Angel Oak UltraShort Income ETF (NASDAQ:UYLD) Shares Shorted: Short Interest Up 7,252.8% in October

Angel Oak UltraShort Income ETF (NASDAQ:UYLD) was the target of a large increase in short interest in October. As of October 15th, there was short interest totaling 78,748 shares, an increase of 7,252.8% from the September 30th total of 1,071 shares. Currently, 0.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 243,810 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Investors Weigh In On Angel Oak UltraShort Income ETF

A number of hedge funds have recently made changes to their positions in the company. NewEdge Advisors LLC increased its position in shares of Angel Oak UltraShort Income ETF by 199.2% during the 2nd quarter. NewEdge Advisors LLC now owns 2,115 shares of the company’s stock worth $108,000 after purchasing an additional 1,408 shares in the last quarter. Worth Asset Management LLC acquired a new position in Angel Oak UltraShort Income ETF in the second quarter valued at about $247,000. Rockefeller Capital Management L.P. boosted its position in Angel Oak UltraShort Income ETF by 30.3% in the fourth quarter. Rockefeller Capital Management L.P. now owns 5,058 shares of the company’s stock valued at $259,000 after buying an additional 1,176 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in Angel Oak UltraShort Income ETF by 37.8% in the first quarter. EverSource Wealth Advisors LLC now owns 10,333 shares of the company’s stock valued at $527,000 after buying an additional 2,834 shares in the last quarter. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its stake in Angel Oak UltraShort Income ETF by 68.4% during the second quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 10,711 shares of the company’s stock worth $546,000 after buying an additional 4,352 shares during the last quarter.

Angel Oak UltraShort Income ETF Stock Performance

NASDAQ:UYLD traded up $0.01 during trading hours on Monday, reaching $50.98. The company had a trading volume of 188,681 shares, compared to its average volume of 251,633. The stock has a 50-day moving average of $50.96 and a two-hundred day moving average of $51.05. Angel Oak UltraShort Income ETF has a one year low of $50.69 and a one year high of $51.40.

Angel Oak UltraShort Income ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, October 1st. Stockholders of record on Wednesday, September 30th were issued a $0.2304 dividend. This represents a $2.77 annualized dividend and a dividend yield of 5.4%. The ex-dividend date of this dividend was Wednesday, September 30th. This is a positive change from Angel Oak UltraShort Income ETF’s previous monthly dividend of $0.1799.

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.