Angel Oak Capital Advisors announced reverse share splits for three ETFs, including the Angel Oak Mortgage-Backed Securities ETF (MBS).
The ratios are 1-for-7 for MBS, 1-for-3 for Angel Oak Income ETF (CARY) and 1-for-5 for Angel Oak High Yield Opportunities ETF (AOHY). Completion is scheduled after the close of business on or about November 13, 2026, with split-adjusted trading beginning November 16, 2026. Each fund’s net asset value per share will increase proportionately as its share count decreases, leaving the total value of a shareholder’s investment unchanged. Ticker symbols will remain unchanged.
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Angel Oak Capital Advisors has launched the Angel Oak Income ETF (NYSE: CARY), its second actively managed exchange-traded fund, following the successful debut of the UltraShort Income ETF (NYSE: UYLD). This ETF primarily invests in U.S. structured credit, focusing on residential mortgage credit, aiming for significant yield with moderate duration. The management team has extensive experience in these securities, enhancing investor opportunities in a growing market for income-driven solutions.