Angel Oak Income ETF (NASDAQ:CARY) Short Interest Update

Angel Oak Income ETF (NASDAQ:CARY) saw a large growth in short interest in August. As of August 14th, there was short interest totaling 258,993 shares, a growth of 288.7% from the July 30th total of 66,634 shares. Approximately 0.4% of the company’s shares are short sold. Based on an average trading volume of 645,343 shares, the days-to-cover ratio is presently 0.4 days.

Hedge Funds Weigh In On Angel Oak Income ETF

A number of institutional investors and hedge funds have recently made changes to their positions in CARY. Bank of America Corp DE grew its stake in shares of Angel Oak Income ETF by 103,779.5% in the 1st quarter. Bank of America Corp DE now owns 4,951,934 shares of the company’s stock valued at $102,862,000 after buying an additional 4,947,167 shares during the period. Morgan Stanley raised its stake in Angel Oak Income ETF by 49.8% during the 4th quarter. Morgan Stanley now owns 4,791,541 shares of the company’s stock worth $99,786,000 after buying an additional 1,593,932 shares during the period. Wells Fargo & Company MN raised its stake in Angel Oak Income ETF by 5.5% during the 4th quarter. Wells Fargo & Company MN now owns 3,915,782 shares of the company’s stock worth $81,548,000 after buying an additional 204,673 shares during the period. Arkadios Wealth Advisors boosted its holdings in Angel Oak Income ETF by 13.7% in the first quarter. Arkadios Wealth Advisors now owns 3,562,484 shares of the company’s stock worth $74,003,000 after acquiring an additional 428,745 shares in the last quarter. Finally, IFC Advisors LLC bought a new position in Angel Oak Income ETF in the first quarter worth approximately $61,717,000.

Angel Oak Income ETF Trading Down 0.1%

Angel Oak Income ETF stock opened at $20.71 on Friday. Angel Oak Income ETF has a 12-month low of $20.58 and a 12-month high of $21.55. The firm’s fifty day moving average is $20.74 and its 200 day moving average is $20.83.

Angel Oak Income ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Monday, August 3rd. Shareholders of record on Friday, July 31st were paid a $0.1001 dividend. The ex-dividend date of this dividend was Friday, July 31st.

Angel Oak Income ETF Company Profile

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.