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

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

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Nations Financial Group Inc. IA ADV grew its stake in Angel Oak Financial Strategies Income Term Trust by 5.0% during the 3rd 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 in the last quarter. Stifel Financial Corp boosted its holdings in shares of 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 purchasing an additional 24,981 shares during the period. Shaker Financial Services LLC grew its position in Angel Oak Financial Strategies Income Term Trust by 17.5% during the third quarter. Shaker Financial Services LLC now owns 98,803 shares of the company’s stock valued at $1,306,000 after purchasing an additional 14,732 shares in the last quarter. Finally, HighTower Advisors LLC acquired a new position in Angel Oak Financial Strategies Income Term Trust in the 3rd quarter valued at approximately $405,000.

Angel Oak Financial Strategies Income Term Trust Stock Performance

Shares of FINS traded down $0.03 during midday trading on Friday, hitting $12.88. The 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 two-hundred day simple moving average of $12.79. Angel Oak Financial Strategies Income Term Trust has a fifty-two week low of $11.80 and a fifty-two week high of $13.30.

Angel Oak Financial Strategies Income Term Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th will be paid a $0.109 dividend. This represents a $1.31 dividend on an annualized basis and a yield of 10.16%. The ex-dividend date is Tuesday, December 17th.

Angel Oak Financial Strategies Income Term Trust Company Profile