Angel Oak Financial Strategies Income Term Trust (NYSE:FINS) Short Interest Up 61.7% in July

Angel Oak Financial Strategies Income Term Trust (NYSE:FINS) was the target of a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 35,477 shares, an increase of 61.7% from the June 30th total of 21,943 shares. Based on an average daily volume of 46,071 shares, the short-interest ratio is currently 0.8 days.

Institutional Trading of Angel Oak Financial Strategies Income Term Trust

Institutional investors have recently made changes to their positions in the business. First Trust Advisors LP raised its position in Angel Oak Financial Strategies Income Term Trust by 8.4% in the first quarter. First Trust Advisors LP now owns 203,077 shares of the company’s stock worth $2,589,000 after purchasing an additional 15,750 shares in the last quarter. Fifth Third Bancorp bought a new position in Angel Oak Financial Strategies Income Term Trust during the first quarter worth about $57,000. Mayflower Financial Advisors LLC acquired a new stake in Angel Oak Financial Strategies Income Term Trust during the first quarter valued at approximately $238,000. GHP Investment Advisors Inc. acquired a new stake in Angel Oak Financial Strategies Income Term Trust during the first quarter valued at approximately $32,000. Finally, Riverbridge Partners LLC grew its stake in shares of Angel Oak Financial Strategies Income Term Trust by 8.3% in the 1st quarter. Riverbridge Partners LLC now owns 233,477 shares of the company’s stock valued at $2,977,000 after purchasing an additional 17,967 shares during the period.

Angel Oak Financial Strategies Income Term Trust Stock Down 0.0%

FINS traded down $0.01 during trading on Friday, reaching $12.52. 29,206 shares of the company’s stock were exchanged, compared to its average volume of 47,396. Angel Oak Financial Strategies Income Term Trust has a fifty-two week low of $12.38 and a fifty-two week high of $13.55. The business has a 50 day moving average price of $12.72 and a 200 day moving average price of $12.86.

Angel Oak Financial Strategies Income Term Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 17th will be issued a dividend of $0.115 per share. This represents a c) dividend on an annualized basis and a dividend yield of 11.0%. The ex-dividend date of this dividend is Friday, July 17th.

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.