Angel Oak UltraShort Income ETF (NASDAQ:UYLD) Short Interest Down 63.4% in May

Angel Oak UltraShort Income ETF (NASDAQ:UYLD) was the target of a significant drop in short interest during the month of May. As of May 15th, there was short interest totaling 34,248 shares, a drop of 63.4% from the April 30th total of 93,687 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average trading volume of 198,321 shares, the short-interest ratio is presently 0.2 days.

Hedge Funds Weigh In On Angel Oak UltraShort Income ETF

Institutional investors and hedge funds have recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. acquired a new stake in Angel Oak UltraShort Income ETF during the fourth quarter worth approximately $27,000. MAI Capital Management acquired a new position in Angel Oak UltraShort Income ETF in the 3rd quarter valued at $28,000. Royal Bank of Canada lifted its stake in shares of 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 worth $46,000 after purchasing an additional 389 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Angel Oak UltraShort Income ETF by 46,300.0% during the third quarter. JPMorgan Chase & Co. now owns 1,392 shares of the company’s stock worth $71,000 after purchasing an additional 1,389 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC acquired a new stake in shares of Angel Oak UltraShort Income ETF during the third quarter worth $230,000.

Angel Oak UltraShort Income ETF Price Performance

Shares of UYLD stock opened at $51.04 on Monday. The firm has a 50-day moving average price of $51.14 and a 200 day moving average price of $51.20. Angel Oak UltraShort Income ETF has a twelve month low of $50.96 and a twelve month high of $51.46.

Angel Oak UltraShort Income ETF Cuts Dividend

The company also recently declared a dividend, which will be paid on Monday, June 1st. Stockholders of record on Friday, May 29th will be issued a dividend of $0.1806 per share. The ex-dividend date is Friday, May 29th.

About Angel Oak UltraShort Income ETF

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.