Short Interest in FS Credit Opportunities Corp. (NYSE:FSCO) Decreases By 24.0%

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

FS Credit Opportunities Stock Performance

Shares of NYSE FSCO opened at $7.07 on Monday. The stock’s 50 day moving average price is $6.97 and its 200-day moving average price is $6.75. FS Credit Opportunities has a twelve month low of $5.66 and a twelve month high of $7.16.

FS Credit Opportunities Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 24th will be given a $0.0645 dividend. The ex-dividend date of this dividend is Monday, March 24th. This represents a $0.77 annualized dividend and a yield of 10.96%.

Insider Buying and Selling

In other news, Director Keith Bethel purchased 5,000 shares of the business’s stock in a transaction that occurred on Thursday, February 13th. The shares were acquired at an average cost of $6.96 per share, for a total transaction of $34,800.00. Following the completion of the acquisition, the director now owns 20,000 shares in the company, valued at $139,200. This trade represents a 33.33 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.26% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On FS Credit Opportunities

Several large investors have recently made changes to their positions in FSCO. Jane Street Group LLC grew its position in FS Credit Opportunities by 71.1% during the third quarter. Jane Street Group LLC now owns 24,309 shares of the company’s stock valued at $154,000 after buying an additional 10,103 shares during the period. Park Avenue Securities LLC purchased a new stake in shares of FS Credit Opportunities during the 4th quarter worth approximately $82,000. PFG Investments LLC raised its holdings in shares of FS Credit Opportunities by 92.0% in the 4th quarter. PFG Investments LLC now owns 163,974 shares of the company’s stock worth $1,118,000 after purchasing an additional 78,570 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake in FS Credit Opportunities by 689.7% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 106,900 shares of the company’s stock valued at $679,000 after purchasing an additional 93,363 shares during the last quarter. Finally, Sanctuary Advisors LLC grew its holdings in FS Credit Opportunities by 87.4% during the fourth quarter. Sanctuary Advisors LLC now owns 154,687 shares of the company’s stock valued at $1,063,000 after purchasing an additional 72,144 shares during the period. 36.37% of the stock is owned by hedge funds and other institutional investors.

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.