Short Interest in Angel Oak High Yield Opportunities ETF (NASDAQ:AOHY) Declines By 75.9%

Angel Oak High Yield Opportunities ETF (NASDAQ:AOHY) saw a large decrease in short interest in May. As of May 31st, there was short interest totalling 7,900 shares, a decrease of 75.9% from the May 15th total of 32,800 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 51,100 shares, the short-interest ratio is currently 0.2 days.

Angel Oak High Yield Opportunities ETF Trading Down 0.1%

Angel Oak High Yield Opportunities ETF stock opened at $11.03 on Friday. The stock has a 50 day moving average of $10.91 and a 200-day moving average of $11.02. The stock has a market cap of $116.15 million and a P/E ratio of 2.33. Angel Oak High Yield Opportunities ETF has a 52 week low of $10.52 and a 52 week high of $11.47.

Angel Oak High Yield Opportunities ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Monday, June 2nd. Shareholders of record on Friday, May 30th were paid a dividend of $0.0582 per share. The ex-dividend date was Friday, May 30th.

Institutional Investors Weigh In On Angel Oak High Yield Opportunities ETF

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Angel Oak Capital Advisors LLC acquired a new stake in shares of Angel Oak High Yield Opportunities ETF in the 4th quarter valued at about $25,986,000. Arkadios Wealth Advisors raised its stake in Angel Oak High Yield Opportunities ETF by 5.0% during the first quarter. Arkadios Wealth Advisors now owns 1,930,290 shares of the company’s stock valued at $21,175,000 after buying an additional 91,637 shares in the last quarter. NewEdge Wealth LLC bought a new position in Angel Oak High Yield Opportunities ETF during the 4th quarter worth approximately $8,296,000. NewEdge Advisors LLC acquired a new position in shares of Angel Oak High Yield Opportunities ETF in the 4th quarter worth approximately $3,442,000. Finally, Envestnet Asset Management Inc. increased its holdings in shares of Angel Oak High Yield Opportunities ETF by 12.8% in the 4th quarter. Envestnet Asset Management Inc. now owns 287,439 shares of the company’s stock valued at $3,165,000 after acquiring an additional 32,547 shares during the last quarter.

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.