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

Angel Oak Financial Strategies Income Term Trust (NYSE:FINS) was the target of a large decline in short interest during the month of May. As of May 28th, there was short interest totalling 1,300 shares, a decline of 80.6% from the May 13th total of 6,700 shares. Based on an average daily trading volume, of 43,400 shares, the days-to-cover ratio is currently 0.0 days.

In other Angel Oak Financial Strategies Income Term Trust news, insider Michael Fierman sold 15,000 shares of the business’s stock in a transaction dated Friday, April 30th. The stock was sold at an average price of $18.10, for a total transaction of $271,500.00.

Several institutional investors and hedge funds have recently bought and sold shares of FINS. US Bancorp DE bought a new stake in Angel Oak Financial Strategies Income Term Trust during the fourth quarter valued at about $42,000. Stifel Financial Corp bought a new stake in Angel Oak Financial Strategies Income Term Trust during the first quarter valued at about $224,000. Howard Wealth Management LLC boosted its position in Angel Oak Financial Strategies Income Term Trust by 7.6% during the first quarter. Howard Wealth Management LLC now owns 16,080 shares of the company’s stock valued at $280,000 after purchasing an additional 1,130 shares in the last quarter. Clough Capital Partners L P bought a new stake in Angel Oak Financial Strategies Income Term Trust during the fourth quarter valued at about $342,000. Finally, Landscape Capital Management L.L.C. bought a new stake in Angel Oak Financial Strategies Income Term Trust during the fourth quarter valued at about $583,000.

Shares of FINS traded down $0.14 during midday trading on Friday, reaching $18.20. 32,565 shares of the stock were exchanged, compared to its average volume of 43,262. Angel Oak Financial Strategies Income Term Trust has a 52 week low of $15.71 and a 52 week high of $18.53. The firm has a 50 day moving average price of $18.03.

The company also recently declared a monthly dividend, which will be paid on Wednesday, June 30th. Stockholders of record on Wednesday, June 16th will be given a dividend of $0.108 per share. This represents a $1.30 dividend on an annualized basis and a dividend yield of 7.12%. The ex-dividend date is Tuesday, June 15th.

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