Angel Oak Financial Strategies Income Term Trust (NYSE:FINS) Short Interest Down 13.3% in January

Posted by Joe Tyrrell on Feb 16th, 2025

Angel Oak Financial Strategies Income Term Trust (NYSE:FINS – Get Free Report) was the target of 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 daily trading volume, of 99,100 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Investors Weigh In On Angel Oak Financial Strategies Income Term Trust

A number of institutional investors have recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. lifted its position in shares of Angel Oak Financial Strategies Income Term Trust by 4.8% during the 4th quarter. Envestnet Asset Management Inc. now owns 25,466 shares of the company’s stock valued at $323,000 after acquiring an additional 1,164 shares during the last quarter. LPL Financial LLC lifted its position in shares of Angel Oak Financial Strategies Income Term Trust by 1.0% during the 4th quarter. LPL Financial LLC now owns 132,850 shares of the company’s stock valued at $1,687,000 after acquiring an additional 1,284 shares during the last quarter. Wedbush Securities Inc. lifted its position in shares of Angel Oak Financial Strategies Income Term Trust by 12.0% during the 4th quarter. Wedbush Securities Inc. now owns 17,759 shares of the company’s stock valued at $226,000 after acquiring an additional 1,900 shares during the last quarter. Mountain Hill Investment Partners Corp. acquired a new stake in shares of Angel Oak Financial Strategies Income Term Trust during the 4th quarter valued at $32,000. Finally, First Trust Advisors LP lifted its position in shares of Angel Oak Financial Strategies Income Term Trust by 14.7% during the 4th quarter. First Trust Advisors LP now owns 71,436 shares of the company’s stock valued at $907,000 after acquiring an additional 9,154 shares during the last quarter.

Angel Oak Financial Strategies Income Term Trust Stock Performance

FINS stock traded down $0.11 on Friday, reaching $13.34. The company’s stock had a trading volume of 46,227 shares, compared to its average volume of 55,278. Angel Oak Financial Strategies Income Term Trust has a 52 week low of $12.10 and a 52 week high of $13.55. The firm has a fifty day moving average of $13.08 and a two-hundred day moving average of $12.98.

Angel Oak Financial Strategies Income Term Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Tuesday, March 4th will be given a $0.109 dividend. The ex-dividend date of this dividend is Tuesday, March 4th. This represents a $1.31 dividend on an annualized basis and a yield of 9.81%.