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

Angel Oak Financial Strategies Income Term Trust (NYSE:FINS) was the recipient of a large drop in short interest during the month of October. As of October 15th, there was short interest totalling 5,900 shares, a drop of 60.9% from the September 30th total of 15,100 shares. Based on an average trading volume of 47,900 shares, the short-interest ratio is presently 0.1 days.

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

Several institutional investors and hedge funds have recently bought and sold shares of the company. Dakota Wealth Management lifted its holdings in shares of Angel Oak Financial Strategies Income Term Trust by 1.3% during the second quarter. Dakota Wealth Management now owns 62,600 shares of the company’s stock worth $774,000 after purchasing an additional 825 shares during the period. Shaker Financial Services LLC acquired a new stake in Angel Oak Financial Strategies Income Term Trust during the 2nd quarter valued at approximately $1,040,000. Nations Financial Group Inc. IA ADV boosted its holdings in shares of Angel Oak Financial Strategies Income Term Trust by 2.8% in the 2nd quarter. Nations Financial Group Inc. IA ADV now owns 514,834 shares of the company’s stock valued at $6,368,000 after acquiring an additional 14,039 shares during the last quarter. Finally, Karpus Management Inc. increased its stake in shares of Angel Oak Financial Strategies Income Term Trust by 6.8% in the first quarter. Karpus Management Inc. now owns 4,509,636 shares of the company’s stock worth $56,325,000 after acquiring an additional 285,911 shares during the period.

Angel Oak Financial Strategies Income Term Trust Trading Down 0.2 %

NYSE FINS traded down $0.03 on Monday, reaching $13.00. 21,851 shares of the stock traded hands, compared to its average volume of 50,043. Angel Oak Financial Strategies Income Term Trust has a 12 month low of $11.71 and a 12 month high of $13.30. The company has a fifty day moving average price of $13.04 and a 200-day moving average price of $12.67.

Angel Oak Financial Strategies Income Term Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, October 31st. Investors of record on Thursday, October 17th will be paid a dividend of $0.109 per share. This represents a $1.31 dividend on an annualized basis and a dividend yield of 10.06%. The ex-dividend date of this dividend is Thursday, October 17th.

About Angel Oak Financial Strategies Income Term Trust