Short Interest in Angel Oak Income ETF (NASDAQ:CARY) Grows By 76.6%

Angel Oak Income ETF (NASDAQ:CARY) was the target of a significant increase in short interest during the month of April. As of April 30th, there was short interest totaling 178,913 shares, an increase of 76.6% from the April 15th total of 101,284 shares. Based on an average daily trading volume, of 559,492 shares, the short-interest ratio is currently 0.3 days. Currently, 0.3% of the shares of the company are short sold.

Institutional Trading of Angel Oak Income ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CARY. Hantz Financial Services Inc. purchased a new stake in Angel Oak Income ETF during the fourth quarter valued at approximately $30,000. Bank of America Corp DE purchased a new stake in Angel Oak Income ETF during the second quarter valued at approximately $38,000. Lloyd Advisory Services LLC. purchased a new stake in Angel Oak Income ETF during the fourth quarter valued at approximately $118,000. Comerica Bank increased its holdings in Angel Oak Income ETF by 12.2% during the third quarter. Comerica Bank now owns 9,235 shares of the company’s stock valued at $193,000 after buying an additional 1,007 shares during the last quarter. Finally, Commonwealth Equity Services LLC bought a new position in shares of Angel Oak Income ETF in the fourth quarter worth approximately $204,000.

Angel Oak Income ETF Price Performance

Shares of CARY stock opened at $20.75 on Monday. Angel Oak Income ETF has a 12 month low of $20.51 and a 12 month high of $21.55. The company has a 50 day simple moving average of $20.86 and a two-hundred day simple moving average of $20.92.

Angel Oak Income ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, May 1st. Shareholders of record on Thursday, April 30th were issued a dividend of $0.0934 per share. The ex-dividend date of this dividend was Thursday, April 30th.

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.