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

Angel Oak High Yield Opportunities ETF (NASDAQ:AOHY) was the recipient of a significant growth in short interest during the month of March. As of March 13th, there was short interest totaling 29,656 shares, a growth of 31.1% from the February 26th total of 22,627 shares. Based on an average daily volume of 48,428 shares, the short-interest ratio is currently 0.6 days. Currently, 0.3% of the shares of the company are sold short.

Hedge Funds Weigh In On Angel Oak High Yield Opportunities ETF

Institutional investors and hedge funds have recently modified their holdings of the company. Raymond James Financial Inc. bought a new stake in shares of Angel Oak High Yield Opportunities ETF in the second quarter worth $62,000. AE Wealth Management LLC lifted its holdings in Angel Oak High Yield Opportunities ETF by 657.4% in the third quarter. AE Wealth Management LLC now owns 10,353 shares of the company’s stock valued at $116,000 after acquiring an additional 8,986 shares during the period. Ausdal Financial Partners Inc. purchased a new position in Angel Oak High Yield Opportunities ETF in the third quarter worth about $122,000. Kestra Advisory Services LLC purchased a new position in Angel Oak High Yield Opportunities ETF in the fourth quarter worth about $140,000. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new stake in shares of Angel Oak High Yield Opportunities ETF during the 3rd quarter valued at about $164,000.

Angel Oak High Yield Opportunities ETF Stock Performance

Shares of AOHY stock opened at $10.87 on Monday. Angel Oak High Yield Opportunities ETF has a 12-month low of $10.52 and a 12-month high of $11.29. The firm’s 50 day moving average is $11.11 and its 200 day moving average is $11.13. The stock has a market capitalization of $119.90 million, a P/E ratio of 2.33 and a beta of 0.22.

Angel Oak High Yield Opportunities ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Monday, March 2nd. Stockholders of record on Friday, February 27th were issued a dividend of $0.0514 per share. This represents a c) annualized dividend and a dividend yield of 5.7%. The ex-dividend date of this dividend was Friday, February 27th. This is a positive change from Angel Oak High Yield Opportunities ETF’s previous monthly dividend of $0.05.

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.