Angel Oak UltraShort Income ETF (NASDAQ:UYLD) Sees Strong Trading Volume – Here’s Why

Angel Oak UltraShort Income ETF (NASDAQ:UYLD) shares saw unusually-strong trading volume on Thursday . Approximately 65,374 shares were traded during trading, a decline of 11% from the previous session’s volume of 73,599 shares.The stock last traded at $51.23 and had previously closed at $51.22.

Angel Oak UltraShort Income ETF Price Performance

The company has a 50 day moving average price of $51.18 and a 200 day moving average price of $51.20.

Angel Oak UltraShort Income ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 28th were issued a $0.1968 dividend. The ex-dividend date of this dividend was Friday, February 28th.

Institutional Investors Weigh In On Angel Oak UltraShort Income ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Jane Street Group LLC raised its stake in Angel Oak UltraShort Income ETF by 452.3% during the third quarter. Jane Street Group LLC now owns 36,466 shares of the company’s stock valued at $1,866,000 after buying an additional 29,863 shares during the last quarter. Farther Finance Advisors LLC purchased a new position in Angel Oak UltraShort Income ETF during the third quarter worth $72,000. Islay Capital Management LLC boosted its position in Angel Oak UltraShort Income ETF by 23.5% in the 3rd quarter. Islay Capital Management LLC now owns 40,413 shares of the company’s stock valued at $2,068,000 after buying an additional 7,702 shares during the period. Kestra Private Wealth Services LLC raised its holdings in shares of Angel Oak UltraShort Income ETF by 2.8% in the 4th quarter. Kestra Private Wealth Services LLC now owns 159,261 shares of the company’s stock valued at $8,133,000 after purchasing an additional 4,369 shares in the last quarter. Finally, RFG Advisory LLC purchased a new position in Angel Oak UltraShort Income ETF in the fourth quarter worth $385,000.

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.