Angel Oak Income ETF (NASDAQ:CARY) Short Interest Update

Angel Oak Income ETF (NASDAQ:CARY) was the recipient of a large 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. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 525,336 shares, the short-interest ratio is currently 0.1 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Omnitrust Wealth Management Inc purchased a new stake in shares of Angel Oak Income ETF during the 4th quarter valued at $540,000. Rockefeller Capital Management L.P. grew its position in Angel Oak Income ETF by 36.8% during the fourth quarter. Rockefeller Capital Management L.P. now owns 99,611 shares of the company’s stock valued at $2,074,000 after buying an additional 26,781 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its position in Angel Oak Income ETF by 100.5% during the second quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 51,747 shares of the company’s stock valued at $1,075,000 after buying an additional 25,940 shares during the period. IFC Advisors LLC purchased a new stake in Angel Oak Income ETF during the first quarter worth about $61,717,000. Finally, Lewis Asset Management LLC increased its holdings in Angel Oak Income ETF by 50.9% during the first quarter. Lewis Asset Management LLC now owns 96,380 shares of the company’s stock worth $2,002,000 after buying an additional 32,505 shares during the last quarter.

Angel Oak Income ETF Price Performance

Shares of NASDAQ CARY traded down $0.06 during midday trading 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 12-month low of $20.27 and a 12-month high of $21.55. The firm has a 50 day moving average price of $20.63 and a 200-day moving average price of $20.75.

Angel Oak Income ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, September 1st. Investors of record on Monday, August 31st were issued a dividend of $0.0931 per share. 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. The ex-dividend date was Monday, August 31st.

About Angel Oak Income ETF

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.