Angel Oak Financial Strategies Income Term Trust (NYSE:FINS) Short Interest Update

Angel Oak Financial Strategies Income Term Trust (NYSE:FINS) saw a significant decrease in short interest in June. As of June 15th, there was short interest totalling 400 shares, a decrease of 95.4% from the May 31st total of 8,700 shares. Based on an average daily trading volume, of 32,400 shares, the days-to-cover ratio is currently 0.0 days.

Insider Buying and Selling at Angel Oak Financial Strategies Income Term Trust

In related news, Portfolio Manager Johannes Palsson purchased 5,670 shares of Angel Oak Financial Strategies Income Term Trust stock in a transaction dated Thursday, April 18th. The stock was acquired at an average cost of $12.39 per share, with a total value of $70,251.30. Following the completion of the transaction, the portfolio manager now directly owns 46,403 shares of the company’s stock, valued at $574,933.17. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Institutional Trading of Angel Oak Financial Strategies Income Term Trust

A number of hedge funds have recently made changes to their positions in the stock. Karpus Management Inc. increased its holdings in Angel Oak Financial Strategies Income Term Trust by 18.2% in the fourth quarter. Karpus Management Inc. now owns 4,223,725 shares of the company’s stock worth $50,305,000 after buying an additional 649,193 shares during the last quarter. Fisher Asset Management LLC acquired a new position in Angel Oak Financial Strategies Income Term Trust in the fourth quarter worth approximately $220,000. Saba Capital Management L.P. increased its holdings in Angel Oak Financial Strategies Income Term Trust by 5.5% in the third quarter. Saba Capital Management L.P. now owns 469,649 shares of the company’s stock worth $5,655,000 after buying an additional 24,644 shares during the last quarter. SFI Advisors LLC increased its holdings in Angel Oak Financial Strategies Income Term Trust by 7.2% in 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. Finally, HighTower Advisors LLC increased its holdings in Angel Oak Financial Strategies Income Term Trust by 120.8% in the third quarter. HighTower Advisors LLC now owns 24,293 shares of the company’s stock worth $294,000 after buying an additional 13,293 shares during the last quarter.

Angel Oak Financial Strategies Income Term Trust Price Performance

NYSE FINS opened at $12.37 on Friday. The company has a 50 day simple moving average of $12.40 and a 200-day simple moving average of $12.27. Angel Oak Financial Strategies Income Term Trust has a 52-week low of $11.61 and a 52-week high of $12.65.

Angel Oak Financial Strategies Income Term Trust Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were given a $0.109 dividend. This represents a $1.31 dividend on an annualized basis and a dividend yield of 10.57%. The ex-dividend date was Friday, June 14th.

About Angel Oak Financial Strategies Income Term Trust