Angel Oak Financial Strategies Income Term Trust (NYSE:FINS) Shares Shorted: Short Interest Up 86.9% in October

Angel Oak Financial Strategies Income Term Trust (NYSE:FINS) was the target of a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 49,593 shares, an increase of 86.9% from the September 30th total of 26,541 shares. Based on an average trading volume of 37,078 shares, the days-to-cover ratio is currently 1.3 days.

Institutional Trading of Angel Oak Financial Strategies Income Term Trust

Institutional investors have recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. raised its stake in shares of Angel Oak Financial Strategies Income Term Trust by 25.6% during the second quarter. Envestnet Asset Management Inc. now owns 300,777 shares of the company’s stock valued at $3,850,000 after acquiring an additional 61,374 shares during the last quarter. First Trust Advisors LP boosted its holdings in shares of Angel Oak Financial Strategies Income Term Trust by 8.4% during the first quarter. First Trust Advisors LP now owns 203,077 shares of the company’s stock worth $2,589,000 after purchasing an additional 15,750 shares during the period. Corient Private Wealth LP grew its stake in shares of Angel Oak Financial Strategies Income Term Trust by 35.6% in the second quarter. Corient Private Wealth LP now owns 40,666 shares of the company’s stock worth $521,000 after purchasing an additional 10,666 shares during the last quarter. Chicago Partners Investment Group LLC bought a new stake in shares of Angel Oak Financial Strategies Income Term Trust in the third quarter worth about $194,000. Finally, Susquehanna International Group LLP bought a new stake in shares of Angel Oak Financial Strategies Income Term Trust in the second quarter worth about $145,000.

Angel Oak Financial Strategies Income Term Trust Trading Up 1.3%

FINS stock traded up $0.15 during mid-day trading on Monday, hitting $12.03. 92,135 shares of the stock were exchanged, compared to its average volume of 47,432. The business has a fifty day moving average price of $12.16 and a 200 day moving average price of $12.67. Angel Oak Financial Strategies Income Term Trust has a 12 month low of $11.61 and a 12 month high of $13.45.

Angel Oak Financial Strategies Income Term Trust Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Friday, October 30th. Shareholders of record on Friday, October 16th were paid a dividend of $0.1150 per share. The ex-dividend date of this dividend was Friday, October 16th. This represents a $1.38 annualized dividend and a dividend yield of 11.5%.

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.