Angel Oak Financial Strategies Income Term Trust (NYSE:FINS) Short Interest Up 324.2% in August

Angel Oak Financial Strategies Income Term Trust (NYSE:FINS) was the recipient of a large increase in short interest in August. As of August 31st, there was short interest totaling 36,588 shares, an increase of 324.2% from the August 15th total of 8,625 shares. Based on an average daily volume of 37,010 shares, the short-interest ratio is presently 1.0 days.

Angel Oak Financial Strategies Income Term Trust Stock Performance

FINS stock traded up $0.01 during mid-day trading on Friday, reaching $12.47. 41,214 shares of the company’s stock were exchanged, compared to its average volume of 46,505. Angel Oak Financial Strategies Income Term Trust has a 12-month low of $12.38 and a 12-month high of $13.55. The stock’s 50 day moving average is $12.64 and its 200 day moving average is $12.73.

Angel Oak Financial Strategies Income Term Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th will be paid a dividend of $0.115 per share. This represents a c) annualized dividend and a dividend yield of 11.1%. The ex-dividend date of this dividend is Wednesday, September 16th.

Institutional Investors Weigh In On Angel Oak Financial Strategies Income Term Trust

Institutional investors have recently added to or reduced their stakes in the stock. Sit Investment Associates Inc. raised its position in Angel Oak Financial Strategies Income Term Trust by 3.2% during the fourth quarter. Sit Investment Associates Inc. now owns 10,285,734 shares of the company’s stock worth $135,875,000 after acquiring an additional 316,517 shares during the period. Stifel Financial Corp grew its position in shares of Angel Oak Financial Strategies Income Term Trust by 4.3% in the fourth quarter. Stifel Financial Corp now owns 418,161 shares of the company’s stock valued at $5,524,000 after purchasing an additional 17,385 shares during the period. Royal Bank of Canada increased its stake in shares of Angel Oak Financial Strategies Income Term Trust by 1.8% during the fourth 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 in the last quarter. Riverbridge Partners LLC increased its stake in shares of Angel Oak Financial Strategies Income Term Trust by 8.3% during the first quarter. Riverbridge Partners LLC now owns 233,477 shares of the company’s stock worth $2,977,000 after purchasing an additional 17,967 shares in the last quarter. Finally, Thomas J. Herzfeld Advisors Inc. raised its position in shares of Angel Oak Financial Strategies Income Term Trust by 4.3% during the 4th quarter. Thomas J. Herzfeld Advisors Inc. now owns 216,513 shares of the company’s stock worth $2,860,000 after purchasing an additional 9,000 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.