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

Angel Oak Income ETF (NASDAQ:CARY) was the recipient of a significant drop in short interest in July. As of July 31st, there was short interest totaling 66,634 shares, a drop of 65.4% from the July 15th total of 192,766 shares. Based on an average daily volume of 304,522 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the company’s stock are short sold.

Angel Oak Income ETF Stock Performance

NASDAQ:CARY traded down $0.01 during trading hours on Friday, reaching $20.72. The company’s stock had a trading volume of 60,540 shares, compared to its average volume of 411,846. The stock has a 50 day moving average price of $20.76 and a two-hundred day moving average price of $20.84. Angel Oak Income ETF has a 12 month low of $20.58 and a 12 month high of $21.55.

Angel Oak Income ETF Cuts Dividend

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

Institutional Investors Weigh In On Angel Oak Income ETF

A number of institutional investors have recently added to or reduced their stakes in CARY. Truist Financial Corp grew its stake in Angel Oak Income ETF by 0.6% in the fourth quarter. Truist Financial Corp now owns 95,399 shares of the company’s stock valued at $1,987,000 after purchasing an additional 588 shares during the last quarter. J. Team Financial Inc. grew its position in shares of Angel Oak Income ETF by 0.9% in the 4th quarter. J. Team Financial Inc. now owns 94,104 shares of the company’s stock worth $1,960,000 after buying an additional 845 shares during the last quarter. Comerica Bank grew its position in shares of Angel Oak Income ETF by 10.4% in the 4th quarter. Comerica Bank now owns 10,193 shares of the company’s stock worth $212,000 after buying an additional 958 shares during the last quarter. Hantz Financial Services Inc. bought a new position in shares of Angel Oak Income ETF during the 4th quarter worth approximately $30,000. Finally, Bank of America Corp DE bought a new position in shares of Angel Oak Income ETF during the 2nd quarter worth approximately $38,000.

About Angel Oak Income ETF

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.