Angel Oak High Yield Opportunities ETF Shares Scheduled to Reverse Split on Monday, November 16th (NASDAQ:AOHY)

Angel Oak High Yield Opportunities ETF (NASDAQ:AOHY)’s stock is scheduled to reverse split on Monday, November 16th. The 1-5 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Sunday, November 15th.

Angel Oak High Yield Opportunities ETF Price Performance

Angel Oak High Yield Opportunities ETF stock opened at $10.77 on Friday. The stock has a fifty day moving average price of $10.82 and a two-hundred day moving average price of $11.01. Angel Oak High Yield Opportunities ETF has a 52-week low of $10.58 and a 52-week high of $11.25. The firm has a market capitalization of $119.98 million, a P/E ratio of 2.33 and a beta of 0.20.

Angel Oak High Yield Opportunities ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Monday, November 2nd. Stockholders of record on Friday, October 30th were paid a $0.0637 dividend. The ex-dividend date was Friday, October 30th. This represents a $0.76 annualized dividend and a dividend yield of 7.1%. This is a boost from Angel Oak High Yield Opportunities ETF’s previous monthly dividend of $0.0628.

Institutional Investors Weigh In On Angel Oak High Yield Opportunities ETF

A number of hedge funds have recently made changes to their positions in the company. Royal Bank of Canada lifted its holdings in Angel Oak High Yield Opportunities ETF by 588.5% during the 1st quarter. Royal Bank of Canada now owns 12,910 shares of the company’s stock valued at $141,000 after purchasing an additional 11,035 shares during the last quarter. AlphaStar Capital Management LLC acquired a new position in Angel Oak High Yield Opportunities ETF in the third quarter valued at about $155,000. Avantax Planning Partners Inc. acquired a new position in Angel Oak High Yield Opportunities ETF in the third quarter valued at about $193,000. Worth Asset Management LLC acquired a new position in Angel Oak High Yield Opportunities ETF in the second quarter valued at about $227,000. Finally, StoneX Group Inc. bought a new stake in Angel Oak High Yield Opportunities ETF during the third quarter worth about $243,000.

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.