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

Angel Oak Financial Strategies Income Term Trust (NYSE:FINS) was the target of a large growth in short interest in June. As of June 30th, there was short interest totalling 11,800 shares, a growth of 2,850.0% from the June 15th total of 400 shares. Based on an average trading volume of 31,800 shares, the days-to-cover ratio is presently 0.4 days.

Insider Transactions at Angel Oak Financial Strategies Income Term Trust

In other Angel Oak Financial Strategies Income Term Trust news, Portfolio Manager Johannes Palsson acquired 5,670 shares of the business’s stock in a transaction on Thursday, April 18th. The stock was purchased at an average price of $12.39 per share, for a total transaction of $70,251.30. Following the transaction, the portfolio manager now owns 46,403 shares in the company, valued at approximately $574,933.17. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Fisher Asset Management LLC acquired a new position in shares of Angel Oak Financial Strategies Income Term Trust during the fourth quarter valued at $220,000. D.A. Davidson & CO. lifted its position in Angel Oak Financial Strategies Income Term Trust by 43.1% during the 4th quarter. D.A. Davidson & CO. now owns 18,800 shares of the company’s stock valued at $224,000 after purchasing an additional 5,659 shares during the period. Weiss Asset Management LP bought a new position in shares of Angel Oak Financial Strategies Income Term Trust in the 4th quarter valued at about $332,000. Shaker Financial Services LLC grew its position in shares of Angel Oak Financial Strategies Income Term Trust by 231.8% during the 4th quarter. Shaker Financial Services LLC now owns 33,246 shares of the company’s stock worth $396,000 after buying an additional 23,225 shares during the period. Finally, SFI Advisors LLC raised its stake in shares of Angel Oak Financial Strategies Income Term Trust by 7.2% during the fourth quarter. SFI Advisors LLC now owns 43,951 shares of the company’s stock worth $523,000 after buying an additional 2,941 shares during the last quarter.

Angel Oak Financial Strategies Income Term Trust Stock Up 0.2 %

Shares of NYSE FINS opened at $12.52 on Friday. Angel Oak Financial Strategies Income Term Trust has a 1-year low of $11.61 and a 1-year high of $12.65. The company has a 50-day moving average of $12.41 and a two-hundred day moving average of $12.31.

Angel Oak Financial Strategies Income Term Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, July 31st. Investors of record on Wednesday, July 17th will be given a $0.109 dividend. This represents a $1.31 annualized dividend and a yield of 10.45%. The ex-dividend date of this dividend is Wednesday, July 17th.

Angel Oak Financial Strategies Income Term Trust Company Profile