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

FS Credit Opportunities Corp. (NYSE:FSCO) was the recipient of a significant increase in short interest in July. As of July 31st, there was short interest totalling 132,500 shares, an increase of 7.5% from the July 15th total of 123,200 shares. Based on an average daily trading volume, of 683,100 shares, the days-to-cover ratio is currently 0.2 days.

Insider Transactions at FS Credit Opportunities

In other news, Director Barbara J. Fouss purchased 6,000 shares of the stock in a transaction dated Tuesday, June 11th. The shares were purchased at an average cost of $6.40 per share, with a total value of $38,400.00. Following the completion of the acquisition, the director now owns 27,130 shares in the company, valued at approximately $173,632. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders own 0.26% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of FSCO. Raymond James & Associates grew its position in FS Credit Opportunities by 6.8% during the fourth quarter. Raymond James & Associates now owns 288,932 shares of the company’s stock valued at $1,638,000 after acquiring an additional 18,519 shares during the last quarter. International Assets Investment Management LLC grew its position in FS Credit Opportunities by 365.9% during the fourth quarter. International Assets Investment Management LLC now owns 71,811 shares of the company’s stock valued at $407,000 after acquiring an additional 56,396 shares during the last quarter. Cerity Partners LLC bought a new position in FS Credit Opportunities during the fourth quarter valued at approximately $255,000. Tyche Wealth Partners LLC bought a new position in FS Credit Opportunities during the fourth quarter valued at approximately $69,000. Finally, Atria Wealth Solutions Inc. grew its position in FS Credit Opportunities by 57.6% during the fourth quarter. Atria Wealth Solutions Inc. now owns 34,056 shares of the company’s stock valued at $193,000 after acquiring an additional 12,446 shares during the last quarter. 36.37% of the stock is currently owned by institutional investors.

FS Credit Opportunities Stock Up 0.9 %

Shares of FSCO stock traded up $0.05 during trading on Monday, hitting $6.29. The company had a trading volume of 555,290 shares, compared to its average volume of 673,288. The stock’s 50-day moving average is $6.34 and its two-hundred day moving average is $6.08. FS Credit Opportunities has a 52 week low of $5.00 and a 52 week high of $6.64.

FS Credit Opportunities Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, August 30th. Investors of record on Friday, August 23rd will be given a $0.06 dividend. This represents a $0.72 annualized dividend and a dividend yield of 11.46%. The ex-dividend date of this dividend is Friday, August 23rd.

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.