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

Angel Oak Financial Strategies Income Term Trust (NYSE:FINS) saw a large increase in short interest in the month of February. As of February 13th, there was short interest totaling 29,209 shares, an increase of 59.8% from the January 29th total of 18,275 shares. Based on an average daily trading volume, of 45,420 shares, the short-interest ratio is currently 0.6 days. Based on an average daily trading volume, of 45,420 shares, the short-interest ratio is currently 0.6 days.

Angel Oak Financial Strategies Income Term Trust Stock Performance

Shares of NYSE:FINS traded down $0.01 on Friday, hitting $13.18. 32,935 shares of the company were exchanged, compared to its average volume of 56,716. The company’s 50 day moving average price is $13.22 and its two-hundred day moving average price is $13.17. Angel Oak Financial Strategies Income Term Trust has a one year low of $12.21 and a one year high of $13.64.

Angel Oak Financial Strategies Income Term Trust Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 13th were issued a dividend of $0.115 per share. This represents a c) dividend on an annualized basis and a yield of 10.5%. The ex-dividend date of this dividend was Friday, February 13th.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Invesco Ltd. acquired a new stake in shares of Angel Oak Financial Strategies Income Term Trust during the fourth quarter worth approximately $525,000. Cetera Investment Advisers grew its position in Angel Oak Financial Strategies Income Term Trust by 12.1% during the 4th quarter. Cetera Investment Advisers now owns 56,747 shares of the company’s stock worth $750,000 after acquiring an additional 6,119 shares during the last quarter. Osaic Holdings Inc. increased its holdings in Angel Oak Financial Strategies Income Term Trust by 7.2% during the 4th quarter. Osaic Holdings Inc. now owns 71,184 shares of the company’s stock valued at $940,000 after purchasing an additional 4,791 shares in the last quarter. &PARTNERS increased its holdings in Angel Oak Financial Strategies Income Term Trust by 168.6% during the 4th quarter. &PARTNERS now owns 51,181 shares of the company’s stock valued at $676,000 after purchasing an additional 32,129 shares in the last quarter. Finally, Royal Bank of Canada raised its position in Angel Oak Financial Strategies Income Term Trust by 1.8% in the 4th quarter. Royal Bank of Canada now owns 409,551 shares of the company’s stock valued at $5,410,000 after purchasing an additional 7,185 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.