Angel Oak Financial Strategies Income Term Trust (NYSE:FINS) Short Interest Down 13.3% in January

Posted by Hayley Millar on Feb 16th, 2025

Angel Oak Financial Strategies Income Term Trust (NYSE:FINS – Get Free Report) was the recipient of a significant drop in short interest during the month of January. As of January 31st, there was short interest totalling 51,600 shares, a drop of 13.3% from the January 15th total of 59,500 shares. Based on an average trading volume of 99,100 shares, the days-to-cover ratio is presently 0.5 days.

Angel Oak Financial Strategies Income Term Trust Price Performance

Angel Oak Financial Strategies Income Term Trust stock traded down $0.11 during midday trading on Friday, reaching $13.34. The stock had a trading volume of 46,227 shares, compared to its average volume of 55,278. Angel Oak Financial Strategies Income Term Trust has a twelve month low of $12.10 and a twelve month high of $13.55. The stock’s 50-day simple moving average is $13.08 and its 200 day simple moving average is $12.98.

Angel Oak Financial Strategies Income Term Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Tuesday, March 4th will be issued a $0.109 dividend. This represents a $1.31 dividend on an annualized basis and a yield of 9.81%. The ex-dividend date of this dividend is Tuesday, March 4th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Mountain Hill Investment Partners Corp. acquired a new position in shares of Angel Oak Financial Strategies Income Term Trust in the fourth quarter worth about $32,000. Worth Asset Management LLC acquired a new position in shares of Angel Oak Financial Strategies Income Term Trust in the fourth quarter worth about $139,000. Catalina Capital Group LLC acquired a new position in shares of Angel Oak Financial Strategies Income Term Trust in the fourth quarter worth about $204,000. Wedbush Securities Inc. lifted its stake in shares of Angel Oak Financial Strategies Income Term Trust by 12.0% in the fourth quarter. Wedbush Securities Inc. now owns 17,759 shares of the company’s stock worth $226,000 after acquiring an additional 1,900 shares in the last quarter. Finally, Comerica Bank lifted its stake in shares of Angel Oak Financial Strategies Income Term Trust by 160.9% in the fourth quarter. Comerica Bank now owns 19,612 shares of the company’s stock worth $249,000 after acquiring an additional 12,096 shares in the last quarter.