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 during the month of June. As of June 15th, there was short interest totaling 1,365,814 shares, an increase of 91.4% from the May 31st total of 713,658 shares. Based on an average trading volume of 1,425,856 shares, the short-interest ratio is currently 1.0 days. Approximately 0.7% of the company’s shares are short sold.

Institutional Investors Weigh In On FS Credit Opportunities

A number of large investors have recently added to or reduced their stakes in the company. Maridea Wealth Management LLC boosted its holdings in shares of FS Credit Opportunities by 2.2% during the fourth quarter. Maridea Wealth Management LLC now owns 74,940 shares of the company’s stock worth $472,000 after purchasing an additional 1,581 shares during the period. Moors & Cabot Inc. increased its stake in shares of FS Credit Opportunities by 4.4% during the third quarter. Moors & Cabot Inc. now owns 40,569 shares of the company’s stock valued at $280,000 after buying an additional 1,720 shares during the period. Private Advisor Group LLC raised its holdings in shares of FS Credit Opportunities by 0.7% during the third quarter. Private Advisor Group LLC now owns 247,429 shares of the company’s stock valued at $1,710,000 after acquiring an additional 1,829 shares in the last quarter. Certior Financial Group LLC lifted its stake in FS Credit Opportunities by 0.7% in the fourth quarter. Certior Financial Group LLC now owns 289,753 shares of the company’s stock worth $1,825,000 after acquiring an additional 1,965 shares during the period. Finally, Centerpoint Advisory Group lifted its stake in FS Credit Opportunities by 3.7% in the fourth quarter. Centerpoint Advisory Group now owns 62,079 shares of the company’s stock worth $391,000 after acquiring an additional 2,198 shares during the period. Institutional investors own 36.37% of the company’s stock.

FS Credit Opportunities Price Performance

FSCO traded down $0.01 on Wednesday, hitting $4.98. 963,351 shares of the company were exchanged, compared to its average volume of 1,579,131. The firm has a fifty day simple moving average of $5.00 and a two-hundred day simple moving average of $5.43. FS Credit Opportunities has a 12 month low of $4.13 and a 12 month high of $7.65.

FS Credit Opportunities (NYSE:FSCO) last announced its quarterly earnings data on Monday, March 2nd. The company reported $0.11 earnings per share for the quarter. The company had revenue of $57.34 million during the quarter.

FS Credit Opportunities Announces Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd were issued a dividend of $0.0583 per share. This represents a c) dividend on an annualized basis and a yield of 14.0%. The ex-dividend date was Tuesday, June 23rd.

About FS Credit Opportunities

FS Credit Opportunities Fund Inc (NYSE: FSCO) is a diversified closed-end management investment company that seeks to provide shareholders with a high level of current income and capital appreciation. The fund pursues its objectives by investing primarily in corporate credit instruments, including high-yield bonds, leveraged loans and other credit-related securities. FSCO’s flexible mandate allows it to allocate across the credit spectrum, rotating among sectors, maturities and structures in response to changing market conditions.

Under normal market environments, the fund typically invests at least 80% of its total assets in non-investment grade corporate debt securities, with the remainder allocated to investment-grade obligations, cash and cash equivalents.