Angel Oak High Yield Opportunities ETF Shares to Reverse Split on Monday, November 16th (NASDAQ:AOHY)

Angel Oak High Yield Opportunities ETF (NASDAQ:AOHY) shares are going to reverse split before the market opens on Monday, November 16th. The 1-5 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Sunday, November 15th.

Angel Oak High Yield Opportunities ETF Stock Down 0.3%

NASDAQ:AOHY opened at $10.69 on Wednesday. The company’s 50 day moving average price is $10.84 and its 200-day moving average price is $11.01. Angel Oak High Yield Opportunities ETF has a 52 week low of $10.58 and a 52 week high of $11.25. The stock has a market cap of $115.88 million, a price-to-earnings ratio of 2.33 and a beta of 0.20.

Angel Oak High Yield Opportunities ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, November 2nd. Investors of record on Friday, October 30th were issued a $0.0637 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 7.2%. The ex-dividend date was Friday, October 30th. This is an increase from Angel Oak High Yield Opportunities ETF’s previous monthly dividend of $0.0628.

Institutional Trading of Angel Oak High Yield Opportunities ETF

A number of institutional investors and hedge funds have recently modified their holdings of the business. Arkadios Wealth Advisors lifted its holdings in shares of Angel Oak High Yield Opportunities ETF by 12.3% during the first quarter. Arkadios Wealth Advisors now owns 3,857,687 shares of the company’s stock valued at $42,165,000 after purchasing an additional 422,647 shares in the last quarter. Breakwater Capital Group boosted its position in shares of Angel Oak High Yield Opportunities ETF by 119.6% during the third quarter. Breakwater Capital Group now owns 246,528 shares of the company’s stock valued at $2,630,000 after buying an additional 134,274 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new stake in Angel Oak High Yield Opportunities ETF in the 2nd quarter worth about $476,000. Fifth Third Securities Inc. bought a new stake in Angel Oak High Yield Opportunities ETF in the 3rd quarter worth about $343,000. Finally, Vise Technologies Inc. increased its holdings in Angel Oak High Yield Opportunities ETF by 307.4% in the 3rd quarter. Vise Technologies Inc. now owns 41,857 shares of the company’s stock worth $447,000 after buying an additional 31,584 shares in the last quarter.

Angel Oak High Yield Opportunities ETF Company Profile

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.