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

Angel Oak Financial Strategies Income Term Trust (NYSE:FINS) saw a large decrease in short interest in January. As of January 31st, there was short interest totalling 51,600 shares, a decrease of 13.3% from the January 15th total of 59,500 shares. Based on an average trading volume of 99,100 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of FINS. Sit Investment Associates Inc. raised its holdings in Angel Oak Financial Strategies Income Term Trust by 57.2% in the 4th quarter. Sit Investment Associates Inc. now owns 5,157,564 shares of the company’s stock worth $65,501,000 after acquiring an additional 1,877,565 shares during the period. Wells Fargo & Company MN raised its holdings in Angel Oak Financial Strategies Income Term Trust by 536.2% in the 4th quarter. Wells Fargo & Company MN now owns 1,110,241 shares of the company’s stock worth $14,100,000 after acquiring an additional 935,731 shares during the period. Noble Wealth Management PBC bought a new position in Angel Oak Financial Strategies Income Term Trust in the 4th quarter worth $2,421,000. Raymond James Financial Inc. bought a new position in Angel Oak Financial Strategies Income Term Trust in the 4th quarter worth $750,000. Finally, Shaker Financial Services LLC raised its holdings in Angel Oak Financial Strategies Income Term Trust by 56.5% in the 4th quarter. Shaker Financial Services LLC now owns 154,668 shares of the company’s stock worth $1,964,000 after acquiring an additional 55,865 shares during the period.

Angel Oak Financial Strategies Income Term Trust Stock Performance

Shares of NYSE FINS traded down $0.02 during mid-day trading on Tuesday, reaching $13.31. 41,423 shares of the company traded hands, compared to its average volume of 54,830. The company’s fifty day moving average is $13.09 and its two-hundred day moving average is $12.98. Angel Oak Financial Strategies Income Term Trust has a fifty-two week low of $12.10 and a fifty-two week high of $13.55.

Angel Oak Financial Strategies Income Term Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Tuesday, March 4th will be issued a dividend of $0.109 per share. This represents a $1.31 dividend on an annualized basis and a dividend yield of 9.83%. The ex-dividend date is Tuesday, March 4th.

Angel Oak Financial Strategies Income Term Trust Company Profile