Angel Oak High Yield Opportunities ETF (NASDAQ:AOHY) Sees Significant Increase in Short Interest

Angel Oak High Yield Opportunities ETF (NASDAQ:AOHY) saw a large growth in short interest in December. As of December 15th, there was short interest totaling 32,980 shares, a growth of 120.5% from the November 30th total of 14,960 shares. Based on an average daily volume of 45,387 shares, the short-interest ratio is currently 0.7 days. Approximately 0.3% of the company’s shares are short sold. Approximately 0.3% of the company’s shares are short sold. Based on an average daily volume of 45,387 shares, the short-interest ratio is currently 0.7 days.

Angel Oak High Yield Opportunities ETF Price Performance

Shares of AOHY stock opened at $11.19 on Friday. Angel Oak High Yield Opportunities ETF has a 1-year low of $10.52 and a 1-year high of $11.41. The business has a 50-day moving average of $11.12 and a 200 day moving average of $11.14. The stock has a market capitalization of $129.36 million, a PE ratio of 2.33 and a beta of 0.22.

Angel Oak High Yield Opportunities ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, December 1st. Shareholders of record on Friday, November 28th were given a dividend of $0.0525 per share. The ex-dividend date of this dividend was Friday, November 28th. This represents a c) dividend on an annualized basis and a yield of 5.6%.

Hedge Funds Weigh In On Angel Oak High Yield Opportunities ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Arkadios Wealth Advisors raised its holdings in Angel Oak High Yield Opportunities ETF by 38.5% in the third quarter. Arkadios Wealth Advisors now owns 2,973,660 shares of the company’s stock worth $33,305,000 after purchasing an additional 827,302 shares in the last quarter. UBS Group AG increased its holdings in shares of Angel Oak High Yield Opportunities ETF by 16.4% in the 3rd quarter. UBS Group AG now owns 338,944 shares of the company’s stock worth $3,796,000 after purchasing an additional 47,822 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of Angel Oak High Yield Opportunities ETF by 17.7% during the 3rd quarter. Envestnet Asset Management Inc. now owns 312,145 shares of the company’s stock valued at $3,496,000 after acquiring an additional 46,971 shares during the last quarter. WBI Investments LLC raised its stake in Angel Oak High Yield Opportunities ETF by 126.7% during the 2nd quarter. WBI Investments LLC now owns 187,233 shares of the company’s stock valued at $2,085,000 after buying an additional 104,638 shares during the last quarter. Finally, Jane Street Group LLC lifted its holdings in Angel Oak High Yield Opportunities ETF by 79.7% in the first quarter. Jane Street Group LLC now owns 85,907 shares of the company’s stock valued at $942,000 after acquiring an additional 38,090 shares during the period.

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.