Angel Oak High Yield Opportunities ETF (NASDAQ:AOHY) Shares Shorted: Short Interest Down 49.0% in October

Angel Oak High Yield Opportunities ETF (NASDAQ:AOHY) was the recipient of a significant decline in short interest during the month of October. As of October 15th, there was short interest totaling 31,501 shares, a decline of 49.0% from the September 30th total of 61,732 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily volume of 42,328 shares, the days-to-cover ratio is presently 0.7 days.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of AOHY. Arkadios Wealth Advisors increased its position in shares of Angel Oak High Yield Opportunities ETF by 12.3% during the first quarter. Arkadios Wealth Advisors now owns 3,857,687 shares of the company’s stock worth $42,165,000 after purchasing an additional 422,647 shares in the last quarter. Breakwater Capital Group lifted its holdings in shares of Angel Oak High Yield Opportunities ETF by 119.6% in the 3rd quarter. Breakwater Capital Group now owns 246,528 shares of the company’s stock valued at $2,630,000 after purchasing an additional 134,274 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new stake in shares of Angel Oak High Yield Opportunities ETF in the 2nd quarter valued at about $476,000. Fifth Third Securities Inc. acquired a new stake in shares of Angel Oak High Yield Opportunities ETF in the 3rd quarter valued at about $343,000. Finally, Vise Technologies Inc. grew its stake in Angel Oak High Yield Opportunities ETF by 307.4% during the 3rd quarter. Vise Technologies Inc. now owns 41,857 shares of the company’s stock worth $447,000 after buying an additional 31,584 shares during the last quarter.

Angel Oak High Yield Opportunities ETF Stock Down 0.6%

Angel Oak High Yield Opportunities ETF stock traded down $0.07 during mid-day trading on Friday, hitting $10.72. The company had a trading volume of 337,844 shares, compared to its average volume of 59,343. The stock has a market cap of $116.20 million, a price-to-earnings ratio of 2.33 and a beta of 0.20. Angel Oak High Yield Opportunities ETF has a 1 year low of $10.58 and a 1 year high of $11.25. The business has a fifty day moving average of $10.85 and a 200 day moving average of $11.02.

Angel Oak High Yield Opportunities ETF’s stock is going to reverse split before the market opens on Monday, November 16th. The 1-5 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Sunday, November 15th.

Angel Oak High Yield Opportunities ETF Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Friday, October 30th will be issued a $0.0637 dividend. This represents a $0.76 annualized dividend and a dividend yield of 7.1%. The ex-dividend date is Friday, October 30th. This is a positive change from Angel Oak High Yield Opportunities ETF’s previous monthly dividend of $0.0628.

About Angel Oak High Yield Opportunities ETF

The Angel Oak High Yield Opportunities ETF (AOHY) is an exchange-traded fund that mostly invests in high yield fixed income. The fund is an actively managed fund that provides broad exposure to high-yield fixed-income securities, globally. The fund seeks a high level of current income, and to a lesser extent, capital appreciation. AOHY was launched on Feb 20, 2024 and is issued by Angel Oak.