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

Angel Oak Financial Strategies Income Term Trust (NYSE:FINS) was the recipient of a significant drop in short interest in the month of July. As of July 31st, there was short interest totaling 16,923 shares, a drop of 52.3% from the July 15th total of 35,477 shares. Based on an average daily volume of 38,108 shares, the short-interest ratio is presently 0.4 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in FINS. Cetera Investment Advisers grew its holdings in shares of Angel Oak Financial Strategies Income Term Trust by 3.7% in the 2nd quarter. Cetera Investment Advisers now owns 36,783 shares of the company’s stock worth $477,000 after purchasing an additional 1,324 shares during the last quarter. Choreo LLC lifted its holdings in Angel Oak Financial Strategies Income Term Trust by 5.0% during the 4th quarter. Choreo LLC now owns 28,746 shares of the company’s stock valued at $379,000 after purchasing an additional 1,365 shares during the last quarter. Wedbush Securities Inc. lifted its holdings in Angel Oak Financial Strategies Income Term Trust by 11.8% during the 4th quarter. Wedbush Securities Inc. now owns 17,980 shares of the company’s stock valued at $238,000 after purchasing an additional 1,894 shares during the last quarter. GHP Investment Advisors Inc. bought a new position in Angel Oak Financial Strategies Income Term Trust during the 1st quarter valued at about $32,000. Finally, Kestra Advisory Services LLC acquired a new position in Angel Oak Financial Strategies Income Term Trust in the fourth quarter valued at about $53,000.

Angel Oak Financial Strategies Income Term Trust Trading Down 0.2%

Shares of FINS stock traded down $0.02 during trading hours on Friday, hitting $12.66. The company had a trading volume of 45,511 shares, compared to its average volume of 46,817. Angel Oak Financial Strategies Income Term Trust has a 12 month low of $12.38 and a 12 month high of $13.55. The firm’s fifty day moving average is $12.69 and its 200 day moving average is $12.82.

Angel Oak Financial Strategies Income Term Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 17th will be paid a $0.115 dividend. The ex-dividend date of this dividend is Monday, August 17th. This represents a c) annualized dividend and a yield of 10.9%.

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.