Angel Oak Financial Strategies Income Term Trust (NYSE:FINS) Short Interest Down 15.9% in February

Angel Oak Financial Strategies Income Term Trust (NYSE:FINS) was the recipient of a large decrease in short interest in February. As of February 27th, there was short interest totaling 24,551 shares, a decrease of 15.9% from the February 12th total of 29,209 shares. Based on an average daily trading volume, of 70,999 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily trading volume, of 70,999 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FINS. Kestra Advisory Services LLC purchased a new stake in shares of Angel Oak Financial Strategies Income Term Trust during the fourth quarter worth about $53,000. Northwestern Mutual Wealth Management Co. acquired a new stake in Angel Oak Financial Strategies Income Term Trust during the second quarter worth approximately $76,000. PFG Investments LLC purchased a new stake in Angel Oak Financial Strategies Income Term Trust in the 3rd quarter worth approximately $132,000. Bank of America Corp DE acquired a new position in Angel Oak Financial Strategies Income Term Trust in the 2nd quarter valued at $141,000. Finally, StoneX Group Inc. acquired a new position in Angel Oak Financial Strategies Income Term Trust in the 4th quarter valued at $203,000.

Angel Oak Financial Strategies Income Term Trust Stock Performance

Angel Oak Financial Strategies Income Term Trust stock traded down $0.02 during mid-day trading on Wednesday, hitting $12.66. 17,440 shares of the company were exchanged, compared to its average volume of 61,854. Angel Oak Financial Strategies Income Term Trust has a 12-month low of $12.21 and a 12-month high of $13.64. The business’s 50 day simple moving average is $13.15 and its two-hundred day simple moving average is $13.14.

Angel Oak Financial Strategies Income Term Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th will be given a dividend of $0.115 per share. This represents a c) dividend on an annualized basis and a yield of 10.9%. The ex-dividend date is Tuesday, March 17th.

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.