Short Interest in Angel Oak Financial Strategies Income Term Trust (NYSE:FINS) Grows By 226.6%

Angel Oak Financial Strategies Income Term Trust (NYSE:FINS) was the recipient of a significant growth in short interest in December. As of December 15th, there was short interest totalling 20,900 shares, a growth of 226.6% from the November 30th total of 6,400 shares. Based on an average daily trading volume, of 96,300 shares, the days-to-cover ratio is presently 0.2 days.

Angel Oak Financial Strategies Income Term Trust Stock Performance

NYSE FINS traded down $0.03 during trading hours on Friday, reaching $12.88. The company’s stock had a trading volume of 57,684 shares, compared to its average volume of 61,183. The business has a 50-day simple moving average of $12.86 and a 200 day simple moving average of $12.79. Angel Oak Financial Strategies Income Term Trust has a 52 week low of $11.80 and a 52 week high of $13.30.

Angel Oak Financial Strategies Income Term Trust Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th will be issued a dividend of $0.109 per share. The ex-dividend date of this dividend is Tuesday, December 17th. This represents a $1.31 dividend on an annualized basis and a dividend yield of 10.16%.

Institutional Trading of Angel Oak Financial Strategies Income Term Trust

Several hedge funds have recently added to or reduced their stakes in the business. HighTower Advisors LLC acquired a new position in shares of Angel Oak Financial Strategies Income Term Trust during the 3rd quarter valued at $405,000. Shaker Financial Services LLC acquired a new position in Angel Oak Financial Strategies Income Term Trust during the second quarter worth about $1,040,000. Stifel Financial Corp grew its holdings in Angel Oak Financial Strategies Income Term Trust by 10.8% during the third quarter. Stifel Financial Corp now owns 255,413 shares of the company’s stock worth $3,377,000 after acquiring an additional 24,981 shares during the period. Finally, Nations Financial Group Inc. IA ADV raised its position in Angel Oak Financial Strategies Income Term Trust by 5.0% in the third quarter. Nations Financial Group Inc. IA ADV now owns 540,794 shares of the company’s stock worth $7,149,000 after acquiring an additional 25,960 shares in the last quarter.

Angel Oak Financial Strategies Income Term Trust Company Profile