FS Credit Opportunities Corp. (NYSE:FSCO) Sees Significant Growth in Short Interest

FS Credit Opportunities Corp. (NYSE:FSCO) saw a significant increase in short interest in 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 daily volume of 1,425,856 shares, the days-to-cover ratio is currently 1.0 days. Currently, 0.7% of the company’s stock are short sold.

Institutional Trading of FS Credit Opportunities

A number of large investors have recently made changes to their positions in FSCO. Cassaday & Co Wealth Management LLC purchased a new stake in shares of FS Credit Opportunities in the first quarter valued at about $28,000. GHP Investment Advisors Inc. purchased a new position in FS Credit Opportunities during the first quarter worth about $29,000. Advocate Investing Services LLC acquired a new stake in FS Credit Opportunities in the fourth quarter valued at about $43,000. Jessup Wealth Management Inc acquired a new stake in FS Credit Opportunities in the fourth quarter valued at about $50,000. Finally, Larson Financial Group LLC boosted its holdings in FS Credit Opportunities by 73.1% in the 4th quarter. Larson Financial Group LLC now owns 8,172 shares of the company’s stock valued at $51,000 after purchasing an additional 3,450 shares in the last quarter. 36.37% of the stock is owned by institutional investors and hedge funds.

FS Credit Opportunities Trading Down 1.1%

Shares of FS Credit Opportunities stock traded down $0.06 during trading hours on Thursday, hitting $4.95. The company had a trading volume of 694,382 shares, compared to its average volume of 1,573,469. The company’s 50-day moving average is $4.99 and its two-hundred day moving average is $5.42. FS Credit Opportunities has a twelve month low of $4.13 and a twelve month high of $7.65.

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

FS Credit Opportunities Announces Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were given a dividend of $0.0583 per share. The ex-dividend date was Tuesday, June 23rd. This represents a c) dividend on an annualized basis and a dividend yield of 14.1%.

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.