Angel Oak Ultrashort Income ETF (UYLD)
Angel Oak Ultrashort Income ETF operates in the Asset Management - Bonds industry of the Financial Services sector, headquartered in Atlanta, GA, US. The stock last traded at $51.08, up 0.05% on the session, giving a market capitalisation of $1.55B. Its beta of 0.07 implies it has historically moved less than the broad market.
This fund is designed to meet its investment objectives by typically allocating capital to debt instruments that result in a dollar-weighted average maturity of under two years and a dollar-weighted average duration of less than one year. It possesses the flexibility to commit as much as 25% of its net assets to Collateralized Loan Obligations (CLOs). Additionally, the fund may hold shares in other pooled investment products, including both closed-end and open-end funds, which could take the form of traditional mutual funds, Exchange-Traded Funds (ETFs), or Business Development Companies (BDCs). Investors should note that it is classified as a non-diversified fund.
Angel Oak Ultrashort Income ETF is most often compared with the following Financial Services names: