Angel Oak Financial Strategies Income Term Trust (NYSE:FINS) Sees Large Growth in Short Interest

Angel Oak Financial Strategies Income Term Trust (NYSE:FINSGet Free Report) was the target of a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 26,100 shares, an increase of 70.6% from the September 30th total of 15,300 shares. Based on an average trading volume of 54,500 shares, the short-interest ratio is currently 0.5 days. Based on an average trading volume of 54,500 shares, the short-interest ratio is currently 0.5 days.

Angel Oak Financial Strategies Income Term Trust Trading Up 0.6%

Shares of FINS stock opened at $13.11 on Monday. Angel Oak Financial Strategies Income Term Trust has a 1-year low of $12.21 and a 1-year high of $13.64. The firm’s 50-day simple moving average is $13.17 and its 200-day simple moving average is $13.09.

Angel Oak Financial Strategies Income Term Trust Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Friday, October 31st. Investors of record on Friday, October 17th were given a dividend of $0.115 per share. This represents a c) dividend on an annualized basis and a yield of 10.5%. The ex-dividend date of this dividend was Friday, October 17th.

Insider Buying and Selling at Angel Oak Financial Strategies Income Term Trust

In related news, insider William Eldredge acquired 1,920 shares of the business’s stock in a transaction dated Tuesday, August 5th. The shares were acquired at an average cost of $13.10 per share, for a total transaction of $25,152.00. Following the acquisition, the insider directly owned 2,940 shares in the company, valued at approximately $38,514. The trade was a 188.24% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website.

Institutional Trading of Angel Oak Financial Strategies Income Term Trust

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Cetera Investment Advisers grew its position in Angel Oak Financial Strategies Income Term Trust by 54.4% in the first quarter. Cetera Investment Advisers now owns 35,459 shares of the company’s stock valued at $478,000 after acquiring an additional 12,487 shares in the last quarter. Envestnet Asset Management Inc. grew its position in Angel Oak Financial Strategies Income Term Trust by 110.7% in the first quarter. Envestnet Asset Management Inc. now owns 53,657 shares of the company’s stock valued at $723,000 after acquiring an additional 28,191 shares in the last quarter. LPL Financial LLC grew its position in Angel Oak Financial Strategies Income Term Trust by 1.4% in the first quarter. LPL Financial LLC now owns 134,685 shares of the company’s stock valued at $1,816,000 after acquiring an additional 1,835 shares in the last quarter. Dakota Wealth Management grew its position in Angel Oak Financial Strategies Income Term Trust by 34.9% in the second quarter. Dakota Wealth Management now owns 83,435 shares of the company’s stock valued at $1,083,000 after acquiring an additional 21,585 shares in the last quarter. Finally, Sit Investment Associates Inc. grew its position in Angel Oak Financial Strategies Income Term Trust by 2.8% in the first quarter. Sit Investment Associates Inc. now owns 5,301,917 shares of the company’s stock valued at $71,470,000 after acquiring an additional 144,353 shares in the last quarter.

Angel Oak Financial Strategies Income Term Trust Company Profile

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