Angel Oak Financial Strategies Income Term Trust (NYSE:FINS) Stock Short Interest Drops 84.9%

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

Angel Oak Financial Strategies Income Term Trust Trading Down 1.4%

FINS opened at $11.85 on Wednesday. The firm has a fifty day moving average price of $12.07 and a 200 day moving average price of $12.62. Angel Oak Financial Strategies Income Term Trust has a 1 year low of $11.61 and a 1 year high of $13.45.

Angel Oak Financial Strategies Income Term Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, November 30th. Shareholders of record on Monday, November 16th will be given a $0.1150 dividend. The ex-dividend date is Monday, November 16th. This represents a $1.38 dividend on an annualized basis and a dividend yield of 11.6%.

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

Hedge funds have recently made changes to their positions in the company. Envestnet Asset Management Inc. grew its holdings in 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 valued at $3,850,000 after buying an additional 61,374 shares in the last quarter. First Trust Advisors LP grew its position 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 buying an additional 15,750 shares in the last quarter. Corient Private Wealth LP raised its stake in 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 valued at $521,000 after buying an additional 10,666 shares in the last quarter. Chicago Partners Investment Group LLC acquired a new stake in Angel Oak Financial Strategies Income Term Trust during the third quarter worth approximately $194,000. Finally, Private Advisor Group LLC boosted its position in shares of Angel Oak Financial Strategies Income Term Trust by 29.9% in the 3rd quarter. Private Advisor Group LLC now owns 14,339 shares of the company’s stock valued at $171,000 after purchasing an additional 3,300 shares during the period.

About Angel Oak Financial Strategies Income Term Trust

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.