Angel Oak High Yield Opportunities ETF (NASDAQ:AOHY) Short Interest Update

Angel Oak High Yield Opportunities ETF (NASDAQ:AOHY) was the recipient of a large decrease in short interest during the month of December. As of December 31st, there was short interest totaling 16,934 shares, a decrease of 48.7% from the December 15th total of 32,980 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily volume of 56,866 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily volume of 56,866 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.2% of the company’s stock are short sold.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in AOHY. Farther Finance Advisors LLC purchased a new stake in Angel Oak High Yield Opportunities ETF in the second quarter valued at about $35,000. Raymond James Financial Inc. acquired a new position in shares of Angel Oak High Yield Opportunities ETF during the second quarter valued at about $62,000. AE Wealth Management LLC boosted its stake in Angel Oak High Yield Opportunities ETF by 657.4% in the 3rd quarter. AE Wealth Management LLC now owns 10,353 shares of the company’s stock worth $116,000 after purchasing an additional 8,986 shares in the last quarter. Ausdal Financial Partners Inc. acquired a new stake in Angel Oak High Yield Opportunities ETF in the 3rd quarter worth approximately $122,000. Finally, Moloney Securities Asset Management LLC purchased a new stake in Angel Oak High Yield Opportunities ETF during the 2nd quarter worth approximately $139,000.

Angel Oak High Yield Opportunities ETF Stock Performance

AOHY stock opened at $11.16 on Thursday. Angel Oak High Yield Opportunities ETF has a one year low of $10.52 and a one year high of $11.29. The firm has a market cap of $122.54 million, a price-to-earnings ratio of 2.33 and a beta of 0.22. The firm has a 50-day simple moving average of $11.12 and a two-hundred day simple moving average of $11.15.

Angel Oak High Yield Opportunities ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Friday, January 2nd. Shareholders of record on Wednesday, December 31st were paid a $0.0751 dividend. This represents a c) annualized dividend and a yield of 8.1%. This is a positive change from Angel Oak High Yield Opportunities ETF’s previous monthly dividend of $0.05. The ex-dividend date was Wednesday, December 31st.

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.