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

FS Credit Opportunities Corp. (NYSE:FSCO) was the recipient of a large growth in short interest in September. As of September 30th, there was short interest totalling 34,400 shares, a growth of 145.7% from the September 15th total of 14,000 shares. Based on an average daily volume of 800,100 shares, the short-interest ratio is currently 0.0 days.

FS Credit Opportunities Trading Down 0.3 %

Shares of FSCO traded down $0.02 during trading hours on Friday, hitting $6.66. 530,497 shares of the stock traded hands, compared to its average volume of 677,900. The business has a fifty day moving average of $6.31 and a 200-day moving average of $6.24. FS Credit Opportunities has a 1-year low of $5.23 and a 1-year high of $6.75.

FS Credit Opportunities Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 24th will be given a dividend of $0.06 per share. The ex-dividend date is Thursday, October 24th. This represents a $0.72 dividend on an annualized basis and a yield of 10.81%.

Insider Activity at FS Credit Opportunities

In other news, CEO Michael C. Forman sold 102,860 shares of the stock in a transaction on Monday, September 9th. The stock was sold at an average price of $6.11, for a total transaction of $628,474.60. Following the sale, the chief executive officer now owns 13,437 shares in the company, valued at approximately $82,100.07. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other FS Credit Opportunities news, CEO Michael C. Forman sold 102,860 shares of the business’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $6.11, for a total value of $628,474.60. Following the completion of the transaction, the chief executive officer now directly owns 13,437 shares of the company’s stock, valued at approximately $82,100.07. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Michael C. Forman sold 218,961 shares of the stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $6.15, for a total transaction of $1,346,610.15. Following the sale, the chief executive officer now directly owns 116,297 shares in the company, valued at $715,226.55. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.26% of the company’s stock.

Institutional Investors Weigh In On FS Credit Opportunities

Several institutional investors have recently modified their holdings of FSCO. Nomura Holdings Inc. lifted its stake in FS Credit Opportunities by 1,134.0% in the fourth quarter. Nomura Holdings Inc. now owns 6,755,907 shares of the company’s stock valued at $38,306,000 after buying an additional 6,208,428 shares during the period. Cetera Investment Advisers raised its position in shares of FS Credit Opportunities by 2,693.8% in the 1st quarter. Cetera Investment Advisers now owns 3,050,684 shares of the company’s stock valued at $18,091,000 after acquiring an additional 2,941,488 shares during the period. Vista Finance LLC boosted its stake in FS Credit Opportunities by 865.7% during the 2nd quarter. Vista Finance LLC now owns 1,609,868 shares of the company’s stock worth $10,255,000 after acquiring an additional 1,443,169 shares during the last quarter. Private Advisor Group LLC grew its holdings in FS Credit Opportunities by 165.9% during the second quarter. Private Advisor Group LLC now owns 770,255 shares of the company’s stock valued at $4,907,000 after purchasing an additional 480,537 shares during the period. Finally, Choreo LLC bought a new stake in FS Credit Opportunities in the first quarter valued at approximately $2,290,000. Institutional investors and hedge funds own 36.37% of the company’s stock.

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.