Angel Oak UltraShort Income ETF (NASDAQ:UYLD) Sees Large Volume Increase – What’s Next?

Angel Oak UltraShort Income ETF (NASDAQ:UYLD) shares saw unusually-high trading volume on Wednesday . Approximately 493,282 shares changed hands during mid-day trading, an increase of 156% from the previous session’s volume of 192,403 shares.The stock last traded at $51.05 and had previously closed at $51.06.

Angel Oak UltraShort Income ETF Price Performance

The firm has a 50-day moving average of $51.11 and a 200-day moving average of $51.19.

Angel Oak UltraShort Income ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Monday, June 1st. Investors of record on Friday, May 29th were given a $0.1806 dividend. The ex-dividend date of this dividend was Friday, May 29th.

Institutional Investors Weigh In On Angel Oak UltraShort Income ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Transamerica Financial Advisors LLC grew its position in Angel Oak UltraShort Income ETF by 0.6% during the 4th quarter. Transamerica Financial Advisors LLC now owns 48,809 shares of the company’s stock worth $2,496,000 after purchasing an additional 277 shares during the period. Consolidated Portfolio Review Corp grew its position in Angel Oak UltraShort Income ETF by 1.8% during the 3rd quarter. Consolidated Portfolio Review Corp now owns 16,286 shares of the company’s stock worth $833,000 after purchasing an additional 286 shares during the period. Ieq Capital LLC grew its position in Angel Oak UltraShort Income ETF by 1.8% during the 4th quarter. Ieq Capital LLC now owns 17,850 shares of the company’s stock worth $913,000 after purchasing an additional 314 shares during the period. Royal Bank of Canada grew its position in Angel Oak UltraShort Income ETF by 76.0% during the 4th quarter. Royal Bank of Canada now owns 901 shares of the company’s stock worth $46,000 after purchasing an additional 389 shares during the period. Finally, NewEdge Advisors LLC grew its position in Angel Oak UltraShort Income ETF by 4.6% during the 1st quarter. NewEdge Advisors LLC now owns 8,936 shares of the company’s stock worth $457,000 after purchasing an additional 392 shares during the period.

Angel Oak UltraShort Income ETF Company Profile

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.