Angel Oak UltraShort Income ETF (NASDAQ:UYLD) Sees Large Volume Increase – Still a Buy?

Shares of Angel Oak UltraShort Income ETF (NASDAQ:UYLD) saw unusually-strong trading volume on Thursday . Approximately 65,374 shares traded hands 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 Trading Up 0.0 %

The company has a 50-day moving average price of $51.18 and a two-hundred day moving average price of $51.20.

Angel Oak UltraShort Income ETF Cuts Dividend

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

Institutional Trading of Angel Oak UltraShort Income ETF

Hedge funds have recently bought and sold shares of the stock. Farther Finance Advisors LLC purchased a new position in Angel Oak UltraShort Income ETF in the 3rd quarter worth about $72,000. Assetmark Inc. purchased a new stake in Angel Oak UltraShort Income ETF during the 3rd quarter worth approximately $25,000. Islay Capital Management LLC grew its holdings in shares of Angel Oak UltraShort Income ETF by 23.5% during the third quarter. Islay Capital Management LLC now owns 40,413 shares of the company’s stock worth $2,068,000 after buying an additional 7,702 shares in the last quarter. Tidemark LLC acquired a new position in shares of Angel Oak UltraShort Income ETF during the 3rd quarter worth approximately $51,000. Finally, Transamerica Financial Advisors Inc. raised its stake in shares of Angel Oak UltraShort Income ETF by 0.4% in the 3rd quarter. Transamerica Financial Advisors Inc. now owns 54,702 shares of the company’s stock valued at $2,800,000 after acquiring an additional 200 shares during the period.

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.