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

Angel Oak UltraShort Income ETF (NASDAQ:UYLD) reached a new 52-week low during trading on Thursday . The company traded as low as $50.94 and last traded at $50.9750, with a volume of 117990 shares trading hands. The stock had previously closed at $51.01.

Angel Oak UltraShort Income ETF Price Performance

The firm has a 50 day moving average price of $51.07 and a two-hundred day moving average price of $51.12.

Angel Oak UltraShort Income ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Monday, August 31st were issued a dividend of $0.1799 per share. The ex-dividend date was Monday, August 31st. This represents a c) annualized dividend and a yield of 4.2%.

Institutional Investors Weigh In On Angel Oak UltraShort Income ETF

Large investors have recently modified their holdings of the company. NewEdge Advisors LLC raised its stake in Angel Oak UltraShort Income ETF by 4.6% during the first quarter. NewEdge Advisors LLC now owns 8,936 shares of the company’s stock worth $457,000 after buying an additional 392 shares during the last quarter. First Trust Advisors LP bought a new stake in Angel Oak UltraShort Income ETF during the second quarter valued at $397,000. Jane Street Group LLC acquired a new stake in Angel Oak UltraShort Income ETF during the 2nd quarter worth about $3,288,000. Snowden Capital Advisors LLC grew its holdings in Angel Oak UltraShort Income ETF by 7.3% during the 2nd quarter. Snowden Capital Advisors LLC now owns 8,222 shares of the company’s stock worth $420,000 after acquiring an additional 560 shares during the period. Finally, Osaic Holdings Inc. grew its holdings in Angel Oak UltraShort Income ETF by 4.9% during the 2nd quarter. Osaic Holdings Inc. now owns 16,396 shares of the company’s stock worth $837,000 after acquiring an additional 761 shares during the period.

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.