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

FS Credit Opportunities Corp. (NYSE:FSCO) was the target of a large growth in short interest in the month of April. As of April 30th, there was short interest totaling 341,391 shares, a growth of 113.4% from the April 15th total of 159,983 shares. Based on an average daily volume of 1,101,972 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.2% of the company’s shares are sold short.

Insider Buying and Selling at FS Credit Opportunities

In related news, insider Michael C. Forman purchased 38,549 shares of the company’s stock in a transaction that occurred on Thursday, February 26th. The shares were purchased at an average price of $5.20 per share, with a total value of $200,454.80. Following the purchase, the insider owned 44,312 shares of the company’s stock, valued at $230,422.40. This trade represents a 668.91% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. 0.27% of the stock is owned by company insiders.

Institutional Trading of FS Credit Opportunities

Hedge funds have recently modified their holdings of the stock. Focus Partners Wealth increased its stake in shares of FS Credit Opportunities by 5.0% in the 1st quarter. Focus Partners Wealth now owns 80,960 shares of the company’s stock valued at $571,000 after buying an additional 3,839 shares during the period. Invesco Ltd. grew its holdings in FS Credit Opportunities by 40.5% during the 2nd quarter. Invesco Ltd. now owns 309,787 shares of the company’s stock worth $2,249,000 after acquiring an additional 89,368 shares during the period. First Trust Advisors LP lifted its stake in shares of FS Credit Opportunities by 1.6% in the 2nd quarter. First Trust Advisors LP now owns 411,026 shares of the company’s stock valued at $2,984,000 after purchasing an additional 6,603 shares during the period. Baird Financial Group Inc. bought a new position in shares of FS Credit Opportunities in the 2nd quarter worth $647,000. Finally, Raymond James Financial Inc. grew its stake in shares of FS Credit Opportunities by 6.8% during the second quarter. Raymond James Financial Inc. now owns 528,526 shares of the company’s stock worth $3,837,000 after purchasing an additional 33,478 shares during the period. 36.37% of the stock is owned by institutional investors.

FS Credit Opportunities Price Performance

Shares of NYSE FSCO opened at $5.08 on Friday. The business’s 50-day simple moving average is $5.06 and its 200-day simple moving average is $5.75. FS Credit Opportunities has a 52 week low of $4.13 and a 52 week high of $7.65.

FS Credit Opportunities (NYSE:FSCO) last announced its quarterly earnings results on Monday, March 2nd. The company reported $0.11 EPS for the quarter. The business had revenue of $57.34 million for the quarter.

FS Credit Opportunities Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, May 29th. Shareholders of record on Thursday, May 21st will be issued a dividend of $0.0583 per share. The ex-dividend date of this dividend is Thursday, May 21st. This represents a c) dividend on an annualized basis and a yield of 13.8%.

About FS Credit Opportunities

FS Credit Opportunities Fund Inc (NYSE: FSCO) is a diversified closed-end management investment company that seeks to provide shareholders with a high level of current income and capital appreciation. The fund pursues its objectives by investing primarily in corporate credit instruments, including high-yield bonds, leveraged loans and other credit-related securities. FSCO’s flexible mandate allows it to allocate across the credit spectrum, rotating among sectors, maturities and structures in response to changing market conditions.

Under normal market environments, the fund typically invests at least 80% of its total assets in non-investment grade corporate debt securities, with the remainder allocated to investment-grade obligations, cash and cash equivalents.