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 during the month of April. As of April 15th, there was short interest totaling 14,045 shares, a drop of 33.4% from the March 31st total of 21,098 shares. Based on an average daily trading volume, of 43,530 shares, the days-to-cover ratio is currently 0.3 days.

Angel Oak Financial Strategies Income Term Trust Stock Up 0.9%

NYSE FINS traded up $0.12 during trading hours on Thursday, reaching $12.91. The company’s stock had a trading volume of 19,687 shares, compared to its average volume of 53,699. The firm has a fifty day simple moving average of $12.81 and a 200-day simple moving average of $13.03. Angel Oak Financial Strategies Income Term Trust has a 52 week low of $12.38 and a 52 week high of $13.55.

Angel Oak Financial Strategies Income Term Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, April 30th. Investors of record on Thursday, April 16th will be issued a $0.115 dividend. This represents a c) dividend on an annualized basis and a yield of 10.7%. The ex-dividend date is Thursday, April 16th.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in FINS. Sit Investment Associates Inc. raised its holdings in Angel Oak Financial Strategies Income Term Trust by 3.2% during the 4th quarter. Sit Investment Associates Inc. now owns 10,285,734 shares of the company’s stock worth $135,875,000 after purchasing an additional 316,517 shares during the last quarter. Stifel Financial Corp raised its holdings in Angel Oak Financial Strategies Income Term Trust by 4.3% during the 4th quarter. Stifel Financial Corp now owns 418,161 shares of the company’s stock worth $5,524,000 after purchasing an additional 17,385 shares during the last quarter. Royal Bank of Canada raised its holdings in Angel Oak Financial Strategies Income Term Trust by 1.8% during the 4th quarter. Royal Bank of Canada now owns 409,551 shares of the company’s stock worth $5,410,000 after purchasing an additional 7,185 shares during the last quarter. Advisors Asset Management Inc. raised its holdings in Angel Oak Financial Strategies Income Term Trust by 4.0% during the 3rd quarter. Advisors Asset Management Inc. now owns 366,396 shares of the company’s stock worth $4,803,000 after purchasing an additional 14,220 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in Angel Oak Financial Strategies Income Term Trust by 118.8% during the 3rd quarter. Envestnet Asset Management Inc. now owns 323,212 shares of the company’s stock worth $4,237,000 after purchasing an additional 175,483 shares during the last quarter.

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.