Short Interest in Angel Oak Financial Strategies Income Term Trust (NYSE:FINS) Drops By 63.0%

Angel Oak Financial Strategies Income Term Trust (NYSE:FINS) was the target of a significant drop in short interest in December. As of December 15th, there was short interest totaling 7,437 shares, a drop of 63.0% from the November 30th total of 20,111 shares. Based on an average daily volume of 108,302 shares, the short-interest ratio is presently 0.1 days. Based on an average daily volume of 108,302 shares, the short-interest ratio is presently 0.1 days.

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

A number of institutional investors and hedge funds have recently made changes to their positions in FINS. Mountain Hill Investment Partners Corp. raised its holdings in Angel Oak Financial Strategies Income Term Trust by 33.3% in the second quarter. Mountain Hill Investment Partners Corp. now owns 3,333 shares of the company’s stock valued at $43,000 after acquiring an additional 833 shares in the last quarter. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Angel Oak Financial Strategies Income Term Trust in the 2nd quarter valued at approximately $76,000. PFG Investments LLC acquired a new stake in shares of Angel Oak Financial Strategies Income Term Trust in the 3rd quarter valued at $132,000. Bank of America Corp DE acquired a new position in shares of Angel Oak Financial Strategies Income Term Trust during the second quarter worth $141,000. Finally, Ignite Planners LLC boosted its position in shares of Angel Oak Financial Strategies Income Term Trust by 12.3% in the 2nd quarter. Ignite Planners LLC now owns 11,620 shares of the company’s stock valued at $150,000 after purchasing an additional 1,271 shares during the period.

Angel Oak Financial Strategies Income Term Trust Stock Down 0.2%

NYSE FINS traded down $0.03 during mid-day trading on Friday, hitting $13.12. The stock had a trading volume of 114,743 shares, compared to its average volume of 57,204. Angel Oak Financial Strategies Income Term Trust has a twelve month low of $12.21 and a twelve month high of $13.64. The firm’s 50 day moving average is $13.10 and its 200 day moving average is $13.09.

Angel Oak Financial Strategies Income Term Trust Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 17th will be paid a dividend of $0.115 per share. This represents a c) annualized dividend and a yield of 10.5%. The ex-dividend date of this dividend is Wednesday, December 17th.

About Angel Oak Financial Strategies Income Term Trust

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.