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) saw a large growth in short interest in 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 short-interest ratio is presently 2.5 days.

A number of hedge funds and other institutional investors have recently bought and sold shares of FINS. Stifel Financial Corp acquired a new position in Angel Oak Financial Strategies Income Term Trust during the 1st quarter worth approximately $224,000. Advisor Group Holdings Inc. raised its stake in Angel Oak Financial Strategies Income Term Trust by 691.8% in the 2nd quarter. Advisor Group Holdings Inc. now owns 16,462 shares of the company’s stock valued at $298,000 after acquiring an additional 14,383 shares during the period. Howard Wealth Management LLC increased its position in Angel Oak Financial Strategies Income Term Trust by 6.8% during the 2nd quarter. Howard Wealth Management LLC now owns 17,180 shares of the company’s stock worth $308,000 after buying an additional 1,100 shares during the period. Wedbush Securities Inc. increased its position in shares of Angel Oak Financial Strategies Income Term Trust by 12.9% in the second quarter. Wedbush Securities Inc. now owns 29,124 shares of the company’s stock worth $524,000 after purchasing an additional 3,338 shares during the period. Finally, Bank of America Corp DE increased its position in shares of Angel Oak Financial Strategies Income Term Trust by 28.3% in the second quarter. Bank of America Corp DE now owns 57,398 shares of the company’s stock worth $1,032,000 after purchasing an additional 12,645 shares during the period.

Shares of NYSE:FINS traded down $0.06 on Thursday, hitting $16.74. The stock had a trading volume of 365,184 shares, compared to its average volume of 53,152. The firm’s 50 day moving average price is $17.84 and its 200-day moving average price is $18.00. Angel Oak Financial Strategies Income Term Trust has a twelve month low of $16.03 and a twelve month high of $18.53.

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

About Angel Oak Financial Strategies Income Term Trust

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