Angel Oak Financial Strategies Income Term Trust (NYSE:FINS) Sees Significant Growth in Short Interest

Posted by Trevor Kearing on Nov 16th, 2024

Angel Oak Financial Strategies Income Term Trust (NYSE:FINS – Get Free Report) saw a significant increase in short interest during the month of October. As of October 31st, there was short interest totalling 8,500 shares, an increase of 44.1% from the October 15th total of 5,900 shares. Based on an average trading volume of 58,700 shares, the short-interest ratio is currently 0.1 days.

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

Several hedge funds have recently added to or reduced their stakes in the company. Karpus Management Inc. raised its holdings in Angel Oak Financial Strategies Income Term Trust by 6.8% during the 1st quarter. Karpus Management Inc. now owns 4,509,636 shares of the company’s stock worth $56,325,000 after purchasing an additional 285,911 shares during the last quarter. Shaker Financial Services LLC acquired a new position in Angel Oak Financial Strategies Income Term Trust in the second quarter valued at approximately $1,040,000. HighTower Advisors LLC acquired a new position in Angel Oak Financial Strategies Income Term Trust in the third quarter valued at approximately $405,000. Nations Financial Group Inc. IA ADV boosted its stake 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 valued at $7,149,000 after acquiring an additional 25,960 shares during the last quarter. Finally, Stifel Financial Corp grew its holdings in Angel Oak Financial Strategies Income Term Trust by 10.8% during the 3rd 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.

Angel Oak Financial Strategies Income Term Trust Stock Performance

FINS stock traded down $0.03 during trading on Friday, hitting $12.63. The company had a trading volume of 209,725 shares, compared to its average volume of 55,377. The firm has a 50-day moving average price of $13.08 and a 200-day moving average price of $12.72. Angel Oak Financial Strategies Income Term Trust has a 12 month low of $11.71 and a 12 month high of $13.30.

Angel Oak Financial Strategies Income Term Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be given a dividend of $0.109 per share. The ex-dividend date is Friday, November 15th. This represents a $1.31 dividend on an annualized basis and a dividend yield of 10.36%.