Angel Oak High Yield Opportunities ETF (NASDAQ:AOHY – Get Free Report) was the recipient of a large drop in short interest during the month of October. As of October 15th, there was short interest totaling 31,501 shares, a drop of 49.0% from the September 30th total of 61,732 shares. Approximately 0.3% of the company’s shares are sold short. Based on an average daily volume of 42,328 shares, the days-to-cover ratio is currently 0.7 days.
Angel Oak High Yield Opportunities ETF Trading Down 0.6%
AOHY traded down $0.07 on Friday, hitting $10.72. The company had a trading volume of 337,844 shares, compared to its average volume of 59,343. The company’s fifty day moving average price is $10.85 and its 200 day moving average price is $11.02. Angel Oak High Yield Opportunities ETF has a 1 year low of $10.58 and a 1 year high of $11.25. The firm has a market cap of $116.20 million, a P/E ratio of 2.33 and a beta of 0.20.
Shares of Angel Oak High Yield Opportunities ETF are scheduled to reverse split on the morning of Monday, November 16th. The 1-5 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Sunday, November 15th.
Angel Oak High Yield Opportunities ETF Increases Dividend
The business also recently declared a monthly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Friday, October 30th will be paid a $0.0637 dividend. This is a positive change from Angel Oak High Yield Opportunities ETF’s previous monthly dividend of $0.0628. The ex-dividend date of this dividend is Friday, October 30th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 7.1%.
Hedge Funds Weigh In On Angel Oak High Yield Opportunities ETF
Several large investors have recently made changes to their positions in AOHY. Royal Bank of Canada lifted its stake in Angel Oak High Yield Opportunities ETF by 588.5% during the first quarter. Royal Bank of Canada now owns 12,910 shares of the company’s stock worth $141,000 after purchasing an additional 11,035 shares in the last quarter. AlphaStar Capital Management LLC purchased a new position in shares of Angel Oak High Yield Opportunities ETF during the third quarter worth $155,000. Worth Asset Management LLC purchased a new position in shares of Angel Oak High Yield Opportunities ETF during the second quarter worth $227,000. Avantax Planning Partners Inc. acquired a new stake in shares of Angel Oak High Yield Opportunities ETF in the first quarter valued at $244,000. Finally, Fifth Third Securities Inc. acquired a new stake in shares of Angel Oak High Yield Opportunities ETF in the third quarter valued at $343,000.
About Angel Oak High Yield Opportunities ETF
The Angel Oak High Yield Opportunities ETF (AOHY) is an exchange-traded fund that mostly invests in high yield fixed income. The fund is an actively managed fund that provides broad exposure to high-yield fixed-income securities, globally. The fund seeks a high level of current income, and to a lesser extent, capital appreciation. AOHY was launched on Feb 20, 2024 and is issued by Angel Oak.
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