Angel Oak Financial Strategies Income Term Trust (NYSE:FINS) Short Interest Update

Angel Oak Financial Strategies Income Term Trust (NYSE:FINS) was the target of a large drop in short interest in August. As of August 14th, there was short interest totaling 8,625 shares, a drop of 49.0% from the July 30th total of 16,923 shares. Based on an average daily volume of 38,470 shares, the short-interest ratio is presently 0.2 days.

Angel Oak Financial Strategies Income Term Trust Stock Up 0.2%

Shares of FINS stock traded up $0.03 during mid-day trading on Friday, hitting $12.69. The company’s stock had a trading volume of 20,236 shares, compared to its average volume of 46,204. Angel Oak Financial Strategies Income Term Trust has a 52-week low of $12.38 and a 52-week high of $13.55. The business has a 50-day moving average price of $12.66 and a 200 day moving average price of $12.77.

Angel Oak Financial Strategies Income Term Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 17th will be issued a $0.115 dividend. This represents a c) annualized dividend and a yield of 10.9%. The ex-dividend date is Monday, August 17th.

Hedge Funds Weigh In On Angel Oak Financial Strategies Income Term Trust

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. GHP Investment Advisors Inc. bought a new stake in shares of Angel Oak Financial Strategies Income Term Trust in the first quarter worth approximately $32,000. Kestra Advisory Services LLC bought a new position in Angel Oak Financial Strategies Income Term Trust during the fourth quarter valued at approximately $53,000. Fifth Third Bancorp purchased a new stake in Angel Oak Financial Strategies Income Term Trust in the first quarter worth approximately $57,000. Northwestern Mutual Wealth Management Co. purchased a new stake in Angel Oak Financial Strategies Income Term Trust in the second quarter worth approximately $76,000. Finally, Bank of America Corp DE bought a new stake in Angel Oak Financial Strategies Income Term Trust in the 2nd quarter worth approximately $141,000.

Angel Oak Financial Strategies Income Term Trust Company Profile

Angel Oak Financial Strategies Income Term Trust (NYSE: FINS) is a closed-end, diversified management investment trust that commenced operations in early 2023. Organized as a Delaware statutory trust, FINS is structured with a defined termination date, at which point the trust will liquidate and distribute remaining assets to shareholders. Shares of the trust trade on the New York Stock Exchange, providing investors access to a yield-oriented portfolio through a single security.

The trust seeks to generate current income principally through investments in a broad array of structured credit instruments.