Short Interest in Angel Oak High Yield Opportunities ETF (NASDAQ:AOHY) Drops By 61.0%

Angel Oak High Yield Opportunities ETF (NASDAQ:AOHY) was the recipient of a significant drop in short interest during the month of February. As of February 13th, there was short interest totaling 7,365 shares, a drop of 61.0% from the January 29th total of 18,873 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average trading volume of 64,161 shares, the short-interest ratio is presently 0.1 days. Based on an average trading volume of 64,161 shares, the short-interest ratio is presently 0.1 days. Currently, 0.1% of the shares of the company are short sold.

Hedge Funds Weigh In On Angel Oak High Yield Opportunities ETF

Several institutional investors and hedge funds have recently modified their holdings of AOHY. Arkadios Wealth Advisors raised its stake in Angel Oak High Yield Opportunities ETF by 15.5% in the 4th quarter. Arkadios Wealth Advisors now owns 3,435,040 shares of the company’s stock worth $38,129,000 after purchasing an additional 461,380 shares in the last quarter. UBS Group AG increased its holdings in shares of Angel Oak High Yield Opportunities ETF by 24.9% during the fourth quarter. UBS Group AG now owns 423,291 shares of the company’s stock worth $4,699,000 after purchasing an additional 84,347 shares during the period. Envestnet Asset Management Inc. raised its position in shares of Angel Oak High Yield Opportunities ETF by 17.7% in the third quarter. Envestnet Asset Management Inc. now owns 312,145 shares of the company’s stock valued at $3,496,000 after buying an additional 46,971 shares in the last quarter. MML Investors Services LLC raised its position in shares of Angel Oak High Yield Opportunities ETF by 12.6% in the fourth quarter. MML Investors Services LLC now owns 243,110 shares of the company’s stock valued at $2,699,000 after buying an additional 27,119 shares in the last quarter. Finally, WBI Investments LLC boosted its stake in shares of Angel Oak High Yield Opportunities ETF by 126.7% in the second 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 period.

Angel Oak High Yield Opportunities ETF Trading Up 0.2%

Angel Oak High Yield Opportunities ETF stock opened at $11.19 on Thursday. The company has a market capitalization of $123.43 million, a price-to-earnings ratio of 2.33 and a beta of 0.22. Angel Oak High Yield Opportunities ETF has a 12 month low of $10.52 and a 12 month high of $11.29. The stock’s 50 day moving average is $11.17 and its 200-day moving average is $11.16.

Angel Oak High Yield Opportunities ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Monday, February 2nd. Stockholders of record on Friday, January 30th were issued a dividend of $0.0504 per share. The ex-dividend date of this dividend was Friday, January 30th. This represents a c) dividend on an annualized basis and a dividend yield of 5.4%.

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.