Short Interest in Angel Oak UltraShort Income ETF (NASDAQ:UYLD) Grows By 88.8%

Angel Oak UltraShort Income ETF (NASDAQ:UYLD) was the recipient of a large increase in short interest in January. As of January 30th, there was short interest totaling 76,606 shares, an increase of 88.8% from the January 15th total of 40,567 shares. Based on an average daily volume of 210,533 shares, the short-interest ratio is presently 0.4 days. Currently, 0.3% of the shares of the company are short sold. Currently, 0.3% of the shares of the company are short sold. Based on an average daily volume of 210,533 shares, the short-interest ratio is presently 0.4 days.

Angel Oak UltraShort Income ETF Trading Up 0.0%

NASDAQ UYLD opened at $51.26 on Friday. The company has a 50 day moving average of $51.23 and a 200-day moving average of $51.23. Angel Oak UltraShort Income ETF has a 1-year low of $50.74 and a 1-year high of $51.46.

Angel Oak UltraShort Income ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, February 2nd. Shareholders of record on Friday, January 30th were issued a $0.1689 dividend. The ex-dividend date of this dividend was Friday, January 30th. This represents a c) annualized dividend and a yield of 4.0%.

Institutional Trading of Angel Oak UltraShort Income ETF

Several large investors have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. bought a new position in shares of Angel Oak UltraShort Income ETF in the fourth quarter worth $27,000. MAI Capital Management acquired a new stake in Angel Oak UltraShort Income ETF during the third quarter worth about $28,000. JPMorgan Chase & Co. increased its holdings in Angel Oak UltraShort Income ETF by 46,300.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,392 shares of the company’s stock valued at $71,000 after buying an additional 1,389 shares during the period. Wealthcare Advisory Partners LLC bought a new position in Angel Oak UltraShort Income ETF in the 3rd quarter valued at about $230,000. Finally, A4 Wealth Advisors LLC acquired a new position in shares of Angel Oak UltraShort Income ETF in the 3rd quarter valued at approximately $240,000.

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.