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

Angel Oak UltraShort Income ETF (NASDAQ:UYLD) was the recipient of a large decline in short interest in December. As of December 15th, there was short interest totaling 51,646 shares, a decline of 63.0% from the November 30th total of 139,419 shares. Based on an average daily trading volume, of 134,156 shares, the short-interest ratio is currently 0.4 days. Approximately 0.2% of the shares of the company are sold short. Approximately 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 134,156 shares, the short-interest ratio is currently 0.4 days.

Angel Oak UltraShort Income ETF Trading Up 0.1%

Shares of NASDAQ:UYLD opened at $51.33 on Friday. The stock has a 50 day moving average of $51.23 and a 200 day moving average of $51.22. Angel Oak UltraShort Income ETF has a 12-month low of $50.74 and a 12-month high of $51.46.

Angel Oak UltraShort Income ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, December 1st. Stockholders of record on Friday, November 28th were paid a $0.1756 dividend. The ex-dividend date of this dividend was Friday, November 28th. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Consolidated Portfolio Review Corp raised its holdings in Angel Oak UltraShort Income ETF by 1.8% during the third quarter. Consolidated Portfolio Review Corp now owns 16,286 shares of the company’s stock valued at $833,000 after acquiring an additional 286 shares during the period. NewEdge Advisors LLC grew its position in shares of Angel Oak UltraShort Income ETF by 4.6% during the first quarter. NewEdge Advisors LLC now owns 8,936 shares of the company’s stock worth $457,000 after purchasing an additional 392 shares in the last quarter. TradeWell Securities LLC. raised its stake in Angel Oak UltraShort Income ETF by 1.8% during the 2nd quarter. TradeWell Securities LLC. now owns 23,349 shares of the company’s stock valued at $1,192,000 after purchasing an additional 411 shares during the period. MAI Capital Management bought a new stake in Angel Oak UltraShort Income ETF during the 3rd quarter valued at approximately $28,000. Finally, Snowden Capital Advisors LLC lifted its holdings in Angel Oak UltraShort Income ETF by 7.3% in the 2nd quarter. Snowden Capital Advisors LLC now owns 8,222 shares of the company’s stock worth $420,000 after purchasing an additional 560 shares in the last quarter.

Angel Oak UltraShort Income ETF Company Profile

The Angel Oak UltraShort Income ETF (UYLD) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund actively invests in a broad portfolio of fixed income securities of various credit qualities. Selection is based on fundamental analysis and managed to provide a dollar-weighted average maturity of less than two years UYLD was launched on Oct 24, 2022 and is issued by Angel Oak.