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

Angel Oak Financial Strategies Income Term Trust (NYSE:FINS) was the target of a large growth in short interest in September. As of September 30th, there was short interest totalling 15,100 shares, a growth of 139.7% from the September 15th total of 6,300 shares. Based on an average daily volume of 49,000 shares, the short-interest ratio is currently 0.3 days.

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

Several institutional investors have recently added to or reduced their stakes in the company. Shaker Financial Services LLC purchased a new position in Angel Oak Financial Strategies Income Term Trust during the 2nd quarter valued at $1,040,000. Nations Financial Group Inc. IA ADV increased its stake in shares of Angel Oak Financial Strategies Income Term Trust by 2.8% during the second quarter. Nations Financial Group Inc. IA ADV now owns 514,834 shares of the company’s stock valued at $6,368,000 after purchasing an additional 14,039 shares in the last quarter. Dakota Wealth Management raised its stake in Angel Oak Financial Strategies Income Term Trust by 1.3% during the second quarter. Dakota Wealth Management now owns 62,600 shares of the company’s stock valued at $774,000 after buying an additional 825 shares during the last quarter. Karpus Management Inc. raised its position in shares of Angel Oak Financial Strategies Income Term Trust by 6.8% in the 1st quarter. Karpus Management Inc. now owns 4,509,636 shares of the company’s stock worth $56,325,000 after purchasing an additional 285,911 shares during the last quarter. Finally, Fisher Asset Management LLC bought a new position in shares of Angel Oak Financial Strategies Income Term Trust in the fourth quarter worth approximately $220,000.

Angel Oak Financial Strategies Income Term Trust Price Performance

Shares of NYSE FINS opened at $13.25 on Friday. The business has a 50-day moving average of $12.96 and a 200-day moving average of $12.62. Angel Oak Financial Strategies Income Term Trust has a 12 month low of $11.66 and a 12 month high of $13.30.

Angel Oak Financial Strategies Income Term Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 17th will be issued a $0.109 dividend. The ex-dividend date is Thursday, October 17th. This represents a $1.31 annualized dividend and a dividend yield of 9.87%.

About Angel Oak Financial Strategies Income Term Trust