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

Angel Oak Financial Strategies Income Term Trust (NYSE:FINS) was the target of a large decrease in short interest in October. As of October 30th, there was short interest totaling 7,509 shares, a decrease of 84.9% from the October 15th total of 49,593 shares. Based on an average trading volume of 56,476 shares, the short-interest ratio is currently 0.1 days.

Angel Oak Financial Strategies Income Term Trust Stock Performance

NYSE:FINS traded down $0.04 during midday trading on Friday, hitting $11.68. 31,173 shares of the company traded hands, compared to its average volume of 47,995. Angel Oak Financial Strategies Income Term Trust has a 12-month low of $11.61 and a 12-month high of $13.45. The firm’s fifty day moving average is $12.03 and its 200-day moving average is $12.61.

Angel Oak Financial Strategies Income Term Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, November 30th. Investors of record on Monday, November 16th will be issued a dividend of $0.1150 per share. This represents a $1.38 annualized dividend and a yield of 11.8%. The ex-dividend date of this dividend is Monday, November 16th.

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

Several hedge funds have recently modified their holdings of the stock. Integrated Wealth Concepts LLC purchased a new stake in shares of Angel Oak Financial Strategies Income Term Trust in the second quarter valued at approximately $46,000. Mountain Hill Investment Partners Corp. increased its position in shares of Angel Oak Financial Strategies Income Term Trust by 30.0% during the third quarter. Mountain Hill Investment Partners Corp. now owns 4,333 shares of the company’s stock worth $52,000 after acquiring an additional 1,000 shares during the period. Fifth Third Bancorp acquired a new stake in shares of Angel Oak Financial Strategies Income Term Trust in the 1st quarter valued at $57,000. IFG Advisory LLC raised its position in shares of Angel Oak Financial Strategies Income Term Trust by 57.8% during the 3rd quarter. IFG Advisory LLC now owns 6,325 shares of the company’s stock worth $75,000 after acquiring an additional 2,316 shares in the last quarter. Finally, Citadel Advisors LLC acquired a new stake in shares of Angel Oak Financial Strategies Income Term Trust during the second quarter worth about $139,000.

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.