Short Interest in Angel Oak Financial Strategies Income Term Trust (NYSE:FINS) Expands By 324.2%

Angel Oak Financial Strategies Income Term Trust (NYSE:FINS) saw a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 36,588 shares, an increase of 324.2% from the August 15th total of 8,625 shares. Based on an average daily trading volume, of 37,010 shares, the short-interest ratio is currently 1.0 days.

Angel Oak Financial Strategies Income Term Trust Price Performance

Shares of NYSE:FINS opened at $12.47 on Friday. The firm has a fifty day simple moving average of $12.64 and a two-hundred day simple moving average of $12.73. Angel Oak Financial Strategies Income Term Trust has a 52 week low of $12.38 and a 52 week high of $13.55.

Angel Oak Financial Strategies Income Term Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th will be given a dividend of $0.115 per share. The ex-dividend date of this dividend is Wednesday, September 16th. This represents a c) annualized dividend and a dividend yield of 11.1%.

Institutional Trading of Angel Oak Financial Strategies Income Term Trust

A number of institutional investors have recently bought and sold shares of FINS. GHP Investment Advisors Inc. bought a new position in Angel Oak Financial Strategies Income Term Trust during the first quarter valued at $32,000. Integrated Wealth Concepts LLC purchased a new position in shares of Angel Oak Financial Strategies Income Term Trust during the 2nd quarter worth about $46,000. Kestra Advisory Services LLC purchased a new position in shares of Angel Oak Financial Strategies Income Term Trust during the 4th quarter worth about $53,000. Fifth Third Bancorp bought a new position in Angel Oak Financial Strategies Income Term Trust during the 1st quarter valued at about $57,000. Finally, Northwestern Mutual Wealth Management Co. bought a new position in Angel Oak Financial Strategies Income Term Trust during the 2nd quarter valued at about $76,000.

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.