Angel Oak High Yield Opportunities ETF (NASDAQ:AOHY) Stock Short Interest Drops 35.2%

Angel Oak High Yield Opportunities ETF (NASDAQ:AOHY) was the recipient of a significant decline in short interest in September. As of September 30th, there was short interest totaling 61,732 shares, a decline of 35.2% from the September 15th total of 95,222 shares. Approximately 0.6% of the shares of the stock are short sold. Based on an average daily trading volume, of 43,662 shares, the short-interest ratio is presently 1.4 days.

Angel Oak High Yield Opportunities ETF Trading Up 0.4%

Shares of Angel Oak High Yield Opportunities ETF stock opened at $10.74 on Friday. The stock has a market capitalization of $116.42 million, a price-to-earnings ratio of 2.33 and a beta of 0.20. Angel Oak High Yield Opportunities ETF has a 1-year low of $10.58 and a 1-year high of $11.27. The firm’s 50-day moving average price is $10.92 and its two-hundred day moving average price is $11.00.

Angel Oak High Yield Opportunities ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, October 1st. Stockholders of record on Wednesday, September 30th were paid a $0.0628 dividend. This represents a $0.75 dividend on an annualized basis and a dividend yield of 7.0%. This is an increase from Angel Oak High Yield Opportunities ETF’s previous monthly dividend of $0.0594. The ex-dividend date was Wednesday, September 30th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Royal Bank of Canada boosted its holdings in shares of Angel Oak High Yield Opportunities ETF by 588.5% in the 1st quarter. Royal Bank of Canada now owns 12,910 shares of the company’s stock worth $141,000 after acquiring an additional 11,035 shares in the last quarter. IFP Advisors Inc increased its holdings in Angel Oak High Yield Opportunities ETF by 21.3% during the 2nd quarter. IFP Advisors Inc now owns 65,361 shares of the company’s stock valued at $719,000 after purchasing an additional 11,499 shares in the last quarter. Worth Asset Management LLC acquired a new stake in Angel Oak High Yield Opportunities ETF during the 2nd quarter valued at $227,000. Avantax Planning Partners Inc. acquired a new stake in Angel Oak High Yield Opportunities ETF during the 1st quarter valued at $244,000. Finally, Lewis Asset Management LLC acquired a new stake in Angel Oak High Yield Opportunities ETF during the 1st quarter valued at $286,000.

About Angel Oak High Yield Opportunities ETF

The Angel Oak High Yield Opportunities ETF (AOHY) is an exchange-traded fund that mostly invests in high yield fixed income. The fund is an actively managed fund that provides broad exposure to high-yield fixed-income securities, globally. The fund seeks a high level of current income, and to a lesser extent, capital appreciation. AOHY was launched on Feb 20, 2024 and is issued by Angel Oak.