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

Angel Oak Financial Strategies Income Term Trust (NYSE:FINS) was the recipient of a significant decline in short interest during the month of October. As of October 30th, there was short interest totaling 7,509 shares, a decline of 84.9% from the October 15th total of 49,593 shares. Based on an average daily volume of 56,476 shares, the days-to-cover ratio is currently 0.1 days.

Angel Oak Financial Strategies Income Term Trust Stock Down 0.8%

Angel Oak Financial Strategies Income Term Trust stock traded down $0.10 during trading hours on Thursday, hitting $11.75. The stock had a trading volume of 129,098 shares, compared to its average volume of 48,072. Angel Oak Financial Strategies Income Term Trust has a 1-year low of $11.61 and a 1-year high of $13.45. The stock’s fifty day moving average is $12.05 and its two-hundred day moving average is $12.62.

Angel Oak Financial Strategies Income Term Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, November 30th. Shareholders of record on Monday, November 16th will be given a dividend of $0.1150 per share. The ex-dividend date is Monday, November 16th. This represents a $1.38 dividend on an annualized basis and a yield of 11.7%.

Hedge Funds Weigh In On Angel Oak Financial Strategies Income Term Trust

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Mayflower Financial Advisors LLC grew its position in shares of Angel Oak Financial Strategies Income Term Trust by 35.7% in the third quarter. Mayflower Financial Advisors LLC now owns 25,378 shares of the company’s stock valued at $303,000 after purchasing an additional 6,678 shares during the last quarter. Advisors Asset Management Inc. purchased a new position in shares of Angel Oak Financial Strategies Income Term Trust during the 3rd quarter worth approximately $3,523,000. Private Advisor Group LLC raised its position in shares of Angel Oak Financial Strategies Income Term Trust by 29.9% during the 3rd quarter. Private Advisor Group LLC now owns 14,339 shares of the company’s stock worth $171,000 after purchasing an additional 3,300 shares during the last quarter. IFG Advisory LLC raised its position in shares of Angel Oak Financial Strategies Income Term Trust by 57.8% during the 3rd quarter. IFG Advisory LLC now owns 6,325 shares of the company’s stock worth $75,000 after purchasing an additional 2,316 shares during the last quarter. Finally, Chicago Partners Investment Group LLC acquired a new position in shares of Angel Oak Financial Strategies Income Term Trust during the 3rd quarter worth approximately $194,000.

Angel Oak Financial Strategies Income Term Trust Company Profile

Angel Oak Financial Strategies Income Term Trust (NYSE:FINS) is a closed-end investment company managed by Angel Oak Capital Advisors, LLC. The fund seeks to provide current income and, as a secondary objective, capital appreciation by investing primarily in debt and other income-producing securities issued by or associated with financial institutions and financial services companies. FINS may invest across a range of financial assets, including bank loans, corporate debt, mortgage-related securities, structured credit and other securities linked to the financial sector.