Angel Oak Financial Strategies Income Term Trust (NYSE:FINS) Shares Shorted: Short Interest Up 86.9% in October

Angel Oak Financial Strategies Income Term Trust (NYSE:FINS) saw a large 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 days-to-cover ratio is presently 1.3 days.

Angel Oak Financial Strategies Income Term Trust Stock Down 0.1%

Shares of FINS stock opened at $11.92 on Friday. The business’s fifty day moving average is $12.16 and its 200 day moving average is $12.67. Angel Oak Financial Strategies Income Term Trust has a twelve month low of $11.61 and a twelve month high of $13.45.

Angel Oak Financial Strategies Income Term Trust Announces Dividend

The company also recently declared a monthly dividend, which was paid on Friday, October 30th. Investors of record on Friday, October 16th were paid a $0.1150 dividend. The ex-dividend date was Friday, October 16th. This represents a $1.38 dividend on an annualized basis and a yield of 11.6%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of FINS. Envestnet Asset Management Inc. increased 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 worth $3,850,000 after buying an additional 61,374 shares in the last quarter. Chicago Partners Investment Group LLC purchased a new position in Angel Oak Financial Strategies Income Term Trust in the 3rd quarter worth about $194,000. Mountain Hill Investment Partners Corp. lifted its stake in Angel Oak Financial Strategies Income Term Trust by 30.0% during the 3rd quarter. Mountain Hill Investment Partners Corp. now owns 4,333 shares of the company’s stock valued at $52,000 after acquiring an additional 1,000 shares during the period. Integrated Wealth Concepts LLC bought a new position in Angel Oak Financial Strategies Income Term Trust during the 2nd quarter valued at about $46,000. Finally, Citadel Advisors LLC purchased a new stake in shares of Angel Oak Financial Strategies Income Term Trust during the 2nd quarter valued at about $139,000.

Angel Oak Financial Strategies Income Term Trust Company Profile

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.