Angel Oak High Yield Opportunities ETF (NASDAQ:AOHY) Short Interest Up 280.9% in May

Angel Oak High Yield Opportunities ETF (NASDAQ:AOHY) was the target of a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 36,503 shares, an increase of 280.9% from the May 14th total of 9,584 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average trading volume of 36,103 shares, the short-interest ratio is currently 1.0 days.

Hedge Funds Weigh In On Angel Oak High Yield Opportunities ETF

A number of institutional investors have recently bought and sold shares of AOHY. Arkadios Wealth Advisors grew its holdings in shares of Angel Oak High Yield Opportunities ETF by 12.3% during the 1st quarter. Arkadios Wealth Advisors now owns 3,857,687 shares of the company’s stock worth $42,165,000 after acquiring an additional 422,647 shares during the period. Royal Bank of Canada boosted 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 acquiring an additional 11,035 shares in the last quarter. NewEdge Wealth LLC lifted its holdings in shares of Angel Oak High Yield Opportunities ETF by 8.2% during the first quarter. NewEdge Wealth LLC now owns 374,657 shares of the company’s stock valued at $4,095,000 after purchasing an additional 28,499 shares during the last quarter. Avantax Planning Partners Inc. bought a new stake in shares of Angel Oak High Yield Opportunities ETF in the 1st quarter worth approximately $244,000. Finally, Lewis Asset Management LLC purchased a new stake in shares of Angel Oak High Yield Opportunities ETF in the 1st quarter worth approximately $286,000.

Angel Oak High Yield Opportunities ETF Stock Up 0.2%

Shares of NASDAQ:AOHY traded up $0.02 during midday trading on Thursday, hitting $11.04. 259 shares of the stock traded hands, compared to its average volume of 61,092. The business’s 50 day moving average is $11.05 and its two-hundred day moving average is $11.10. The stock has a market capitalization of $120.45 million, a PE ratio of 2.33 and a beta of 0.19. Angel Oak High Yield Opportunities ETF has a one year low of $10.86 and a one year high of $11.29.

Angel Oak High Yield Opportunities ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Monday, June 1st. Investors of record on Friday, May 29th were issued a $0.0581 dividend. The ex-dividend date was Friday, May 29th.

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.