Angel Oak Financial Strategies Income Term Trust (NYSE:FINS – Get Free Report) was the recipient of a large increase in short interest during 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 days-to-cover ratio is currently 0.8 days.
Hedge Funds Weigh In On Angel Oak Financial Strategies Income Term Trust
Several hedge funds and other institutional investors have recently made changes to their positions in the business. Closed End Fund Advisors Inc. acquired a new stake in Angel Oak Financial Strategies Income Term Trust in the 4th quarter valued at approximately $1,602,000. Fifth Third Bancorp bought a new position in shares of Angel Oak Financial Strategies Income Term Trust in the first quarter worth $57,000. Kestra Advisory Services LLC acquired a new position in shares of Angel Oak Financial Strategies Income Term Trust during the fourth quarter valued at $53,000. Bank of America Corp DE bought a new stake in shares of Angel Oak Financial Strategies Income Term Trust during the second quarter valued at about $141,000. Finally, StoneX Group Inc. bought a new stake in shares of Angel Oak Financial Strategies Income Term Trust during the fourth quarter valued at about $203,000.
Angel Oak Financial Strategies Income Term Trust Stock Performance
FINS stock traded down $0.01 during mid-day trading on Friday, reaching $12.52. The company 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 simple moving average is $12.72 and its two-hundred day simple moving average is $12.86.
Angel Oak Financial Strategies Income Term Trust Announces Dividend
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.
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