Short Interest in Angel Oak High Yield Opportunities ETF (NASDAQ:AOHY) Rises By 75.8%

Angel Oak High Yield Opportunities ETF (NASDAQ:AOHY) was the target of a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 130,079 shares, a growth of 75.8% from the August 15th total of 73,992 shares. Approximately 1.2% of the company’s shares are short sold. Based on an average daily volume of 53,370 shares, the short-interest ratio is presently 2.4 days.

Angel Oak High Yield Opportunities ETF Stock Performance

NASDAQ AOHY opened at $10.92 on Wednesday. The stock has a market cap of $1.20 trillion, a P/E ratio of 2.33 and a beta of 0.19. Angel Oak High Yield Opportunities ETF has a fifty-two week low of $10.85 and a fifty-two week high of $11.29. The stock has a 50 day simple moving average of $11.03 and a two-hundred day simple moving average of $11.04.

Angel Oak High Yield Opportunities ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, September 1st. Investors of record on Monday, August 31st were issued a dividend of $0.0594 per share. This represents a c) dividend on an annualized basis and a dividend yield of 6.5%. The ex-dividend date was Monday, August 31st.

Institutional Trading of Angel Oak High Yield Opportunities ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Royal Bank of Canada increased its position 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 period. Worth Asset Management LLC purchased a new stake in shares of Angel Oak High Yield Opportunities ETF in the 2nd quarter worth about $227,000. Avantax Planning Partners Inc. purchased a new stake in shares of Angel Oak High Yield Opportunities ETF in the 1st quarter worth about $244,000. Lewis Asset Management LLC bought a new stake in shares of Angel Oak High Yield Opportunities ETF during the 1st quarter valued at about $286,000. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new stake in shares of Angel Oak High Yield Opportunities ETF during the 2nd quarter valued at about $476,000.

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.