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

Angel Oak Financial Strategies Income Term Trust (NYSE:FINS) saw a significant drop in short interest in the month of March. As of March 31st, there was short interest totaling 21,098 shares, a drop of 36.2% from the March 15th total of 33,045 shares. Based on an average trading volume of 48,001 shares, the days-to-cover ratio is presently 0.4 days.

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

Large investors have recently modified their holdings of the company. Kestra Advisory Services LLC bought a new position in shares of Angel Oak Financial Strategies Income Term Trust in the fourth quarter valued at approximately $53,000. Northwestern Mutual Wealth Management Co. bought a new position in shares of Angel Oak Financial Strategies Income Term Trust in the second quarter valued at approximately $76,000. PFG Investments LLC bought a new position in shares of Angel Oak Financial Strategies Income Term Trust in the third quarter valued at approximately $132,000. Bank of America Corp DE purchased a new stake in Angel Oak Financial Strategies Income Term Trust in the second quarter valued at approximately $141,000. Finally, StoneX Group Inc. purchased a new stake in Angel Oak Financial Strategies Income Term Trust in the fourth quarter valued at approximately $203,000.

Angel Oak Financial Strategies Income Term Trust Price Performance

Shares of FINS stock traded up $0.06 during trading hours on Tuesday, reaching $12.89. The stock had a trading volume of 26,583 shares, compared to its average volume of 58,517. The stock’s fifty day simple moving average is $12.92 and its 200 day simple moving average is $13.06. 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 Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Thursday, April 16th will be given a $0.115 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 10.7%. The ex-dividend date is Thursday, April 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.