Angel Oak UltraShort Income ETF (NASDAQ:UYLD) Short Interest Update

Angel Oak UltraShort Income ETF (NASDAQ:UYLD) was the recipient of a significant drop in short interest during the month of January. As of January 15th, there was short interest totaling 40,567 shares, a drop of 29.2% from the December 31st total of 57,325 shares. Based on an average daily trading volume, of 156,683 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.2% of the shares of the company are short sold. Currently, 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 156,683 shares, the days-to-cover ratio is currently 0.3 days.

Hedge Funds Weigh In On Angel Oak UltraShort Income ETF

A number of large investors have recently bought and sold shares of UYLD. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Angel Oak UltraShort Income ETF by 11.6% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 10,912,606 shares of the company’s stock worth $558,344,000 after acquiring an additional 1,133,106 shares during the period. Gradient Investments LLC purchased a new position in Angel Oak UltraShort Income ETF during the third quarter worth about $71,962,000. Focus Partners Wealth lifted its position in Angel Oak UltraShort Income ETF by 4.9% in the third quarter. Focus Partners Wealth now owns 1,130,839 shares of the company’s stock valued at $57,837,000 after purchasing an additional 53,130 shares during the period. UBS Group AG boosted its holdings in Angel Oak UltraShort Income ETF by 11.6% in the 4th quarter. UBS Group AG now owns 803,675 shares of the company’s stock valued at $41,104,000 after purchasing an additional 83,669 shares in the last quarter. Finally, Richard P Slaughter Associates Inc increased its position in Angel Oak UltraShort Income ETF by 2.8% during the 4th quarter. Richard P Slaughter Associates Inc now owns 667,844 shares of the company’s stock worth $34,157,000 after purchasing an additional 17,887 shares during the period.

Angel Oak UltraShort Income ETF Stock Down 0.3%

UYLD opened at $51.17 on Friday. Angel Oak UltraShort Income ETF has a 52 week low of $50.74 and a 52 week high of $51.46. The business has a 50 day moving average price of $51.23 and a two-hundred day moving average price of $51.23.

Angel Oak UltraShort Income ETF Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, February 2nd. Investors of record on Friday, January 30th will be issued a dividend of $0.1689 per share. The ex-dividend date of this dividend is Friday, January 30th. This represents a c) annualized dividend and a dividend yield of 4.0%.

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.