Angel Oak Financial Strategies Income Term Trust (NYSE:FINS) Short Interest Update

Angel Oak Financial Strategies Income Term Trust (NYSE:FINS) was the target of a large growth in short interest in the month of January. As of January 15th, there was short interest totaling 20,158 shares, a growth 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.

Angel Oak Financial Strategies Income Term Trust Trading Up 0.8%

NYSE FINS traded up $0.11 during mid-day trading on Friday, hitting $13.26. The company’s stock had a trading volume of 92,933 shares, compared to its average volume of 55,987. Angel Oak Financial Strategies Income Term Trust has a 52-week low of $12.21 and a 52-week high of $13.64. The stock’s fifty 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 Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, January 30th. Investors of record on Friday, January 16th will be issued a $0.115 dividend. This represents a c) annualized dividend and a yield of 10.4%. The ex-dividend date is Friday, January 16th.

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

Several institutional investors and hedge funds have recently modified their holdings of FINS. Mountain Hill Investment Partners Corp. lifted its position in shares of Angel Oak Financial Strategies Income Term Trust by 33.3% during the second quarter. Mountain Hill Investment Partners Corp. now owns 3,333 shares of the company’s stock worth $43,000 after purchasing an additional 833 shares in the last quarter. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Angel Oak Financial Strategies Income Term Trust during the 2nd quarter valued at approximately $76,000. PFG Investments LLC acquired a new stake in shares of Angel Oak Financial Strategies Income Term Trust during the third quarter worth $132,000. Bank of America Corp DE bought a new position in Angel Oak Financial Strategies Income Term Trust in the second quarter worth about $141,000. Finally, Ignite Planners LLC lifted its holdings in Angel Oak Financial Strategies Income Term Trust by 12.3% in the second quarter. Ignite Planners LLC now owns 11,620 shares of the company’s stock worth $150,000 after acquiring an additional 1,271 shares during the last quarter.

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.