Angel Oak UltraShort Income ETF (NASDAQ:UYLD) Sees Strong Trading Volume – Time to Buy?

Shares of Angel Oak UltraShort Income ETF (NASDAQ:UYLD) saw unusually-strong trading volume on Wednesday . 599,916 shares were traded during mid-day trading, an increase of 222% from the previous session’s volume of 186,097 shares.The stock last traded at $50.99 and had previously closed at $50.97.

Angel Oak UltraShort Income ETF Stock Performance

The firm’s 50 day moving average price is $51.09 and its two-hundred day moving average price is $51.13.

Angel Oak UltraShort Income ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Tuesday, September 1st. Investors of record on Monday, August 31st were paid a $0.1799 dividend. The ex-dividend date was Monday, August 31st.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in UYLD. Concurrent Investment Advisors LLC boosted its position in shares of Angel Oak UltraShort Income ETF by 48.9% in the second quarter. Concurrent Investment Advisors LLC now owns 117,766 shares of the company’s stock valued at $6,007,000 after acquiring an additional 38,654 shares during the period. Mason & Associates Inc raised its stake in Angel Oak UltraShort Income ETF by 455.7% in the 2nd quarter. Mason & Associates Inc now owns 268,513 shares of the company’s stock worth $13,696,000 after purchasing an additional 220,191 shares in the last quarter. M Holdings Securities Inc. acquired a new stake in Angel Oak UltraShort Income ETF in the 2nd quarter worth about $586,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its holdings in Angel Oak UltraShort Income ETF by 68.4% in the 2nd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 10,711 shares of the company’s stock valued at $546,000 after purchasing an additional 4,352 shares during the period. Finally, Wealthcare Advisory Partners LLC grew its position in shares of Angel Oak UltraShort Income ETF by 2,031.5% during the 2nd quarter. Wealthcare Advisory Partners LLC now owns 108,896 shares of the company’s stock worth $5,554,000 after purchasing an additional 103,787 shares in the last quarter.

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.