Angel Oak Financial Strategies Income Term Trust (NYSE:FINS) Short Interest Up 605.9% in September

Angel Oak Financial Strategies Income Term Trust (NYSE:FINS) was the recipient of a large growth in short interest during the month of September. As of September 30th, there was short interest totalling 156,000 shares, a growth of 605.9% from the September 15th total of 22,100 shares. Based on an average daily volume of 63,300 shares, the days-to-cover ratio is currently 2.5 days.

FINS stock traded down $0.06 during trading on Thursday, hitting $16.74. 365,184 shares of the company traded hands, compared to its average volume of 53,152. Angel Oak Financial Strategies Income Term Trust has a 1 year low of $16.03 and a 1 year high of $18.53. The company has a 50-day moving average of $17.84 and a 200-day moving average of $18.00.

The firm also recently announced a monthly dividend, which will be paid on Friday, October 29th. Shareholders of record on Tuesday, October 5th will be issued a $0.1085 dividend. This is a positive change from Angel Oak Financial Strategies Income Term Trust’s previous monthly dividend of $0.11. The ex-dividend date is Monday, October 4th. This represents a $1.30 dividend on an annualized basis and a dividend yield of 7.78%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Howard Wealth Management LLC increased its holdings in shares of Angel Oak Financial Strategies Income Term Trust by 6.8% in the second quarter. Howard Wealth Management LLC now owns 17,180 shares of the company’s stock worth $308,000 after purchasing an additional 1,100 shares during the last quarter. Chicago Partners Investment Group LLC boosted its holdings in shares of Angel Oak Financial Strategies Income Term Trust by 3.3% in the second quarter. Chicago Partners Investment Group LLC now owns 85,671 shares of the company’s stock valued at $1,563,000 after purchasing an additional 2,761 shares during the period. Wedbush Securities Inc. lifted its holdings in Angel Oak Financial Strategies Income Term Trust by 12.9% during the second quarter. Wedbush Securities Inc. now owns 29,124 shares of the company’s stock worth $524,000 after buying an additional 3,338 shares during the period. Stifel Financial Corp lifted its holdings in Angel Oak Financial Strategies Income Term Trust by 40.2% during the second quarter. Stifel Financial Corp now owns 17,993 shares of the company’s stock worth $324,000 after buying an additional 5,159 shares during the period. Finally, Royal Bank of Canada increased its position in shares of Angel Oak Financial Strategies Income Term Trust by 3.1% during the first quarter. Royal Bank of Canada now owns 397,580 shares of the company’s stock worth $6,926,000 after purchasing an additional 12,079 shares in the last quarter.

About Angel Oak Financial Strategies Income Term Trust

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