Angel Oak Financial Strategies Income Term Trust (NYSE:FINS) Short Interest Update

Angel Oak Financial Strategies Income Term Trust (NYSE:FINS) was the target of a large growth in short interest in the month of December. As of December 15th, there was short interest totalling 20,900 shares, a growth of 226.6% from the November 30th total of 6,400 shares. Based on an average trading volume of 96,300 shares, the short-interest ratio is currently 0.2 days.

Angel Oak Financial Strategies Income Term Trust Trading Down 0.2 %

Shares of FINS stock traded down $0.03 on Friday, reaching $12.88. The company’s stock had a trading volume of 57,684 shares, compared to its average volume of 61,183. Angel Oak Financial Strategies Income Term Trust has a 12-month low of $11.80 and a 12-month high of $13.30. The stock’s 50 day simple moving average is $12.86 and its 200-day simple moving average is $12.79.

Angel Oak Financial Strategies Income Term Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th will be paid a $0.109 dividend. The ex-dividend date of this dividend is Tuesday, December 17th. This represents a $1.31 dividend on an annualized basis and a yield of 10.16%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Shaker Financial Services LLC purchased a new position in shares of Angel Oak Financial Strategies Income Term Trust during the second quarter worth approximately $1,040,000. HighTower Advisors LLC bought a new position in shares of Angel Oak Financial Strategies Income Term Trust during the 3rd quarter valued at $405,000. Nations Financial Group Inc. IA ADV grew its holdings in shares of Angel Oak Financial Strategies Income Term Trust by 5.0% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 540,794 shares of the company’s stock valued at $7,149,000 after purchasing an additional 25,960 shares during the last quarter. Finally, Stifel Financial Corp raised its position in Angel Oak Financial Strategies Income Term Trust by 10.8% in the 3rd quarter. Stifel Financial Corp now owns 255,413 shares of the company’s stock worth $3,377,000 after purchasing an additional 24,981 shares during the period.

Angel Oak Financial Strategies Income Term Trust Company Profile