FS Credit Opportunities Corp. (NYSE:FSCO) Sees Significant Increase in Short Interest

FS Credit Opportunities Corp. (NYSE:FSCO) saw a large increase in short interest in October. As of October 31st, there was short interest totalling 176,300 shares, an increase of 44.4% from the October 15th total of 122,100 shares. Based on an average daily volume of 677,000 shares, the short-interest ratio is presently 0.3 days.

Insider Buying and Selling

In other FS Credit Opportunities news, CEO Michael C. Forman sold 102,860 shares of the firm’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $6.11, for a total transaction of $628,474.60. Following the transaction, the chief executive officer now directly owns 13,437 shares in the company, valued at approximately $82,100.07. This trade represents a 88.45 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.26% of the stock is owned by company insiders.

Institutional Investors Weigh In On FS Credit Opportunities

Large investors have recently made changes to their positions in the business. Jane Street Group LLC increased its holdings in FS Credit Opportunities by 71.1% in the 3rd quarter. Jane Street Group LLC now owns 24,309 shares of the company’s stock worth $154,000 after acquiring an additional 10,103 shares during the last quarter. Stifel Financial Corp increased its holdings in FS Credit Opportunities by 18.3% in the 3rd quarter. Stifel Financial Corp now owns 133,411 shares of the company’s stock worth $847,000 after acquiring an additional 20,666 shares during the last quarter. Quadrature Capital Ltd increased its holdings in FS Credit Opportunities by 10.2% in the 3rd quarter. Quadrature Capital Ltd now owns 46,834 shares of the company’s stock worth $298,000 after acquiring an additional 4,334 shares during the last quarter. Truvestments Capital LLC purchased a new stake in FS Credit Opportunities in the 3rd quarter worth about $52,000. Finally, Independent Advisor Alliance increased its holdings in FS Credit Opportunities by 35.9% in the 3rd quarter. Independent Advisor Alliance now owns 31,361 shares of the company’s stock worth $199,000 after acquiring an additional 8,285 shares during the last quarter. 36.37% of the stock is owned by hedge funds and other institutional investors.

FS Credit Opportunities Trading Up 0.8 %

Shares of FS Credit Opportunities stock traded up $0.05 during trading hours on Friday, hitting $6.55. 578,101 shares of the company’s stock traded hands, compared to its average volume of 672,854. FS Credit Opportunities has a 12-month low of $5.47 and a 12-month high of $6.75. The company has a fifty day simple moving average of $6.52 and a 200-day simple moving average of $6.37.

FS Credit Opportunities Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, November 29th. Stockholders of record on Thursday, November 21st will be given a dividend of $0.06 per share. This represents a $0.72 annualized dividend and a dividend yield of 10.99%. The ex-dividend date of this dividend is Thursday, November 21st.

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.