Angel Oak Financial Strategies Income Term Trust (NYSE:FINS) Shares Shorted: Short Interest Down 36.2% in September

Angel Oak Financial Strategies Income Term Trust (NYSE:FINS) saw a significant drop in short interest during the month of September. As of September 30th, there was short interest totaling 26,541 shares, a drop of 36.2% from the September 15th total of 41,589 shares. Based on an average trading volume of 60,914 shares, the days-to-cover ratio is presently 0.4 days.

Angel Oak Financial Strategies Income Term Trust Stock Performance

Shares of Angel Oak Financial Strategies Income Term Trust stock traded down $0.10 during trading hours on Friday, hitting $12.02. The company’s stock had a trading volume of 36,752 shares, compared to its average volume of 46,657. Angel Oak Financial Strategies Income Term Trust has a twelve month low of $11.82 and a twelve month high of $13.45. The firm has a fifty day moving average of $12.33 and a 200-day moving average of $12.59.

Angel Oak Financial Strategies Income Term Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, October 30th. Investors of record on Friday, October 16th will be issued a $0.1150 dividend. This represents a $1.38 annualized dividend and a yield of 11.5%. The ex-dividend date is Friday, October 16th.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Envestnet Asset Management Inc. increased its position in shares of Angel Oak Financial Strategies Income Term Trust by 25.6% during the second quarter. Envestnet Asset Management Inc. now owns 300,777 shares of the company’s stock valued at $3,850,000 after acquiring an additional 61,374 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new position in shares of Angel Oak Financial Strategies Income Term Trust in the 2nd quarter worth approximately $46,000. Citadel Advisors LLC acquired a new position in shares of Angel Oak Financial Strategies Income Term Trust in the 2nd quarter worth approximately $139,000. Corient Private Wealth LP boosted its position in shares of Angel Oak Financial Strategies Income Term Trust by 35.6% during the 2nd quarter. Corient Private Wealth LP now owns 40,666 shares of the company’s stock worth $521,000 after purchasing an additional 10,666 shares during the period. Finally, Susquehanna International Group LLP purchased a new position in shares of Angel Oak Financial Strategies Income Term Trust during the 2nd quarter worth approximately $145,000.

About Angel Oak Financial Strategies Income Term Trust

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.