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

Angel Oak Financial Strategies Income Term Trust (NYSE:FINS) was the target of a significant drop in short interest during the month of December. As of December 31st, there was short interest totaling 5,268 shares, a drop of 29.2% from the December 15th total of 7,437 shares. Based on an average trading volume of 70,142 shares, the short-interest ratio is presently 0.1 days. Based on an average trading volume of 70,142 shares, the short-interest ratio is presently 0.1 days.

Institutional Trading of Angel Oak Financial Strategies Income Term Trust

Institutional investors and hedge funds have recently made changes to their positions in the business. Mountain Hill Investment Partners Corp. grew its stake in shares of Angel Oak Financial Strategies Income Term Trust by 33.3% during the second quarter. Mountain Hill Investment Partners Corp. now owns 3,333 shares of the company’s stock worth $43,000 after purchasing an additional 833 shares during the period. Northwestern Mutual Wealth Management Co. bought a new position in Angel Oak Financial Strategies Income Term Trust during the second quarter worth about $76,000. PFG Investments LLC bought a new position in Angel Oak Financial Strategies Income Term Trust during the third quarter worth about $132,000. Bank of America Corp DE acquired a new position in shares of Angel Oak Financial Strategies Income Term Trust during the 2nd quarter worth about $141,000. Finally, Ignite Planners LLC increased its stake 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 acquiring an additional 1,271 shares during the last quarter.

Angel Oak Financial Strategies Income Term Trust Stock Performance

NYSE:FINS traded down $0.14 on Monday, hitting $13.19. 80,757 shares of the stock were exchanged, compared to its average volume of 48,578. Angel Oak Financial Strategies Income Term Trust has a 52 week low of $12.21 and a 52 week high of $13.64. The company’s 50-day moving average price is $13.14 and its 200 day moving average price is $13.13.

Angel Oak Financial Strategies Income Term Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, January 30th. Investors of record on Friday, January 16th will be issued a $0.115 dividend. This represents a c) annualized dividend and a yield of 10.5%. The ex-dividend date is Friday, January 16th.

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.