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

Angel Oak UltraShort Income ETF (NASDAQ:UYLD) was the recipient of a significant decrease in short interest in the month of May. As of May 15th, there was short interest totaling 34,248 shares, a decrease of 63.4% from the April 30th total of 93,687 shares. Based on an average daily trading volume, of 198,321 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the company’s stock are short sold.

Hedge Funds Weigh In On Angel Oak UltraShort Income ETF

A number of institutional investors and hedge funds have recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. purchased a new position in Angel Oak UltraShort Income ETF in the fourth quarter valued at $27,000. MAI Capital Management acquired a new stake in Angel Oak UltraShort Income ETF in the third quarter valued at $28,000. Royal Bank of Canada lifted its holdings in Angel Oak UltraShort Income ETF by 76.0% during the 4th quarter. Royal Bank of Canada now owns 901 shares of the company’s stock worth $46,000 after buying an additional 389 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Angel Oak UltraShort Income ETF by 46,300.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,392 shares of the company’s stock worth $71,000 after buying an additional 1,389 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC acquired a new position in shares of Angel Oak UltraShort Income ETF during the 3rd quarter worth about $230,000.

Angel Oak UltraShort Income ETF Trading Down 0.3%

Shares of Angel Oak UltraShort Income ETF stock opened at $51.04 on Friday. Angel Oak UltraShort Income ETF has a 52-week low of $50.96 and a 52-week high of $51.46. The company has a 50 day moving average of $51.14 and a 200 day moving average of $51.20.

Angel Oak UltraShort Income ETF Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Monday, June 1st. Stockholders of record on Friday, May 29th will be issued a $0.1806 dividend. The ex-dividend date is Friday, May 29th.

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.