Short Interest in Angel Oak UltraShort Income ETF (NASDAQ:UYLD) Expands By 134.7%

Angel Oak UltraShort Income ETF (NASDAQ:UYLD) saw a large growth in short interest during the month of May. As of May 29th, there was short interest totaling 80,367 shares, a growth of 134.7% from the May 14th total of 34,248 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average daily volume of 189,732 shares, the short-interest ratio is presently 0.4 days.

Institutional Investors Weigh In On Angel Oak UltraShort Income ETF

Several hedge funds have recently bought and sold shares of UYLD. Transamerica Financial Advisors LLC boosted its holdings in shares of Angel Oak UltraShort Income ETF by 0.6% during the fourth quarter. Transamerica Financial Advisors LLC now owns 48,809 shares of the company’s stock worth $2,496,000 after acquiring an additional 277 shares during the period. Consolidated Portfolio Review Corp boosted its holdings in shares of Angel Oak UltraShort Income ETF by 1.8% during the third quarter. Consolidated Portfolio Review Corp now owns 16,286 shares of the company’s stock worth $833,000 after acquiring an additional 286 shares during the period. Ieq Capital LLC boosted its holdings in shares of Angel Oak UltraShort Income ETF by 1.8% during the fourth quarter. Ieq Capital LLC now owns 17,850 shares of the company’s stock worth $913,000 after acquiring an additional 314 shares during the period. Royal Bank of Canada boosted its holdings in shares of Angel Oak UltraShort Income ETF by 76.0% during the fourth quarter. Royal Bank of Canada now owns 901 shares of the company’s stock worth $46,000 after acquiring an additional 389 shares during the period. Finally, NewEdge Advisors LLC boosted its holdings in shares of Angel Oak UltraShort Income ETF by 4.6% during the first quarter. NewEdge Advisors LLC now owns 8,936 shares of the company’s stock worth $457,000 after acquiring an additional 392 shares during the period.

Angel Oak UltraShort Income ETF Stock Performance

Angel Oak UltraShort Income ETF stock opened at $51.10 on Monday. The company’s 50-day moving average is $51.11 and its 200-day moving average is $51.18. Angel Oak UltraShort Income ETF has a fifty-two week low of $50.99 and a fifty-two week high of $51.46.

Angel Oak UltraShort Income ETF Cuts Dividend

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

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.