FS Credit Opportunities Corp. (NYSE:FSCO) Short Interest Up 48.2% in February

FS Credit Opportunities Corp. (NYSE:FSCO) saw a significant increase in short interest in the month of February. As of February 29th, there was short interest totalling 85,800 shares, an increase of 48.2% from the February 14th total of 57,900 shares. Based on an average trading volume of 720,800 shares, the short-interest ratio is presently 0.1 days.

Insider Buying and Selling at FS Credit Opportunities

In related news, Director Keith Bethel bought 6,500 shares of the business’s stock in a transaction on Wednesday, March 13th. The shares were bought at an average cost of $5.80 per share, for a total transaction of $37,700.00. Following the completion of the purchase, the director now owns 11,500 shares of the company’s stock, valued at approximately $66,700. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.26% of the stock is currently owned by insiders.

Institutional Trading of FS Credit Opportunities

Several hedge funds have recently added to or reduced their stakes in FSCO. WealthPLAN Partners LLC lifted its position in FS Credit Opportunities by 199.9% in the fourth quarter. WealthPLAN Partners LLC now owns 490,703 shares of the company’s stock worth $2,782,000 after purchasing an additional 327,084 shares during the period. LPL Financial LLC grew its holdings in FS Credit Opportunities by 14.1% during the third quarter. LPL Financial LLC now owns 2,520,064 shares of the company’s stock worth $13,659,000 after acquiring an additional 310,763 shares during the period. WealthPlan Investment Management LLC raised its position in FS Credit Opportunities by 149,216.3% in the third quarter. WealthPlan Investment Management LLC now owns 210,536 shares of the company’s stock worth $1,141,000 after acquiring an additional 210,395 shares in the last quarter. Avantax Advisory Services Inc. lifted its holdings in FS Credit Opportunities by 68.3% in the 3rd quarter. Avantax Advisory Services Inc. now owns 697,695 shares of the company’s stock valued at $3,782,000 after acquiring an additional 283,104 shares during the last quarter. Finally, Allen Capital Group LLC boosted its position in shares of FS Credit Opportunities by 100.5% during the 3rd quarter. Allen Capital Group LLC now owns 158,952 shares of the company’s stock valued at $865,000 after purchasing an additional 79,680 shares in the last quarter. Institutional investors own 29.99% of the company’s stock.

FS Credit Opportunities Price Performance

Shares of NYSE:FSCO traded up $0.08 during trading hours on Friday, hitting $5.88. The stock had a trading volume of 485,958 shares, compared to its average volume of 676,611. The stock’s fifty day simple moving average is $5.74 and its 200 day simple moving average is $5.60. FS Credit Opportunities has a 1-year low of $4.08 and a 1-year high of $6.00.

FS Credit Opportunities Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, March 28th. Investors of record on Thursday, March 21st will be given a $0.06 dividend. This is a boost from FS Credit Opportunities’s previous monthly dividend of $0.06. This represents a $0.72 annualized dividend and a yield of 12.24%. The ex-dividend date of this dividend is Wednesday, March 20th.

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.