The Angel Oak High Yield Opportunities ETF (NASDAQ: AOHY) experienced a notable increase in short interest, with a rise of **120.5%** during December. As of **December 15, 2023**, the total short interest reached **32,980 shares**, up from **14,960 shares** at the end of November. This surge translates to a short-interest ratio of **0.7 days**, based on an average daily volume of **45,387 shares**. Currently, short positions constitute **0.3%** of the total outstanding shares.
Institutional Investors Take Notice
Several institutional investors have recently adjusted their positions in the Angel Oak High Yield Opportunities ETF. Notably, **Farther Finance Advisors LLC** acquired a new stake worth **$35,000** during the second quarter. **PFG Investments LLC** also entered the market, purchasing shares valued at approximately **$373,000**. Furthermore, **Moloney Securities Asset Management LLC** bought new shares worth around **$139,000** in the same period.
**OLD Mission Capital LLC** increased its holdings by **45.7%** in the first quarter, now owning **16,673 shares** valued at **$183,000** after acquiring an additional **5,233 shares**. In a significant move, **WBI Investments LLC** raised its position by **126.7%** in the second quarter, amassing **187,233 shares** worth **$2,085,000** after purchasing an additional **104,638 shares**.
Current Stock Performance and Dividend Adjustment
As of the latest trading session, shares of AOHY opened at **$11.19**. The fund has a market capitalization of **$129.36 million**, a price-to-earnings ratio of **2.33**, and a beta of **0.22**. Over the past year, the stock has fluctuated between a low of **$10.52** and a high of **$11.41**. The fifty-day moving average stands at **$11.12**, while the two-hundred day moving average is at **$11.14**.
In a recent development, Angel Oak High Yield Opportunities ETF announced a reduction in its dividend. The fund primarily invests in high-yield fixed-income securities on a global scale, aiming to generate substantial current income along with potential capital appreciation. Launched on **February 20, 2024**, it is actively managed to provide investors with broad exposure to the high-yield market.
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