Angel Oak UltraShort Income ETF (NASDAQ:UYLD) Stock Short Interest Report for September

Angel Oak UltraShort Income ETF (NASDAQ:UYLD) was the target of a significant drop in short interest during the month of September. As of September 30th, there was short interest totaling 1,071 shares, a drop of 98.0% from the September 15th total of 54,644 shares. Based on an average daily volume of 199,259 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are sold short.

Angel Oak UltraShort Income ETF Stock Up 0.1%

NASDAQ:UYLD traded up $0.04 during mid-day trading on Friday, reaching $50.88. The stock had a trading volume of 494,273 shares, compared to its average volume of 251,494. Angel Oak UltraShort Income ETF has a 1-year low of $50.69 and a 1-year high of $51.40. The stock’s 50 day simple moving average is $50.99 and its two-hundred day simple moving average is $51.07.

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 given a $0.2304 dividend. This represents a $2.77 annualized dividend and a dividend yield of 5.4%. The ex-dividend date was Wednesday, September 30th. This is a positive change from Angel Oak UltraShort Income ETF’s previous monthly dividend of $0.1799.

Hedge Funds Weigh In On Angel Oak UltraShort Income ETF

Large investors have recently added to or reduced their stakes in the company. Worth Asset Management LLC boosted its position in Angel Oak UltraShort Income ETF by 6.3% during the 3rd quarter. Worth Asset Management LLC now owns 5,149 shares of the company’s stock valued at $261,000 after purchasing an additional 306 shares during the period. Mattson Financial Services LLC increased its position in Angel Oak UltraShort Income ETF by 3.8% in the fourth quarter. Mattson Financial Services LLC now owns 28,482 shares of the company’s stock worth $1,457,000 after buying an additional 1,050 shares during the period. Rockefeller Capital Management L.P. increased 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 worth $259,000 after buying an additional 1,176 shares during the period. NewEdge Advisors LLC increased its position in Angel Oak UltraShort Income ETF by 199.2% in the second quarter. NewEdge Advisors LLC now owns 2,115 shares of the company’s stock worth $108,000 after buying an additional 1,408 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its stake 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 during 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.