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

FS Credit Opportunities Corp. (NYSE:FSCO) was the recipient of a large drop in short interest in March. As of March 15th, there was short interest totalling 308,100 shares, a drop of 24.0% from the February 28th total of 405,300 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily volume of 817,400 shares, the days-to-cover ratio is currently 0.4 days.

FS Credit Opportunities Stock Up 0.5 %

FS Credit Opportunities stock traded up $0.04 during trading hours on Tuesday, hitting $7.09. The company had a trading volume of 646,550 shares, compared to its average volume of 716,322. FS Credit Opportunities has a fifty-two week low of $5.66 and a fifty-two week high of $7.16. The firm’s fifty day moving average is $6.97 and its 200-day moving average is $6.76.

FS Credit Opportunities Announces Dividend

The company also recently announced a monthly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 24th were given a $0.0645 dividend. This represents a $0.77 annualized dividend and a yield of 10.92%. The ex-dividend date of this dividend was Monday, March 24th.

Insider Buying and Selling

In other FS Credit Opportunities news, Director Keith Bethel bought 5,000 shares of the firm’s stock in a transaction dated Thursday, February 13th. The stock was acquired at an average price of $6.96 per share, with a total value of $34,800.00. Following the completion of the transaction, the director now directly owns 20,000 shares in the company, valued at approximately $139,200. This represents a 33.33 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.26% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On FS Credit Opportunities

Institutional investors have recently made changes to their positions in the company. Spire Wealth Management acquired a new position in shares of FS Credit Opportunities during the 4th quarter worth $39,000. US Bancorp DE bought a new position in FS Credit Opportunities during the fourth quarter valued at about $49,000. PSI Advisors LLC lifted its position in shares of FS Credit Opportunities by 118.5% in the fourth quarter. PSI Advisors LLC now owns 7,646 shares of the company’s stock worth $52,000 after buying an additional 4,146 shares during the last quarter. Private Portfolio Partners LLC bought a new stake in shares of FS Credit Opportunities during the 4th quarter worth about $72,000. Finally, Bravias Capital Group LLC acquired a new position in shares of FS Credit Opportunities during the 4th quarter valued at about $73,000. 36.37% of the stock is currently owned by institutional investors and hedge funds.

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.