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

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

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. GHP Investment Advisors Inc. purchased a new position in Angel Oak Financial Strategies Income Term Trust in the 1st quarter worth about $32,000. Integrated Wealth Concepts LLC purchased a new stake in Angel Oak Financial Strategies Income Term Trust in the 2nd quarter valued at about $46,000. Kestra Advisory Services LLC purchased a new stake in Angel Oak Financial Strategies Income Term Trust in the 4th quarter valued at about $53,000. Fifth Third Bancorp bought a new position in Angel Oak Financial Strategies Income Term Trust in the 1st quarter worth about $57,000. Finally, Northwestern Mutual Wealth Management Co. bought a new position in Angel Oak Financial Strategies Income Term Trust in the 2nd quarter worth about $76,000.

Angel Oak Financial Strategies Income Term Trust Stock Up 0.1%

Shares of Angel Oak Financial Strategies Income Term Trust stock opened at $12.47 on Friday. The stock’s fifty day moving average is $12.64 and its two-hundred day moving average is $12.73. Angel Oak Financial Strategies Income Term Trust has a 52 week low of $12.38 and a 52 week high of $13.55.

Angel Oak Financial Strategies Income Term Trust Announces Dividend

The business 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) dividend on an annualized basis and a dividend yield of 11.1%. The ex-dividend date of this dividend is Wednesday, September 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.