Short Interest in FS Credit Opportunities Corp. (NYSE:FSCO) Drops By 24.0%

FS Credit Opportunities Corp. (NYSE:FSCO) was the target of a large drop in short interest during the month of March. As of March 15th, there was short interest totalling 308,100 shares, a drop of 24.0% from the February 28th total of 405,300 shares. Based on an average daily trading volume, of 817,400 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.1% of the shares of the company are sold short.

Insider Activity at FS Credit Opportunities

In other FS Credit Opportunities news, Director Keith Bethel bought 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 13th. The stock was purchased at an average price of $6.96 per share, for a total transaction of $34,800.00. Following the purchase, the director now directly owns 20,000 shares in the company, valued at $139,200. This trade represents a 33.33 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.26% of the stock is currently owned by company insiders.

Institutional Trading of FS Credit Opportunities

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Spire Wealth Management bought a new stake in shares of FS Credit Opportunities in the fourth quarter valued at about $39,000. US Bancorp DE acquired a new position in FS Credit Opportunities in the 4th quarter valued at approximately $49,000. PSI Advisors LLC grew its holdings in shares of FS Credit Opportunities by 118.5% during the 4th quarter. PSI Advisors LLC now owns 7,646 shares of the company’s stock worth $52,000 after purchasing an additional 4,146 shares in the last quarter. Private Portfolio Partners LLC acquired a new stake in shares of FS Credit Opportunities during the 4th quarter worth approximately $72,000. Finally, Bravias Capital Group LLC acquired a new position in shares of FS Credit Opportunities in the fourth quarter valued at $73,000. 36.37% of the stock is currently owned by institutional investors and hedge funds.

FS Credit Opportunities Stock Up 0.5 %

Shares of FSCO stock traded up $0.04 during trading hours on Tuesday, reaching $7.09. 646,550 shares of the company’s stock were exchanged, compared to its average volume of 716,322. The business has a fifty day moving average price of $6.97 and a 200-day moving average price of $6.76. FS Credit Opportunities has a fifty-two week low of $5.66 and a fifty-two week high of $7.16.

FS Credit Opportunities Announces Dividend

The business also recently declared a monthly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 24th were issued a $0.0645 dividend. This represents a $0.77 dividend on an annualized basis and a yield of 10.92%. The ex-dividend date was Monday, March 24th.

About FS Credit Opportunities

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.