Short Interest in Angel Oak High Yield Opportunities ETF (NASDAQ:AOHY) Declines By 80.9%

Angel Oak High Yield Opportunities ETF (NASDAQ:AOHY) saw a large drop in short interest in the month of May. As of May 15th, there was short interest totaling 9,584 shares, a drop of 80.9% from the April 30th total of 50,212 shares. Based on an average trading volume of 48,550 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the company’s stock are sold short.

Angel Oak High Yield Opportunities ETF Price Performance

NASDAQ AOHY traded down $0.04 during trading hours on Friday, reaching $11.07. 16,823 shares of the company’s stock traded hands, compared to its average volume of 61,815. Angel Oak High Yield Opportunities ETF has a 52-week low of $10.86 and a 52-week high of $11.29. The firm has a market cap of $120.77 million, a PE ratio of 2.33 and a beta of 0.19. The firm has a 50-day simple moving average of $11.04 and a 200 day simple moving average of $11.10.

Angel Oak High Yield Opportunities ETF Dividend Announcement

The business also recently disclosed a dividend, which was paid on Friday, May 1st. Investors of record on Thursday, April 30th were given a dividend of $0.0621 per share. The ex-dividend date of this dividend was Thursday, April 30th.

Institutional Trading of Angel Oak High Yield Opportunities ETF

Institutional investors have recently bought and sold shares of the company. Raymond James Financial Inc. purchased a new stake in Angel Oak High Yield Opportunities ETF during the 2nd quarter valued at about $62,000. AE Wealth Management LLC raised its position in Angel Oak High Yield Opportunities ETF by 657.4% in the 3rd quarter. AE Wealth Management LLC now owns 10,353 shares of the company’s stock worth $116,000 after buying an additional 8,986 shares during the last quarter. Ausdal Financial Partners Inc. purchased a new position in Angel Oak High Yield Opportunities ETF in the 3rd quarter worth about $122,000. Kestra Advisory Services LLC purchased a new position in Angel Oak High Yield Opportunities ETF in the 4th quarter worth about $140,000. Finally, Royal Bank of Canada raised its position in Angel Oak High Yield Opportunities ETF by 588.5% in the 1st quarter. Royal Bank of Canada now owns 12,910 shares of the company’s stock worth $141,000 after buying an additional 11,035 shares during the last quarter.

Angel Oak High Yield Opportunities ETF Company Profile

The Angel Oak High Yield Opportunities ETF (AOHY) is an exchange-traded fund that mostly invests in high yield fixed income. The fund is an actively managed fund that provides broad exposure to high-yield fixed-income securities, globally. The fund seeks a high level of current income, and to a lesser extent, capital appreciation. AOHY was launched on Feb 20, 2024 and is issued by Angel Oak.