Short Interest in Angel Oak Income ETF (NASDAQ:CARY) Increases By 288.7%

Angel Oak Income ETF (NASDAQ:CARY) was the target of a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 258,993 shares, a growth of 288.7% from the July 30th total of 66,634 shares. Based on an average daily volume of 645,343 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.4% of the shares of the stock are sold short.

Hedge Funds Weigh In On Angel Oak Income ETF

Hedge funds have recently added to or reduced their stakes in the stock. Hantz Financial Services Inc. purchased a new position in shares of Angel Oak Income ETF during the fourth quarter worth approximately $30,000. Bank of America Corp DE purchased a new position in Angel Oak Income ETF during the 2nd quarter valued at about $38,000. Lloyd Advisory Services LLC. bought a new stake in shares of Angel Oak Income ETF in the 4th quarter valued at about $118,000. Comerica Bank raised its holdings in shares of Angel Oak Income ETF by 12.2% in the 3rd quarter. Comerica Bank now owns 9,235 shares of the company’s stock valued at $193,000 after purchasing an additional 1,007 shares in the last quarter. Finally, Commonwealth Equity Services LLC purchased a new stake in shares of Angel Oak Income ETF in the 4th quarter worth approximately $204,000.

Angel Oak Income ETF Stock Performance

Shares of Angel Oak Income ETF stock traded down $0.02 during trading hours on Friday, reaching $20.72. The company’s stock had a trading volume of 178,060 shares, compared to its average volume of 403,241. The firm has a 50 day moving average price of $20.74 and a 200-day moving average price of $20.83. Angel Oak Income ETF has a one year low of $20.58 and a one year high of $21.55.

Angel Oak Income ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Monday, August 3rd. Investors of record on Friday, July 31st were paid a dividend of $0.1001 per share. The ex-dividend date of this dividend was Friday, July 31st.

Angel Oak Income ETF Company Profile

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.