Angel Oak UltraShort Income ETF (NASDAQ:UYLD) Hits New 12-Month Low – What’s Next?

Shares of Angel Oak UltraShort Income ETF (NASDAQ:UYLD) hit a new 52-week low on Thursday . The stock traded as low as $50.96 and last traded at $51.02, with a volume of 9229 shares traded. The stock had previously closed at $51.02.

Angel Oak UltraShort Income ETF Stock Performance

The business has a 50-day moving average price of $51.08 and a 200-day moving average price of $51.15.

Angel Oak UltraShort Income ETF Cuts Dividend

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its holdings in shares of Angel Oak UltraShort Income ETF by 68.4% during the second quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 10,711 shares of the company’s stock valued at $546,000 after buying an additional 4,352 shares during the last quarter. Wealthcare Advisory Partners LLC increased its position in shares of Angel Oak UltraShort Income ETF by 2,031.5% in the 2nd quarter. Wealthcare Advisory Partners LLC now owns 108,896 shares of the company’s stock valued at $5,554,000 after acquiring an additional 103,787 shares during the period. Worth Asset Management LLC purchased a new position in Angel Oak UltraShort Income ETF in the 2nd quarter worth $247,000. Mechanics Bank Trust Department raised its stake in Angel Oak UltraShort Income ETF by 9.8% in the 2nd quarter. Mechanics Bank Trust Department now owns 51,359 shares of the company’s stock worth $2,620,000 after acquiring an additional 4,591 shares during the last quarter. Finally, Balefire LLC lifted its position in Angel Oak UltraShort Income ETF by 48.5% during the 2nd quarter. Balefire LLC now owns 21,765 shares of the company’s stock worth $1,110,000 after acquiring an additional 7,113 shares during the period.

Angel Oak UltraShort Income ETF Company Profile

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.