company’s stock valued at $2,828,000 after buying an additional 10,717 shares during the period. Wealth Enhancement Advisory Services LLC raised its position in Angel Oak UltraShort Income ETF by 10.7% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 8,079,980 shares of the company’s stock worth $412,806,000 after purchasing an additional 779,284 shares during the last quarter. IFC Advisors LLC raised its position in Angel Oak UltraShort Income ETF by 163.6% during the 1st quarter. IFC Advisors LLC now owns 148,966 shares of the company’s stock worth $7,611,000 after purchasing an additional 92,463 shares during the last quarter. Kestra Private Wealth Services LLC raised its position in Angel Oak UltraShort Income ETF by 4.4% during the 1st quarter. Kestra Private Wealth Services LLC now owns 166,259 shares of the company’s stock worth $8,494,000 after purchasing an additional 6,998 shares during the last quarter. Finally, XY Planning Network Inc. bought a new position in Angel Oak UltraShort Income ETF during the 1st quarter worth $1,382,000.

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.