Short Interest in Angel Oak Financial Strategies Income Term Trust (NYSE:FINS) Grows By 282.6%

Angel Oak Financial Strategies Income Term Trust (NYSE:FINS) was the recipient of a significant increase in short interest in the month of January. As of January 15th, there was short interest totaling 20,158 shares, an increase of 282.6% from the December 31st total of 5,268 shares. Based on an average daily volume of 45,407 shares, the days-to-cover ratio is currently 0.4 days. Based on an average daily volume of 45,407 shares, the days-to-cover ratio is currently 0.4 days.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Karpus Management Inc. boosted its holdings in Angel Oak Financial Strategies Income Term Trust by 56.2% during the second quarter. Karpus Management Inc. now owns 5,531,335 shares of the company’s stock worth $71,797,000 after purchasing an additional 1,989,029 shares during the last quarter. Thomas J. Herzfeld Advisors Inc. acquired a new position in shares of Angel Oak Financial Strategies Income Term Trust during the 2nd quarter worth about $2,641,000. Envestnet Asset Management Inc. grew 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. raised its holdings in Angel Oak Financial Strategies Income Term Trust by 39.3% during the second quarter. Advisors Asset Management Inc. now owns 352,176 shares of the company’s stock worth $4,571,000 after acquiring an additional 99,428 shares in the last quarter. Finally, Riverbridge Partners LLC boosted its position in Angel Oak Financial Strategies Income Term Trust by 72.7% during the fourth quarter. Riverbridge Partners LLC now owns 215,510 shares of the company’s stock valued at $2,847,000 after purchasing an additional 90,756 shares during the last quarter.

Angel Oak Financial Strategies Income Term Trust Stock Down 0.2%

Shares of NYSE:FINS traded down $0.03 during trading on Wednesday, hitting $13.14. 35,201 shares of the company’s stock were exchanged, compared to its average volume of 50,883. The firm has a 50-day moving average price of $13.14 and a two-hundred day moving average price of $13.14. Angel Oak Financial Strategies Income Term Trust has a 1-year low of $12.21 and a 1-year high of $13.64.

Angel Oak Financial Strategies Income Term Trust Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend is Friday, January 16th. This represents a c) dividend on an annualized basis and a dividend yield of 10.5%.

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.