Angel Oak Financial Strategies Income Term Trust (NYSE:FINS) Stock Short Interest Report for September

Angel Oak Financial Strategies Income Term Trust (NYSE:FINS) saw a significant decline in short interest in the month of September. As of September 30th, there was short interest totaling 26,541 shares, a decline of 36.2% from the September 15th total of 41,589 shares. Based on an average daily trading volume, of 60,914 shares, the days-to-cover ratio is presently 0.4 days.

Angel Oak Financial Strategies Income Term Trust Stock Down 0.8%

Shares of FINS stock opened at $12.02 on Friday. Angel Oak Financial Strategies Income Term Trust has a 12 month low of $11.82 and a 12 month high of $13.45. The company has a 50 day simple moving average of $12.33 and a two-hundred day simple moving average of $12.59.

Angel Oak Financial Strategies Income Term Trust Announces Dividend

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

Institutional Investors Weigh In On Angel Oak Financial Strategies Income Term Trust

A number of hedge funds have recently modified their holdings of the business. Envestnet Asset Management Inc. increased its stake in shares of Angel Oak Financial Strategies Income Term Trust by 25.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 300,777 shares of the company’s stock worth $3,850,000 after purchasing an additional 61,374 shares in the last quarter. Riverbridge Partners LLC lifted its position in Angel Oak Financial Strategies Income Term Trust by 8.3% during the first quarter. Riverbridge Partners LLC now owns 233,477 shares of the company’s stock valued at $2,977,000 after purchasing an additional 17,967 shares in the last quarter. First Trust Advisors LP lifted its position in 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 valued at $2,589,000 after purchasing an additional 15,750 shares in the last quarter. Corient Private Wealth LP lifted its position in Angel Oak Financial Strategies Income Term Trust by 35.6% during the second quarter. Corient Private Wealth LP now owns 40,666 shares of the company’s stock valued at $521,000 after purchasing an additional 10,666 shares in the last quarter. Finally, Mayflower Financial Advisors LLC purchased a new position in Angel Oak Financial Strategies Income Term Trust during the first quarter valued at $238,000.

About Angel Oak Financial Strategies Income Term Trust

Angel Oak Financial Strategies Income Term Trust (NYSE:FINS) is a non-diversified, closed-end investment company managed by Angel Oak Capital Advisors, LLC. The fund seeks to provide investors with current income and, as a secondary objective, capital appreciation through a portfolio focused primarily on the financial services sector.

FINS invests in a range of income-producing financial securities, which may include corporate debt, bank loans, mortgage-related securities, asset-backed securities, collateralized loan obligations and other debt or equity investments issued by financial institutions and related companies.