FS Credit Opportunities Corp. (NYSE:FSCO) Short Interest Update

FS Credit Opportunities Corp. (NYSE:FSCO) was the target of a significant increase in short interest during the month of July. As of July 31st, there was short interest totalling 132,500 shares, an increase of 7.5% from the July 15th total of 123,200 shares. Based on an average trading volume of 683,100 shares, the days-to-cover ratio is presently 0.2 days.

FS Credit Opportunities Stock Up 0.9 %

Shares of NYSE FSCO traded up $0.05 during midday trading on Monday, reaching $6.29. 555,290 shares of the company’s stock were exchanged, compared to its average volume of 673,288. FS Credit Opportunities has a 52-week low of $5.00 and a 52-week high of $6.64. The business’s fifty day moving average price is $6.34 and its two-hundred day moving average price is $6.08.

FS Credit Opportunities Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, August 30th. Stockholders of record on Friday, August 23rd will be given a dividend of $0.06 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 11.46%. The ex-dividend date is Friday, August 23rd.

Insider Transactions at FS Credit Opportunities

In other FS Credit Opportunities news, Director Barbara J. Fouss bought 6,000 shares of the company’s stock in a transaction dated Tuesday, June 11th. The shares were acquired at an average cost of $6.40 per share, with a total value of $38,400.00. Following the completion of the transaction, the director now owns 27,130 shares in the company, valued at $173,632. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.26% of the company’s stock.

Institutional Trading of FS Credit Opportunities

A number of hedge funds and other institutional investors have recently modified their holdings of FSCO. Creative Planning increased its holdings in FS Credit Opportunities by 2.5% in the second quarter. Creative Planning now owns 117,475 shares of the company’s stock valued at $748,000 after buying an additional 2,816 shares during the last quarter. Sea Otter Advisors LLC bought a new stake in FS Credit Opportunities in the second quarter valued at about $382,000. Concorde Asset Management LLC increased its holdings in FS Credit Opportunities by 454.5% in the second quarter. Concorde Asset Management LLC now owns 98,089 shares of the company’s stock valued at $625,000 after buying an additional 80,400 shares during the last quarter. WCG Wealth Advisors LLC increased its holdings in FS Credit Opportunities by 14.8% in the second quarter. WCG Wealth Advisors LLC now owns 168,018 shares of the company’s stock valued at $1,070,000 after buying an additional 21,654 shares during the last quarter. Finally, Tennessee Valley Asset Management Partners bought a new stake in FS Credit Opportunities in the second quarter valued at about $216,000. 36.37% of the stock is owned by hedge funds and other institutional investors.

FS Credit Opportunities Company Profile

FS Credit Opportunities Corp. is a close ended fixed income fund launched by Franklin Square Capital Partners. The fund is managed by FS Global Advisor, LLC. It invests in fixed income markets across the globe, with a strong focus on Europe and the United States. The fund seeks to invest in securities of companies that are operating across diversified sectors.