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 significant growth in short interest during the month of February. As of February 13th, there was short interest totaling 29,209 shares, a growth of 59.8% from the January 29th total of 18,275 shares. Based on an average daily trading volume, of 45,420 shares, the days-to-cover ratio is presently 0.6 days. Based on an average daily trading volume, of 45,420 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Trading of Angel Oak Financial Strategies Income Term Trust

Hedge funds have recently modified their holdings of the company. Karpus Management Inc. raised its holdings in 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 worth $71,797,000 after buying an additional 1,989,029 shares during the period. Sit Investment Associates Inc. boosted its holdings in shares of 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 valued at $135,875,000 after buying an additional 316,517 shares during the last quarter. Thomas J. Herzfeld Advisors Inc. bought a new position in shares of Angel Oak Financial Strategies Income Term Trust in the 2nd quarter valued at about $2,641,000. Envestnet Asset Management Inc. increased 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 buying an additional 175,483 shares during the last quarter. Finally, Closed End Fund Advisors Inc. acquired a new position in shares of Angel Oak Financial Strategies Income Term Trust during the 4th quarter worth approximately $1,602,000.

Angel Oak Financial Strategies Income Term Trust Stock Down 0.1%

FINS traded down $0.01 during mid-day trading on Friday, reaching $13.18. The stock had a trading volume of 32,935 shares, compared to its average volume of 56,716. The firm’s fifty day simple moving average is $13.22 and its two-hundred day simple moving average is $13.17. Angel Oak Financial Strategies Income Term Trust has a 52 week low of $12.21 and a 52 week high of $13.64.

Angel Oak Financial Strategies Income Term Trust Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 13th were paid a dividend of $0.115 per share. This represents a c) dividend on an annualized basis and a dividend yield of 10.5%. The ex-dividend date of this dividend was Friday, February 13th.

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.