Angel Oak UltraShort Income ETF (NASDAQ:UYLD) Sees Significant Decline in Short Interest

Angel Oak UltraShort Income ETF (NASDAQ:UYLD) saw a large drop in short interest in the month of July. As of July 31st, there was short interest totaling 32,993 shares, a drop of 54.9% from the July 15th total of 73,149 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average trading volume of 133,511 shares, the short-interest ratio is presently 0.2 days.

Institutional Investors Weigh In On Angel Oak UltraShort Income ETF

Several large investors have recently modified their holdings of the stock. NewEdge Advisors LLC lifted its position in shares of 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 buying an additional 392 shares during the period. First Trust Advisors LP bought a new stake in Angel Oak UltraShort Income ETF in the second quarter valued at $397,000. Jane Street Group LLC acquired a new position in Angel Oak UltraShort Income ETF during the second quarter worth $3,288,000. Snowden Capital Advisors LLC lifted its holdings in shares of Angel Oak UltraShort Income ETF by 7.3% during the second quarter. Snowden Capital Advisors LLC now owns 8,222 shares of the company’s stock valued at $420,000 after acquiring an additional 560 shares during the period. Finally, Osaic Holdings Inc. lifted its holdings in shares of Angel Oak UltraShort Income ETF by 4.9% during the second quarter. Osaic Holdings Inc. now owns 16,396 shares of the company’s stock valued at $837,000 after acquiring an additional 761 shares during the period.

Angel Oak UltraShort Income ETF Price Performance

NASDAQ UYLD remained flat at $51.10 on Friday. 175,283 shares of the company were exchanged, compared to its average volume of 189,819. The company’s 50 day moving average price is $51.08 and its 200-day moving average price is $51.14. Angel Oak UltraShort Income ETF has a twelve month low of $50.96 and a twelve month high of $51.46.

Angel Oak UltraShort Income ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Monday, August 3rd. Shareholders of record on Friday, July 31st were issued a dividend of $0.1939 per share. The ex-dividend date of this dividend was Friday, July 31st.

About Angel Oak UltraShort Income ETF

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.