Angel Oak UltraShort Income ETF (NASDAQ:UYLD) Short Interest Down 63.4% in February

Angel Oak UltraShort Income ETF (NASDAQ:UYLD) was the recipient of a significant decrease in short interest in the month of February. As of February 27th, there was short interest totaling 25,268 shares, a decrease of 63.4% from the February 12th total of 69,061 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily volume of 138,554 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily volume of 138,554 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the company’s shares are sold short.

Hedge Funds Weigh In On Angel Oak UltraShort Income ETF

A number of hedge funds have recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. bought a new position in shares of Angel Oak UltraShort Income ETF during the fourth quarter valued at about $27,000. MAI Capital Management bought a new stake in shares of Angel Oak UltraShort Income ETF in the third quarter worth about $28,000. Royal Bank of Canada increased its holdings in Angel Oak UltraShort Income ETF by 76.0% during the 4th quarter. Royal Bank of Canada now owns 901 shares of the company’s stock valued at $46,000 after purchasing an additional 389 shares during the period. JPMorgan Chase & Co. increased its holdings in Angel Oak UltraShort Income ETF by 46,300.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,392 shares of the company’s stock valued at $71,000 after purchasing an additional 1,389 shares during the period. Finally, Wealthcare Advisory Partners LLC bought a new position in Angel Oak UltraShort Income ETF during the 3rd quarter valued at approximately $230,000.

Angel Oak UltraShort Income ETF Stock Performance

Shares of Angel Oak UltraShort Income ETF stock opened at $51.21 on Wednesday. Angel Oak UltraShort Income ETF has a 52-week low of $50.74 and a 52-week high of $51.46. The company’s 50 day moving average price is $51.23 and its 200-day moving average price is $51.24.

Angel Oak UltraShort Income ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Monday, March 2nd. Shareholders of record on Friday, February 27th were given a dividend of $0.159 per share. The ex-dividend date of this dividend was Friday, February 27th. This represents a c) annualized dividend and a yield of 3.7%.

About Angel Oak UltraShort Income ETF

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.