Angel Oak Financial Strategies Income Term Trust (NYSE:FINS) Short Interest Up 97.8% in May

Angel Oak Financial Strategies Income Term Trust (NYSE:FINS) saw a significant growth in short interest during the month of May. As of May 15th, there was short interest totaling 30,027 shares, a growth of 97.8% from the April 30th total of 15,182 shares. Based on an average daily volume of 40,563 shares, the short-interest ratio is presently 0.7 days.

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

Institutional investors have recently added to or reduced their stakes in the company. GHP Investment Advisors Inc. acquired a new position in Angel Oak Financial Strategies Income Term Trust during the first quarter worth $32,000. Kestra Advisory Services LLC acquired a new position in Angel Oak Financial Strategies Income Term Trust during the fourth quarter worth $53,000. Fifth Third Bancorp acquired a new position in Angel Oak Financial Strategies Income Term Trust during the first quarter worth $57,000. Northwestern Mutual Wealth Management Co. acquired a new position in Angel Oak Financial Strategies Income Term Trust during the second quarter worth $76,000. Finally, Bank of America Corp DE acquired a new position in Angel Oak Financial Strategies Income Term Trust during the second quarter worth $141,000.

Angel Oak Financial Strategies Income Term Trust Price Performance

Shares of NYSE FINS traded down $0.05 during midday trading on Wednesday, reaching $12.82. The company’s stock had a trading volume of 4,942 shares, compared to its average volume of 49,735. 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 stock has a 50 day simple moving average of $12.74 and a 200-day simple moving average of $12.99.

Angel Oak Financial Strategies Income Term Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be issued a $0.115 dividend. The ex-dividend date is Tuesday, June 16th. 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.