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

FS Credit Opportunities Corp. (NYSE:FSCO) saw a significant increase in short interest in June. As of June 15th, there was short interest totalling 87,400 shares, an increase of 93.4% from the May 31st total of 45,200 shares. Based on an average daily trading volume, of 570,100 shares, the short-interest ratio is currently 0.2 days.

Insider Transactions at FS Credit Opportunities

In other FS Credit Opportunities news, Director Barbara J. Fouss purchased 6,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 11th. The shares were acquired at an average cost of $6.40 per share, for a total transaction of $38,400.00. Following the transaction, the director now directly owns 27,130 shares in the company, valued at $173,632. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.26% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Mather Group LLC. bought a new stake in FS Credit Opportunities in the 1st quarter valued at $31,000. ICA Group Wealth Management LLC bought a new stake in shares of FS Credit Opportunities in the fourth quarter valued at about $35,000. Blue Bell Private Wealth Management LLC boosted its position in shares of FS Credit Opportunities by 51.7% during the first quarter. Blue Bell Private Wealth Management LLC now owns 8,800 shares of the company’s stock worth $52,000 after buying an additional 3,000 shares during the period. Gerber LLC bought a new position in shares of FS Credit Opportunities during the fourth quarter worth about $57,000. Finally, Coppell Advisory Solutions Corp. acquired a new stake in FS Credit Opportunities in the 1st quarter valued at approximately $65,000. Institutional investors own 36.37% of the company’s stock.

FS Credit Opportunities Stock Performance

FSCO stock traded up $0.01 during midday trading on Friday, hitting $6.37. 518,362 shares of the company’s stock were exchanged, compared to its average volume of 624,035. FS Credit Opportunities has a one year low of $4.67 and a one year high of $6.50. The stock’s fifty day moving average price is $6.23 and its 200-day moving average price is $5.93.

FS Credit Opportunities Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 21st were issued a dividend of $0.06 per share. The ex-dividend date of this dividend was Friday, June 21st. This represents a $0.72 annualized dividend and a yield of 11.30%.

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.