Angel Oak Financial Strategies Income Term Trust (NYSE:FINS – Get Free Report) saw a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 49,593 shares, an increase of 86.9% from the September 30th total of 26,541 shares. Based on an average daily volume of 37,078 shares, the short-interest ratio is presently 1.3 days.
Hedge Funds Weigh In On Angel Oak Financial Strategies Income Term Trust
Hedge funds and other institutional investors have recently modified their holdings of the company. Envestnet Asset Management Inc. boosted 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 buying an additional 61,374 shares during the last quarter. Chicago Partners Investment Group LLC bought a new stake in shares of Angel Oak Financial Strategies Income Term Trust in the third quarter worth $194,000. Mountain Hill Investment Partners Corp. grew its holdings in shares of Angel Oak Financial Strategies Income Term Trust by 30.0% in 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. Integrated Wealth Concepts LLC purchased a new stake in Angel Oak Financial Strategies Income Term Trust during the second quarter valued at $46,000. Finally, Citadel Advisors LLC purchased a new stake in Angel Oak Financial Strategies Income Term Trust during the second quarter valued at $139,000.
Angel Oak Financial Strategies Income Term Trust Stock Performance
Shares of FINS stock opened at $11.92 on Friday. 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 50 day moving average is $12.16 and its 200 day moving average is $12.67.
Angel Oak Financial Strategies Income Term Trust Announces Dividend
The business also recently announced a monthly dividend, which was paid on Friday, October 30th. Shareholders of record on Friday, October 16th were paid a dividend of $0.1150 per share. The ex-dividend date was Friday, October 16th. This represents a $1.38 dividend on an annualized basis and a yield of 11.6%.
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.
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