Short Interest in Angel Oak Financial Strategies Income Term Trust (NYSE:FINS) Declines By 63.0%

Angel Oak Financial Strategies Income Term Trust (NYSE:FINS) was the target of a large decline in short interest in December. As of December 15th, there was short interest totaling 7,437 shares, a decline of 63.0% from the November 30th total of 20,111 shares. Based on an average daily trading volume, of 108,302 shares, the short-interest ratio is presently 0.1 days. Based on an average daily trading volume, of 108,302 shares, the short-interest ratio is presently 0.1 days.

Angel Oak Financial Strategies Income Term Trust Trading Down 0.2%

Shares of FINS traded down $0.03 during midday trading on Friday, hitting $13.12. 114,743 shares of the company traded hands, compared to its average volume of 57,204. The stock has a 50-day moving average of $13.10 and a 200-day moving average of $13.09. Angel Oak Financial Strategies Income Term Trust has a one year low of $12.21 and a one year high of $13.64.

Angel Oak Financial Strategies Income Term Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 17th will be paid a $0.115 dividend. The ex-dividend date is Wednesday, December 17th. This represents a c) annualized dividend and a yield of 10.5%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Karpus Management Inc. raised its position in shares of Angel Oak Financial Strategies Income Term Trust by 56.2% in the second quarter. Karpus Management Inc. now owns 5,531,335 shares of the company’s stock worth $71,797,000 after buying an additional 1,989,029 shares in the last quarter. Thomas J. Herzfeld Advisors Inc. bought a new position in Angel Oak Financial Strategies Income Term Trust in the 2nd quarter worth about $2,641,000. Envestnet Asset Management Inc. raised its holdings in shares of Angel Oak Financial Strategies Income Term Trust by 118.8% in the 3rd quarter. Envestnet Asset Management Inc. now owns 323,212 shares of the company’s stock valued at $4,237,000 after acquiring an additional 175,483 shares in the last quarter. Advisors Asset Management Inc. boosted its position in shares of Angel Oak Financial Strategies Income Term Trust by 148.8% during the 1st quarter. Advisors Asset Management Inc. now owns 252,748 shares of the company’s stock valued at $3,407,000 after acquiring an additional 151,143 shares during the last quarter. Finally, First Trust Advisors LP grew its holdings in shares of Angel Oak Financial Strategies Income Term Trust by 63.5% during the second quarter. First Trust Advisors LP now owns 140,399 shares of the company’s stock worth $1,822,000 after purchasing an additional 54,552 shares in 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.