Angel Oak UltraShort Income ETF (NASDAQ:UYLD) Hits New 12-Month Low – Here’s Why

by · The Markets Daily

Angel Oak UltraShort Income ETF (NASDAQ:UYLD – Get Free Report) hit a new 52-week low on Tuesday. The stock traded as low as $50.61 and last traded at $50.8640, with a volume of 400 shares traded. The stock had previously closed at $50.85.

Angel Oak UltraShort Income ETF Stock Up 0.0%

The business has a 50 day simple moving average of $50.94 and a 200-day simple moving average of $51.09.

Angel Oak UltraShort Income ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Monday, November 2nd. Shareholders of record on Friday, October 30th were paid a $0.1882 dividend. The ex-dividend date was Friday, October 30th. This is a decrease from Angel Oak UltraShort Income ETF’s previous monthly dividend of $0.2304. This represents a $2.26 annualized dividend and a dividend yield of 4.4%.

Hedge Funds Weigh In On Angel Oak UltraShort Income ETF

Several hedge funds and other institutional investors have recently made changes to their positions in UYLD. Gradient Investments LLC increased its position in Angel Oak UltraShort Income ETF by 2.0% in the 3rd quarter. Gradient Investments LLC now owns 1,036,433 shares of the company’s stock valued at $52,579,000 after acquiring an additional 20,086 shares during the period. IFC Advisors LLC boosted its position in Angel Oak UltraShort Income ETF by 39.4% during the 1st quarter. IFC Advisors LLC now owns 313,913 shares of the company’s stock worth $16,021,000 after acquiring an additional 88,758 shares during the period. Mason & Associates Inc grew its stake in shares of Angel Oak UltraShort Income ETF by 455.7% in the second quarter. Mason & Associates Inc now owns 268,513 shares of the company’s stock worth $13,696,000 after purchasing an additional 220,191 shares in the last quarter. Steel Grove Capital Advisors LLC grew its stake in shares of Angel Oak UltraShort Income ETF by 21.9% in the third quarter. Steel Grove Capital Advisors LLC now owns 253,126 shares of the company’s stock worth $12,841,000 after purchasing an additional 45,529 shares in the last quarter. Finally, Islay Capital Management LLC increased its holdings in shares of Angel Oak UltraShort Income ETF by 14.7% during the third quarter. Islay Capital Management LLC now owns 250,538 shares of the company’s stock valued at $12,710,000 after purchasing an additional 32,048 shares during the period.

Angel Oak UltraShort Income ETF Company Profile

(Get Free Report)

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.

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