Angel Oak UltraShort Income ETF (NASDAQ:UYLD) Reaches New 52-Week Low – What’s Next?

Angel Oak UltraShort Income ETF (NASDAQ:UYLD)’s stock price hit 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. The stock had previously closed at $51.01.

Angel Oak UltraShort Income ETF Stock Up 0.0%

The stock has a fifty day moving average of $51.07 and a two-hundred day moving average of $51.11.

Angel Oak UltraShort Income ETF Cuts Dividend

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

Institutional Investors Weigh In On Angel Oak UltraShort Income ETF

Hedge funds have recently added to or reduced their stakes in the business. NewEdge Advisors LLC boosted its holdings in shares of Angel Oak UltraShort Income ETF by 4.6% during the 1st quarter. NewEdge Advisors LLC now owns 8,936 shares of the company’s stock worth $457,000 after buying an additional 392 shares in the last quarter. First Trust Advisors LP bought a new stake in shares of Angel Oak UltraShort Income ETF in the 2nd quarter valued at $397,000. Jane Street Group LLC bought a new stake in shares of Angel Oak UltraShort Income ETF in the 2nd quarter valued at $3,288,000. Snowden Capital Advisors LLC lifted its position in shares of 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 valued at $420,000 after acquiring an additional 560 shares during the period. Finally, Osaic Holdings Inc. lifted its position in shares of 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 valued at $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.