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

Angel Oak Financial Strategies Income Term Trust (NYSE:FINS) was the target of a significant decline in short interest in March. As of March 15th, there was short interest totalling 17,200 shares, a decline of 67.4% from the February 28th total of 52,800 shares. Based on an average daily trading volume, of 55,900 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in FINS. Sit Investment Associates Inc. raised its holdings in Angel Oak Financial Strategies Income Term Trust by 57.2% during the fourth quarter. Sit Investment Associates Inc. now owns 5,157,564 shares of the company’s stock worth $65,501,000 after purchasing an additional 1,877,565 shares in the last quarter. Wells Fargo & Company MN raised its stake in Angel Oak Financial Strategies Income Term Trust by 536.2% during the 4th quarter. Wells Fargo & Company MN now owns 1,110,241 shares of the company’s stock worth $14,100,000 after acquiring an additional 935,731 shares in the last quarter. Stifel Financial Corp lifted its position in Angel Oak Financial Strategies Income Term Trust by 14.9% in the fourth quarter. Stifel Financial Corp now owns 293,440 shares of the company’s stock valued at $3,727,000 after acquiring an additional 38,027 shares during the last quarter. Noble Wealth Management PBC acquired a new position in Angel Oak Financial Strategies Income Term Trust in the fourth quarter valued at $2,421,000. Finally, Shaker Financial Services LLC increased its position in shares of Angel Oak Financial Strategies Income Term Trust by 56.5% during the fourth quarter. Shaker Financial Services LLC now owns 154,668 shares of the company’s stock worth $1,964,000 after purchasing an additional 55,865 shares in the last quarter.

Angel Oak Financial Strategies Income Term Trust Stock Down 0.1 %

NYSE:FINS traded down $0.02 during mid-day trading on Friday, hitting $13.53. The stock had a trading volume of 44,172 shares, compared to its average volume of 55,313. Angel Oak Financial Strategies Income Term Trust has a twelve month low of $12.10 and a twelve month high of $13.64. The stock has a 50-day simple moving average of $13.36 and a two-hundred day simple moving average of $13.11.

Angel Oak Financial Strategies Income Term Trust Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Tuesday, March 4th will be paid a $0.109 dividend. This represents a $1.31 dividend on an annualized basis and a yield of 9.67%. The ex-dividend date is Tuesday, March 4th.

Angel Oak Financial Strategies Income Term Trust Company Profile