Angel Oak Financial Strategies Income Term Trust (NYSE:FINS) Short Interest Down 63.0% in December

Angel Oak Financial Strategies Income Term Trust (NYSE:FINS) was the target of a significant decrease in short interest in the month of December. As of December 15th, there was short interest totaling 7,437 shares, a decrease of 63.0% from the November 30th total of 20,111 shares. Based on an average trading volume of 108,302 shares, the days-to-cover ratio is presently 0.1 days. Based on an average trading volume of 108,302 shares, the days-to-cover ratio is presently 0.1 days.

Hedge Funds Weigh In On Angel Oak Financial Strategies Income Term Trust

Large investors have recently made changes to their positions in the stock. Karpus Management Inc. lifted its position in shares of Angel Oak Financial Strategies Income Term Trust by 56.2% during the 2nd quarter. Karpus Management Inc. now owns 5,531,335 shares of the company’s stock valued at $71,797,000 after acquiring an additional 1,989,029 shares during the period. Advisors Asset Management Inc. raised its holdings in Angel Oak Financial Strategies Income Term Trust by 4.0% during the third quarter. Advisors Asset Management Inc. now owns 366,396 shares of the company’s stock worth $4,803,000 after purchasing an additional 14,220 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in Angel Oak Financial Strategies Income Term Trust by 118.8% during the third quarter. Envestnet Asset Management Inc. now owns 323,212 shares of the company’s stock worth $4,237,000 after purchasing an additional 175,483 shares in the last quarter. Royal Bank of Canada boosted its position in Angel Oak Financial Strategies Income Term Trust by 2.9% during the first quarter. Royal Bank of Canada now owns 288,945 shares of the company’s stock worth $3,895,000 after purchasing an additional 8,146 shares in the last quarter. Finally, Thomas J. Herzfeld Advisors Inc. acquired a new stake in Angel Oak Financial Strategies Income Term Trust in the second quarter valued at $2,641,000.

Angel Oak Financial Strategies Income Term Trust Price Performance

Shares of NYSE:FINS traded down $0.03 on Friday, reaching $13.12. The company’s stock had a trading volume of 114,743 shares, compared to its average volume of 57,204. 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 50-day moving average is $13.10 and its two-hundred day moving average is $13.09.

Angel Oak Financial Strategies Income Term Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 17th will be issued a $0.115 dividend. The ex-dividend date of this dividend is Wednesday, December 17th. This represents a c) dividend on an annualized basis and a yield of 10.5%.

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.