Short Interest in Angel Oak Income ETF (NASDAQ:CARY) Grows By 76.6%

Angel Oak Income ETF (NASDAQ:CARY) was the recipient of a significant increase in short interest in April. As of April 30th, there was short interest totaling 178,913 shares, an increase of 76.6% from the April 15th total of 101,284 shares. Approximately 0.3% of the company’s stock are sold short. Based on an average daily trading volume, of 559,492 shares, the short-interest ratio is currently 0.3 days.

Angel Oak Income ETF Stock Performance

Shares of NASDAQ CARY opened at $20.75 on Monday. The firm’s 50 day moving average price is $20.86 and its 200-day moving average price is $20.92. Angel Oak Income ETF has a 52-week low of $20.51 and a 52-week high of $21.55.

Angel Oak Income ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, May 1st. Stockholders of record on Thursday, April 30th were issued a dividend of $0.0934 per share. The ex-dividend date of this dividend was Thursday, April 30th.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. Morgan Stanley raised its holdings in shares of Angel Oak Income ETF by 49.8% during the fourth quarter. Morgan Stanley now owns 4,791,541 shares of the company’s stock valued at $99,786,000 after purchasing an additional 1,593,932 shares during the last quarter. Wells Fargo & Company MN raised its holdings in shares of Angel Oak Income ETF by 5.5% during the fourth quarter. Wells Fargo & Company MN now owns 3,915,782 shares of the company’s stock valued at $81,548,000 after purchasing an additional 204,673 shares during the last quarter. Arkadios Wealth Advisors raised its holdings in shares of Angel Oak Income ETF by 7.8% during the fourth quarter. Arkadios Wealth Advisors now owns 3,133,739 shares of the company’s stock valued at $65,262,000 after purchasing an additional 227,114 shares during the last quarter. IFC Advisors LLC purchased a new position in shares of Angel Oak Income ETF during the first quarter valued at approximately $61,717,000. Finally, UBS Group AG raised its holdings in shares of Angel Oak Income ETF by 44.9% during the fourth quarter. UBS Group AG now owns 2,174,367 shares of the company’s stock valued at $45,283,000 after purchasing an additional 673,805 shares during the last quarter.

About Angel Oak Income ETF

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.