FS Credit Opportunities (NYSE:FSCO) Sees Large Volume Increase

FS Credit Opportunities Corp. (NYSE:FSCO) shares saw strong trading volume on Monday . 700,682 shares changed hands during trading, an increase of 6% from the previous session’s volume of 661,476 shares.The stock last traded at $5.89 and had previously closed at $6.24.

FS Credit Opportunities Stock Performance

The business’s 50 day simple moving average is $6.37 and its 200 day simple moving average is $6.05.

FS Credit Opportunities Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, August 30th. Stockholders of record on Friday, August 23rd will be issued a dividend of $0.06 per share. This represents a $0.72 annualized dividend and a dividend yield of 12.14%. The ex-dividend date is Friday, August 23rd.

Insider Activity at FS Credit Opportunities

In other FS Credit Opportunities news, Director Barbara J. Fouss acquired 6,000 shares of FS Credit Opportunities stock in a transaction dated Tuesday, June 11th. The stock was bought at an average cost of $6.40 per share, with a total value of $38,400.00. Following the acquisition, the director now owns 27,130 shares of the company’s stock, valued at $173,632. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.26% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On FS Credit Opportunities

A number of hedge funds have recently modified their holdings of FSCO. Legacy Capital Wealth Partners LLC bought a new stake in FS Credit Opportunities in the second quarter valued at $259,000. WR Wealth Planners LLC boosted its stake in shares of FS Credit Opportunities by 14.2% in the 2nd quarter. WR Wealth Planners LLC now owns 15,740 shares of the company’s stock valued at $100,000 after purchasing an additional 1,955 shares in the last quarter. Anfield Capital Management LLC acquired a new stake in shares of FS Credit Opportunities during the 2nd quarter worth about $242,000. IFG Advisory LLC lifted its holdings in FS Credit Opportunities by 15.3% during the 2nd quarter. IFG Advisory LLC now owns 84,551 shares of the company’s stock valued at $539,000 after purchasing an additional 11,191 shares during the last quarter. Finally, Concurrent Investment Advisors LLC boosted its position in FS Credit Opportunities by 18.5% in the second quarter. Concurrent Investment Advisors LLC now owns 66,431 shares of the company’s stock valued at $423,000 after buying an additional 10,386 shares in the last quarter. 36.37% of the stock is owned by institutional investors and hedge funds.

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.