FS Credit Opportunities (NYSE:FSCO) Reaches New 12-Month High – Here’s Why

FS Credit Opportunities Corp. (NYSE:FSCO)’s stock price hit a new 52-week high on Monday . The company traded as high as $7.24 and last traded at $7.24, with a volume of 463565 shares changing hands. The stock had previously closed at $7.23.

FS Credit Opportunities Trading Down 0.1%

The company’s 50-day moving average is $6.84 and its 200-day moving average is $6.86.

FS Credit Opportunities Announces Dividend

The business also recently declared a monthly dividend, which was paid on Friday, May 30th. Stockholders of record on Thursday, May 22nd were paid a dividend of $0.0645 per share. The ex-dividend date of this dividend was Thursday, May 22nd. This represents a $0.77 annualized dividend and a dividend yield of 10.71%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Spire Wealth Management acquired a new stake in shares of FS Credit Opportunities in the 4th quarter valued at $39,000. US Bancorp DE bought a new position in FS Credit Opportunities in the fourth quarter valued at about $49,000. Private Portfolio Partners LLC acquired a new stake in FS Credit Opportunities in the fourth quarter worth about $72,000. Bravias Capital Group LLC acquired a new stake in FS Credit Opportunities in the fourth quarter worth about $73,000. Finally, Curran Financial Partners LLC bought a new stake in FS Credit Opportunities during the 1st quarter worth about $78,000. Institutional investors own 36.37% of the company’s stock.

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.