Angel Oak UltraShort Income ETF (NASDAQ:UYLD) Short Interest Update

Angel Oak UltraShort Income ETF (NASDAQ:UYLD) was the recipient of a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 93,853 shares, an increase of 184.5% from the July 30th total of 32,993 shares. Based on an average daily trading volume, of 204,565 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.3% of the company’s shares are sold short.

Angel Oak UltraShort Income ETF Price Performance

Shares of UYLD stock opened at $51.13 on Friday. The stock has a 50 day moving average price of $51.09 and a 200 day moving average price of $51.13. Angel Oak UltraShort Income ETF has a 52-week low of $50.96 and a 52-week high of $51.46.

Angel Oak UltraShort Income ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Monday, August 3rd. Stockholders of record on Friday, July 31st were given a dividend of $0.1939 per share. The ex-dividend date was Friday, July 31st.

Institutional Trading of Angel Oak UltraShort Income ETF

Large investors have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. bought a new position in shares of Angel Oak UltraShort Income ETF in the fourth quarter worth about $27,000. Royal Bank of Canada lifted its holdings in Angel Oak UltraShort Income ETF by 76.0% during the 4th quarter. Royal Bank of Canada now owns 901 shares of the company’s stock valued at $46,000 after buying an additional 389 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Angel Oak UltraShort Income ETF by 46,300.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,392 shares of the company’s stock valued at $71,000 after buying an additional 1,389 shares during the period. Worth Asset Management LLC purchased a new stake in Angel Oak UltraShort Income ETF in the 2nd quarter valued at about $247,000. Finally, Rockefeller Capital Management L.P. grew its stake in Angel Oak UltraShort Income ETF by 30.3% in the 4th quarter. Rockefeller Capital Management L.P. now owns 5,058 shares of the company’s stock worth $259,000 after acquiring an additional 1,176 shares in 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.