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

Angel Oak Financial Strategies Income Term Trust (NYSE:FINS) saw a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 35,477 shares, an increase of 61.7% from the June 30th total of 21,943 shares. Based on an average daily 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%

Shares of FINS traded down $0.01 during mid-day trading on Friday, hitting $12.52. The company’s stock had a trading volume of 29,206 shares, compared to its average volume of 47,396. Angel Oak Financial Strategies Income Term Trust has a one year low of $12.38 and a one year high of $13.55. The stock’s 50-day moving average is $12.72 and its two-hundred day moving average is $12.86.

Angel Oak Financial Strategies Income Term Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 17th will be paid a dividend of $0.115 per share. This represents a c) annualized dividend and a yield of 11.0%. The ex-dividend date is Friday, July 17th.

Institutional Trading of Angel Oak Financial Strategies Income Term Trust

A number of hedge funds have recently bought and sold shares of FINS. GHP Investment Advisors Inc. bought a new position in shares of Angel Oak Financial Strategies Income Term Trust during the 1st quarter worth about $32,000. Kestra Advisory Services LLC bought a new stake in shares of Angel Oak Financial Strategies Income Term Trust in the fourth quarter valued at about $53,000. Fifth Third Bancorp acquired a new stake in Angel Oak Financial Strategies Income Term Trust during the first quarter worth about $57,000. Northwestern Mutual Wealth Management Co. acquired a new stake in Angel Oak Financial Strategies Income Term Trust during the second quarter worth about $76,000. Finally, Bank of America Corp DE bought a new position in Angel Oak Financial Strategies Income Term Trust during the second quarter valued at about $141,000.

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.