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

Angel Oak Financial Strategies Income Term Trust (NYSE:FINS) saw a significant drop in short interest in March. As of March 15th, there was short interest totalling 17,200 shares, a drop of 67.4% from the February 28th total of 52,800 shares. Based on an average daily trading volume, of 55,900 shares, the short-interest ratio is presently 0.3 days.

Angel Oak Financial Strategies Income Term Trust Stock Performance

FINS opened at $13.53 on Thursday. The stock’s 50 day simple moving average is $13.34 and its 200 day simple moving average is $13.10. Angel Oak Financial Strategies Income Term Trust has a 1-year low of $12.10 and a 1-year high of $13.62.

Angel Oak Financial Strategies Income Term Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Tuesday, March 4th will be issued a dividend of $0.109 per share. The ex-dividend date is Tuesday, March 4th. This represents a $1.31 annualized dividend and a yield of 9.67%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of FINS. Mountain Hill Investment Partners Corp. acquired a new stake in Angel Oak Financial Strategies Income Term Trust during the fourth quarter worth approximately $32,000. Worth Asset Management LLC purchased a new stake in shares of Angel Oak Financial Strategies Income Term Trust in the fourth quarter valued at $139,000. Catalina Capital Group LLC acquired a new position in Angel Oak Financial Strategies Income Term Trust in the fourth quarter valued at $204,000. Wedbush Securities Inc. lifted its position in Angel Oak Financial Strategies Income Term Trust by 12.0% during the fourth quarter. Wedbush Securities Inc. now owns 17,759 shares of the company’s stock worth $226,000 after buying an additional 1,900 shares during the period. Finally, Comerica Bank boosted its stake in Angel Oak Financial Strategies Income Term Trust by 160.9% in the 4th quarter. Comerica Bank now owns 19,612 shares of the company’s stock worth $249,000 after buying an additional 12,096 shares during the last quarter.

Angel Oak Financial Strategies Income Term Trust Company Profile