Angel Oak Financial Strategies Income Term Trust (NYSE:FINS) Sees Large Decline in Short Interest

Angel Oak Financial Strategies Income Term Trust (NYSE:FINS) was the target of a significant drop in short interest in August. As of August 14th, there was short interest totaling 8,625 shares, a drop of 49.0% from the July 30th total of 16,923 shares. Based on an average trading volume of 38,470 shares, the short-interest ratio is presently 0.2 days.

Angel Oak Financial Strategies Income Term Trust Trading Up 0.2%

NYSE:FINS opened at $12.72 on Tuesday. The stock has a fifty day moving average price of $12.66 and a 200 day moving average price of $12.77. 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 business also recently declared a monthly dividend, which was paid on Monday, August 31st. Shareholders of record on Monday, August 17th were given a $0.115 dividend. The ex-dividend date of this dividend was Monday, August 17th. This represents a c) dividend on an annualized basis and a yield of 10.8%.

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

Institutional investors and hedge funds have recently made changes to their positions in the stock. Cetera Investment Advisers increased its stake in shares of Angel Oak Financial Strategies Income Term Trust by 3.7% during the second quarter. Cetera Investment Advisers now owns 36,783 shares of the company’s stock worth $477,000 after buying an additional 1,324 shares during the period. Wedbush Securities Inc. grew its holdings in Angel Oak Financial Strategies Income Term Trust by 11.8% during the 4th quarter. Wedbush Securities Inc. now owns 17,980 shares of the company’s stock worth $238,000 after acquiring an additional 1,894 shares in the last quarter. GHP Investment Advisors Inc. acquired a new position in Angel Oak Financial Strategies Income Term Trust during the 1st quarter worth approximately $32,000. Kestra Advisory Services LLC acquired a new position in Angel Oak Financial Strategies Income Term Trust during the 4th quarter worth approximately $53,000. Finally, LPL Financial LLC increased its position in shares of Angel Oak Financial Strategies Income Term Trust by 2.3% in the 4th quarter. LPL Financial LLC now owns 183,115 shares of the company’s stock valued at $2,419,000 after purchasing an additional 4,153 shares during the last quarter.

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.