Short Interest in Angel Oak Financial Strategies Income Term Trust (NYSE:FINS) Expands By 61.7%

Angel Oak Financial Strategies Income Term Trust (NYSE:FINS) was the target of a large growth in short interest in July. As of July 15th, there was short interest totaling 35,477 shares, a growth of 61.7% from the June 30th total of 21,943 shares. Based on an average trading volume of 46,071 shares, the short-interest ratio is currently 0.8 days.

Angel Oak Financial Strategies Income Term Trust Stock Down 0.0%

Angel Oak Financial Strategies Income Term Trust stock opened at $12.52 on Friday. The firm’s fifty day moving average is $12.72 and its 200 day moving average is $12.86. 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 Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, July 31st. Shareholders of record on Friday, July 17th were given a dividend of $0.115 per share. The ex-dividend date was Friday, July 17th. This represents a c) dividend on an annualized basis and a yield of 11.0%.

Institutional Trading of Angel Oak Financial Strategies Income Term Trust

Several institutional investors have recently added to or reduced their stakes in the company. Sit Investment Associates Inc. increased its stake in Angel Oak Financial Strategies Income Term Trust by 3.2% in the 4th quarter. Sit Investment Associates Inc. now owns 10,285,734 shares of the company’s stock worth $135,875,000 after buying an additional 316,517 shares during the period. Closed End Fund Advisors Inc. bought a new position in Angel Oak Financial Strategies Income Term Trust in the 4th quarter worth about $1,602,000. First Trust Advisors LP grew its stake in Angel Oak Financial Strategies Income Term Trust by 63.5% in the 2nd quarter. First Trust Advisors LP now owns 140,399 shares of the company’s stock worth $1,822,000 after acquiring an additional 54,552 shares in the last quarter. Invesco Ltd. purchased a new position in shares of Angel Oak Financial Strategies Income Term Trust during the fourth quarter worth approximately $525,000. Finally, &PARTNERS increased its position in shares of Angel Oak Financial Strategies Income Term Trust by 168.6% during the fourth quarter. &PARTNERS now owns 51,181 shares of the company’s stock worth $676,000 after acquiring an additional 32,129 shares during the period.

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.