Angel Oak Financial Strategies Income Term Trust (NYSE:FINS) Sees Significant Increase in Short Interest

Angel Oak Financial Strategies Income Term Trust (NYSE:FINS) saw a significant increase in short interest in the month of October. As of October 31st, there was short interest totalling 8,500 shares, an increase of 44.1% from the October 15th total of 5,900 shares. Based on an average daily volume of 58,700 shares, the short-interest ratio is currently 0.1 days.

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

Several hedge funds have recently added to or reduced their stakes in the stock. Dakota Wealth Management boosted its holdings in Angel Oak Financial Strategies Income Term Trust by 1.3% in the second quarter. Dakota Wealth Management now owns 62,600 shares of the company’s stock worth $774,000 after acquiring an additional 825 shares in the last quarter. Nations Financial Group Inc. IA ADV boosted its holdings in Angel Oak Financial Strategies Income Term Trust by 2.8% in the second quarter. Nations Financial Group Inc. IA ADV now owns 514,834 shares of the company’s stock worth $6,368,000 after acquiring an additional 14,039 shares in the last quarter. Shaker Financial Services LLC boosted its holdings in Angel Oak Financial Strategies Income Term Trust by 17.5% in the third quarter. Shaker Financial Services LLC now owns 98,803 shares of the company’s stock worth $1,306,000 after acquiring an additional 14,732 shares in the last quarter. Stifel Financial Corp lifted its holdings in shares of Angel Oak Financial Strategies Income Term Trust by 10.8% during the third quarter. Stifel Financial Corp now owns 255,413 shares of the company’s stock valued at $3,377,000 after purchasing an additional 24,981 shares in the last quarter. Finally, HighTower Advisors LLC bought a new position in shares of Angel Oak Financial Strategies Income Term Trust during the third quarter valued at $405,000.

Angel Oak Financial Strategies Income Term Trust Price Performance

FINS stock traded down $0.03 during midday trading on Friday, hitting $12.63. The stock had a trading volume of 209,725 shares, compared to its average volume of 55,377. The business has a 50-day moving average of $13.08 and a two-hundred day moving average of $12.72. Angel Oak Financial Strategies Income Term Trust has a 52-week low of $11.71 and a 52-week high of $13.30.

Angel Oak Financial Strategies Income Term Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be paid a $0.109 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.31 annualized dividend and a yield of 10.36%.

Angel Oak Financial Strategies Income Term Trust Company Profile