Angel Oak Income ETF (NASDAQ:CARY) Sees Significant Decline in Short Interest

Angel Oak Income ETF (NASDAQ:CARY) saw a large drop in short interest in the month of July. As of July 31st, there was short interest totaling 66,634 shares, a drop of 65.4% from the July 15th total of 192,766 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily trading volume, of 304,522 shares, the days-to-cover ratio is currently 0.2 days.

Hedge Funds Weigh In On Angel Oak Income ETF

Several institutional investors have recently made changes to their positions in the stock. Truist Financial Corp boosted its position in shares of Angel Oak Income ETF by 0.6% during the 4th quarter. Truist Financial Corp now owns 95,399 shares of the company’s stock worth $1,987,000 after purchasing an additional 588 shares in the last quarter. J. Team Financial Inc. increased its position in Angel Oak Income ETF by 0.9% in the 4th quarter. J. Team Financial Inc. now owns 94,104 shares of the company’s stock valued at $1,960,000 after buying an additional 845 shares in the last quarter. Comerica Bank raised its stake in Angel Oak Income ETF by 10.4% during the 4th quarter. Comerica Bank now owns 10,193 shares of the company’s stock worth $212,000 after buying an additional 958 shares during the period. Hantz Financial Services Inc. acquired a new position in Angel Oak Income ETF during the 4th quarter worth approximately $30,000. Finally, Bank of America Corp DE bought a new position in Angel Oak Income ETF in the second quarter worth approximately $38,000.

Angel Oak Income ETF Stock Performance

Shares of NASDAQ:CARY traded down $0.02 during mid-day trading on Friday, hitting $20.71. The company had a trading volume of 194,939 shares, compared to its average volume of 412,778. Angel Oak Income ETF has a one year low of $20.58 and a one year high of $21.55. The firm has a fifty day moving average price of $20.76 and a 200 day moving average price of $20.84.

Angel Oak Income ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Monday, August 3rd. Shareholders of record on Friday, July 31st were issued a $0.1001 dividend. The ex-dividend date was Friday, July 31st.

About Angel Oak Income ETF

The Angel Oak Income ETF (CARY) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund that aims for current income by broadly investing in USD-denominated fixed income securities with a tilt towards structured products and residential mortgage. Securities could be of any credit quality or maturity. CARY was launched on Nov 7, 2022 and is issued by Angel Oak.