Angel Oak Income ETF (NASDAQ:CARY) Sees Significant Decrease in Short Interest

Angel Oak Income ETF (NASDAQ:CARYGet Free Report) saw a large decrease in short interest in the month of July. As of July 31st, there was short interest totaling 66,634 shares, a decrease of 65.4% from the July 15th total of 192,766 shares. Based on an average daily volume of 304,522 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the company’s stock are sold short.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Hantz Financial Services Inc. purchased a new stake in shares of Angel Oak Income ETF in the 4th quarter valued at approximately $30,000. Bank of America Corp DE purchased a new stake in shares of Angel Oak Income ETF during the 2nd quarter worth $38,000. Lloyd Advisory Services LLC. acquired a new position in shares of Angel Oak Income ETF during the fourth quarter worth $118,000. Comerica Bank grew its stake in shares of Angel Oak Income ETF by 12.2% during the third quarter. Comerica Bank now owns 9,235 shares of the company’s stock worth $193,000 after purchasing an additional 1,007 shares in the last quarter. Finally, Commonwealth Equity Services LLC purchased a new position in Angel Oak Income ETF in the fourth quarter valued at $204,000.

Angel Oak Income ETF Stock Performance

Shares of CARY traded down $0.02 during midday trading on Friday, hitting $20.71. The company had a trading volume of 194,939 shares, compared to its average volume of 412,778. The company’s 50-day simple moving average is $20.76 and its 200-day simple moving average is $20.84. Angel Oak Income ETF has a 1 year low of $20.58 and a 1 year high of $21.55.

Angel Oak Income ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Monday, August 3rd. Investors of record on Friday, July 31st were issued a $0.1001 dividend. The ex-dividend date of this dividend was Friday, July 31st.

Angel Oak Income ETF Company Profile

(Get Free Report)

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.

See Also

Receive News & Ratings for Angel Oak Income ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Angel Oak Income ETF and related companies with MarketBeat.com's FREE daily email newsletter.