Angel Oak Financial Strategies Income Term Trust (NYSE:FINS) Sees Large Drop in Short Interest

Angel Oak Financial Strategies Income Term Trust (NYSE:FINS) saw a significant drop in short interest in 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 daily volume of 70,142 shares, the short-interest ratio is currently 0.1 days. Based on an average daily volume of 70,142 shares, the short-interest ratio is currently 0.1 days.

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

A number of large investors have recently bought and sold shares of the business. Advisors Asset Management Inc. boosted its holdings in shares of Angel Oak Financial Strategies Income Term Trust by 39.3% during the 2nd quarter. Advisors Asset Management Inc. now owns 352,176 shares of the company’s stock valued at $4,571,000 after acquiring an additional 99,428 shares in the last quarter. Thomas J. Herzfeld Advisors Inc. acquired a new stake in shares of Angel Oak Financial Strategies Income Term Trust during the second quarter worth $2,641,000. Ignite Planners LLC lifted 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 purchasing an additional 1,271 shares during the period. Dakota Wealth Management grew its position in shares of Angel Oak Financial Strategies Income Term Trust by 34.9% during the 2nd quarter. Dakota Wealth Management now owns 83,435 shares of the company’s stock worth $1,083,000 after buying an additional 21,585 shares during the period. Finally, Riverbridge Partners LLC boosted its position in shares of Angel Oak Financial Strategies Income Term Trust by 3.9% during the 2nd quarter. Riverbridge Partners LLC now owns 121,663 shares of the company’s stock worth $1,579,000 after purchasing an additional 4,590 shares in the last quarter.

Angel Oak Financial Strategies Income Term Trust Stock Down 1.0%

Shares of Angel Oak Financial Strategies Income Term Trust stock traded down $0.14 on Friday, reaching $13.19. 80,757 shares of the company were exchanged, compared to its average volume of 48,578. The stock has a fifty day moving average price of $13.14 and a 200-day moving average price of $13.13. Angel Oak Financial Strategies Income Term Trust has a fifty-two week low of $12.21 and a fifty-two week high of $13.64.

Angel Oak Financial Strategies Income Term Trust Announces Dividend

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

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.