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

Angel Oak UltraShort Income ETF (NASDAQ:UYLD) was the target of a large decrease in short interest during the month of July. As of July 31st, there was short interest totaling 32,993 shares, a decrease of 54.9% from the July 15th total of 73,149 shares. Based on an average daily volume of 133,511 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.1% of the shares of the stock are short sold.

Angel Oak UltraShort Income ETF Price Performance

Shares of Angel Oak UltraShort Income ETF stock remained flat at $51.10 during mid-day trading on Friday. 175,283 shares of the company were exchanged, compared to its average volume of 189,819. Angel Oak UltraShort Income ETF has a 1-year low of $50.96 and a 1-year high of $51.46. The company has a fifty day simple moving average of $51.08 and a 200-day simple moving average of $51.14.

Angel Oak UltraShort Income ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Monday, August 3rd. Shareholders of record on Friday, July 31st were paid a dividend of $0.1939 per share. The ex-dividend date of this dividend was Friday, July 31st.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of UYLD. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Angel Oak UltraShort Income ETF in the 4th quarter worth approximately $27,000. Royal Bank of Canada increased its holdings in Angel Oak UltraShort Income ETF by 76.0% during the 4th quarter. Royal Bank of Canada now owns 901 shares of the company’s stock valued at $46,000 after purchasing an additional 389 shares in the last quarter. JPMorgan Chase & Co. raised its position 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 purchasing an additional 1,389 shares during the last quarter. Worth Asset Management LLC bought a new position in Angel Oak UltraShort Income ETF in the 2nd quarter valued at $247,000. Finally, Rockefeller Capital Management L.P. raised its position in Angel Oak UltraShort Income ETF by 30.3% in the 4th quarter. Rockefeller Capital Management L.P. now owns 5,058 shares of the company’s stock valued at $259,000 after purchasing an additional 1,176 shares during the last quarter.

Angel Oak UltraShort Income ETF Company Profile

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.