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

Angel Oak Financial Strategies Income Term Trust (NYSE:FINS) was the recipient of a significant decrease in short interest during the month of July. As of July 31st, there was short interest totaling 16,923 shares, a decrease of 52.3% from the July 15th total of 35,477 shares. Based on an average daily trading volume, of 38,108 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Closed End Fund Advisors Inc. acquired a new position in shares of Angel Oak Financial Strategies Income Term Trust during the 4th quarter worth about $1,602,000. Summit Asset Management LLC purchased a new position in shares of Angel Oak Financial Strategies Income Term Trust during the 4th quarter worth approximately $343,000. Choreo LLC increased its holdings in shares of Angel Oak Financial Strategies Income Term Trust by 5.0% in the 4th quarter. Choreo LLC now owns 28,746 shares of the company’s stock valued at $379,000 after purchasing an additional 1,365 shares in the last quarter. Wedbush Securities Inc. grew its stake in Angel Oak Financial Strategies Income Term Trust by 11.8% in the 4th quarter. Wedbush Securities Inc. now owns 17,980 shares of the company’s stock valued at $238,000 after acquiring an additional 1,894 shares during the last quarter. Finally, StoneX Group Inc. acquired a new position in shares of Angel Oak Financial Strategies Income Term Trust in the fourth quarter worth $203,000.

Angel Oak Financial Strategies Income Term Trust Trading Down 0.2%

Shares of NYSE FINS traded down $0.02 during midday trading on Friday, hitting $12.66. The company’s stock had a trading volume of 45,511 shares, compared to its average volume of 46,817. The business’s 50 day moving average is $12.69 and its two-hundred day moving average is $12.82. Angel Oak Financial Strategies Income Term Trust has a 12-month low of $12.38 and a 12-month high of $13.55.

Angel Oak Financial Strategies Income Term Trust Dividend Announcement

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