Short Interest in Angel Oak Financial Strategies Income Term Trust (NYSE:FINS) Declines By 49.0%

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 days-to-cover ratio is presently 0.2 days.

Institutional Trading of Angel Oak Financial Strategies Income Term Trust

Institutional investors and hedge funds have recently made changes to their positions in the stock. GHP Investment Advisors Inc. acquired a new position in shares of Angel Oak Financial Strategies Income Term Trust during the 1st quarter valued at about $32,000. Kestra Advisory Services LLC purchased a new stake in Angel Oak Financial Strategies Income Term Trust in the fourth quarter valued at approximately $53,000. Fifth Third Bancorp acquired a new position in Angel Oak Financial Strategies Income Term Trust during the first quarter worth approximately $57,000. Northwestern Mutual Wealth Management Co. acquired a new position in Angel Oak Financial Strategies Income Term Trust during the second quarter worth approximately $76,000. Finally, Bank of America Corp DE purchased a new position in Angel Oak Financial Strategies Income Term Trust during the second quarter worth approximately $141,000.

Angel Oak Financial Strategies Income Term Trust Stock Up 0.2%

Shares of NYSE FINS traded up $0.02 during midday trading on Monday, hitting $12.72. The company had a trading volume of 39,673 shares, compared to its average volume of 46,165. The business has a 50-day simple moving average of $12.66 and a two-hundred day simple moving average of $12.77. Angel Oak Financial Strategies Income Term Trust has a twelve month low of $12.38 and a twelve month high of $13.55.

Angel Oak Financial Strategies Income Term Trust Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 17th will be given a $0.115 dividend. The ex-dividend date is Monday, August 17th. This represents a c) dividend on an annualized basis and a dividend yield of 10.8%.

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.