Angel Oak Financial Strategies Income Term Trust (NYSE:FINS) Stock Short Interest Drops 36.2%

Angel Oak Financial Strategies Income Term Trust (NYSE:FINS) saw a large drop in short interest in September. As of September 30th, there was short interest totaling 26,541 shares, a drop of 36.2% from the September 15th total of 41,589 shares. Based on an average trading volume of 60,914 shares, the days-to-cover ratio is currently 0.4 days.

Angel Oak Financial Strategies Income Term Trust Price Performance

Angel Oak Financial Strategies Income Term Trust stock opened at $12.07 on Friday. The company’s 50-day moving average price is $12.34 and its two-hundred day moving average price is $12.59. Angel Oak Financial Strategies Income Term Trust has a 52 week low of $11.82 and a 52 week high of $13.45.

Angel Oak Financial Strategies Income Term Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, October 30th. Shareholders of record on Friday, October 16th will be given a $0.1150 dividend. The ex-dividend date is Friday, October 16th. This represents a $1.38 dividend on an annualized basis and a yield of 11.4%.

Institutional Trading of Angel Oak Financial Strategies Income Term Trust

Large investors have recently made changes to their positions in the stock. Envestnet Asset Management Inc. grew its stake in Angel Oak Financial Strategies Income Term Trust by 25.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 300,777 shares of the company’s stock valued at $3,850,000 after buying an additional 61,374 shares during the last quarter. Mayflower Financial Advisors LLC acquired a new stake in shares of Angel Oak Financial Strategies Income Term Trust during the 1st quarter valued at about $238,000. Riverbridge Partners LLC grew its stake in shares of Angel Oak Financial Strategies Income Term Trust by 8.3% in the 1st quarter. Riverbridge Partners LLC now owns 233,477 shares of the company’s stock valued at $2,977,000 after purchasing an additional 17,967 shares during the period. First Trust Advisors LP boosted its stake in shares of Angel Oak Financial Strategies Income Term Trust by 8.4% in the 1st quarter. First Trust Advisors LP now owns 203,077 shares of the company’s stock valued at $2,589,000 after purchasing an additional 15,750 shares in the last quarter. Finally, Susquehanna International Group LLP acquired a new position in Angel Oak Financial Strategies Income Term Trust in the second quarter valued at about $145,000.

About Angel Oak Financial Strategies Income Term Trust

Angel Oak Financial Strategies Income Term Trust (NYSE:FINS) is a non-diversified, closed-end investment company managed by Angel Oak Capital Advisors, LLC. The fund seeks to provide investors with current income and, as a secondary objective, capital appreciation through a portfolio focused primarily on the financial services sector.

FINS invests in a range of income-producing financial securities, which may include corporate debt, bank loans, mortgage-related securities, asset-backed securities, collateralized loan obligations and other debt or equity investments issued by financial institutions and related companies.