Angel Oak Income ETF (NASDAQ:CARY) Shares Shorted: Short Interest Up 274.9% in September

Angel Oak Income ETF (NASDAQ:CARY) was the target of a large growth in short interest in September. As of September 30th, there was short interest totaling 101,489 shares, a growth of 274.9% from the September 15th total of 27,070 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average trading volume of 487,155 shares, the days-to-cover ratio is currently 0.2 days.

Angel Oak Income ETF Price Performance

Shares of CARY remained flat at $20.17 during midday trading on Monday. The company’s stock had a trading volume of 212,802 shares, compared to its average volume of 418,927. The company’s fifty day moving average is $20.51 and its 200-day moving average is $20.70. Angel Oak Income ETF has a 12 month low of $20.07 and a 12 month high of $21.55.

Angel Oak Income ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, October 1st. Investors of record on Wednesday, September 30th were paid a $0.1025 dividend. This represents a $1.23 dividend on an annualized basis and a yield of 6.1%. This is a positive change from Angel Oak Income ETF’s previous monthly dividend of $0.0931. The ex-dividend date was Wednesday, September 30th.

Hedge Funds Weigh In On Angel Oak Income ETF

Institutional investors have recently modified their holdings of the company. Everest Financial Group LLC acquired a new stake in shares of Angel Oak Income ETF during the first quarter worth $255,000. Ameritas Advisory Services LLC acquired a new stake in Angel Oak Income ETF during the second quarter valued at $288,000. First Heartland Consultants Inc. acquired a new position in Angel Oak Income ETF in the third quarter worth approximately $320,000. Fifth Third Bancorp acquired a new stake in shares of Angel Oak Income ETF in the 1st quarter valued at $429,000. Finally, Vista Investment Partners LLC boosted its stake in shares of Angel Oak Income ETF by 10.1% during the 2nd quarter. Vista Investment Partners LLC now owns 21,291 shares of the company’s stock worth $442,000 after acquiring an additional 1,956 shares in the last quarter.

Angel Oak Income ETF Company Profile

The Angel Oak Income ETF (CARY) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund that aims for current income by broadly investing in USD-denominated fixed income securities with a tilt towards structured products and residential mortgage. Securities could be of any credit quality or maturity. CARY was launched on Nov 7, 2022 and is issued by Angel Oak.