Short Interest in FS Specialty Lending Fund (NYSE:FSSL) Declines By 97.6%

FS Specialty Lending Fund (NYSE:FSSL) saw a large drop in short interest during the month of July. As of July 31st, there was short interest totaling 8,693 shares, a drop of 97.6% from the July 15th total of 366,807 shares. Based on an average daily volume of 435,686 shares, the days-to-cover ratio is currently 0.0 days.

FS Specialty Lending Fund Stock Up 1.5%

Shares of FSSL stock traded up $0.17 on Wednesday, reaching $11.55. 228,417 shares of the stock were exchanged, compared to its average volume of 430,760. The stock’s 50 day moving average price is $11.20. FS Specialty Lending Fund has a 1-year low of $10.75 and a 1-year high of $15.00.

FS Specialty Lending Fund Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 24th will be given a dividend of $0.1495 per share. This represents a c) dividend on an annualized basis and a yield of 15.5%. This is a boost from FS Specialty Lending Fund’s previous monthly dividend of $0.14. The ex-dividend date of this dividend is Monday, August 24th.

Hedge Funds Weigh In On FS Specialty Lending Fund

A number of large investors have recently modified their holdings of FSSL. Rivernorth Capital Management LLC grew its holdings in shares of FS Specialty Lending Fund by 73.7% during the 1st quarter. Rivernorth Capital Management LLC now owns 2,315,114 shares of the company’s stock worth $28,962,000 after purchasing an additional 981,989 shares during the period. Independent Financial Group LLC purchased a new position in FS Specialty Lending Fund in the first quarter valued at approximately $3,175,000. Noble Wealth Management PBC acquired a new position in FS Specialty Lending Fund during the second quarter valued at approximately $1,851,000. Riverbridge Partners LLC lifted its position in FS Specialty Lending Fund by 8.1% during the first quarter. Riverbridge Partners LLC now owns 158,283 shares of the company’s stock valued at $1,980,000 after buying an additional 11,860 shares in the last quarter. Finally, TrueMark Investments LLC grew its stake in FS Specialty Lending Fund by 127.4% during the first quarter. TrueMark Investments LLC now owns 67,304 shares of the company’s stock worth $842,000 after buying an additional 37,706 shares during the period.

FS Specialty Lending Fund, Inc (NYSE: FSSL) is a publicly listed, closed-end management investment company that provides investors with exposure to specialty finance and private credit markets. The fund seeks to generate current income and long‑term capital appreciation primarily through investments in credit instruments, with a focus on lending strategies that complement traditional fixed‑income allocations. It is sponsored and managed by an adviser affiliated with FS Investments.

The fund’s investment activities typically include originating, acquiring, and managing a diversified portfolio of debt instruments such as senior secured loans, subordinated debt, mezzanine financing, and other specialty finance products.