Short Interest in Angel Oak High Yield Opportunities ETF (NASDAQ:AOHY) Grows By 962.1%

Angel Oak High Yield Opportunities ETF (NASDAQ:AOHY) was the recipient of a large growth in short interest in April. As of April 15th, there was short interest totaling 22,772 shares, a growth of 962.1% from the March 31st total of 2,144 shares. Currently, 0.2% of the company’s shares are short sold. Based on an average daily volume of 144,364 shares, the days-to-cover ratio is currently 0.2 days.

Hedge Funds Weigh In On Angel Oak High Yield Opportunities ETF

A number of institutional investors have recently bought and sold shares of AOHY. Jane Street Group LLC increased its stake in Angel Oak High Yield Opportunities ETF by 79.7% in the 1st quarter. Jane Street Group LLC now owns 85,907 shares of the company’s stock worth $942,000 after purchasing an additional 38,090 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Angel Oak High Yield Opportunities ETF in the 2nd quarter worth about $62,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new position in Angel Oak High Yield Opportunities ETF in the 3rd quarter worth about $164,000. Arkadios Wealth Advisors increased its stake in Angel Oak High Yield Opportunities ETF by 38.5% in the 3rd quarter. Arkadios Wealth Advisors now owns 2,973,660 shares of the company’s stock worth $33,305,000 after purchasing an additional 827,302 shares in the last quarter. Finally, PFG Investments LLC increased its stake in Angel Oak High Yield Opportunities ETF by 10.2% in the 3rd quarter. PFG Investments LLC now owns 36,913 shares of the company’s stock worth $413,000 after purchasing an additional 3,416 shares in the last quarter.

Angel Oak High Yield Opportunities ETF Stock Performance

AOHY traded up $0.01 during trading on Friday, reaching $11.11. The company had a trading volume of 27,802 shares, compared to its average volume of 67,277. The firm’s 50-day simple moving average is $11.06 and its 200 day simple moving average is $11.11. The company has a market cap of $119.77 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 $10.81 and a 12-month high of $11.29.

Angel Oak High Yield Opportunities ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, April 1st. Investors of record on Tuesday, March 31st were paid a $0.0723 dividend. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a c) dividend on an annualized basis and a yield of 7.8%. This is an increase from Angel Oak High Yield Opportunities ETF’s previous monthly dividend of $0.05.

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.