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

by · The Markets Daily

Angel Oak Financial Strategies Income Term Trust (NYSE:FINS – Get Free Report) was the recipient of a significant decrease in short interest during the month of July. As of July 31st, there was short interest totaling 16,923 shares, a decrease of 52.3% from the July 15th total of 35,477 shares. Based on an average trading volume of 38,108 shares, the short-interest ratio is presently 0.4 days.

Angel Oak Financial Strategies Income Term Trust Stock Performance

NYSE FINS traded down $0.02 during trading on Friday, hitting $12.66. 45,511 shares of the stock traded hands, compared to its average volume of 46,817. The firm has a 50-day simple moving average of $12.69 and a 200-day simple moving average of $12.82. Angel Oak Financial Strategies Income Term Trust has a 12-month low of $12.38 and a 12-month high of $13.55.

Angel Oak Financial Strategies Income Term Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 17th will be given a dividend of $0.115 per share. This represents a c) dividend on an annualized basis and a dividend yield of 10.9%. The ex-dividend date is Monday, August 17th.

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

Several large investors have recently bought and sold shares of FINS. GHP Investment Advisors Inc. acquired a new stake in Angel Oak Financial Strategies Income Term Trust during the 1st quarter valued at approximately $32,000. Kestra Advisory Services LLC purchased a new position in shares of Angel Oak Financial Strategies Income Term Trust during the 4th quarter worth about $53,000. Fifth Third Bancorp bought a new position in Angel Oak Financial Strategies Income Term Trust during the 1st quarter valued at about $57,000. Northwestern Mutual Wealth Management Co. bought a new position in Angel Oak Financial Strategies Income Term Trust during the 2nd quarter valued at about $76,000. Finally, Bank of America Corp DE purchased a new stake in Angel Oak Financial Strategies Income Term Trust in the 2nd quarter worth about $141,000.

About Angel Oak Financial Strategies Income Term Trust

(Get Free Report)

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.

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