FS Specialty Lending Fund (NYSE:FSSL) Sees Large Decline in Short Interest

FS Specialty Lending Fund (NYSE:FSSL) was the target of a large decrease in short interest in May. As of May 29th, there was short interest totaling 13,629 shares, a decrease of 49.0% from the May 14th total of 26,699 shares. Based on an average daily volume of 292,792 shares, the short-interest ratio is presently 0.0 days.

Institutional Investors Weigh In On FS Specialty Lending Fund

Several institutional investors and hedge funds have recently made changes to their positions in FSSL. Rivernorth Capital Management LLC increased its stake in shares of FS Specialty Lending Fund by 73.7% in the first quarter. Rivernorth Capital Management LLC now owns 2,315,114 shares of the company’s stock valued at $28,962,000 after buying an additional 981,989 shares during the period. Independent Financial Group LLC acquired a new stake in shares of FS Specialty Lending Fund in the first quarter valued at about $3,175,000. Absolute Investment Advisers LLC acquired a new stake in shares of FS Specialty Lending Fund in the first quarter valued at about $834,000. TrueMark Investments LLC increased its stake in shares of FS Specialty Lending Fund by 127.4% in the first quarter. TrueMark Investments LLC now owns 67,304 shares of the company’s stock valued at $842,000 after buying an additional 37,706 shares during the period. Finally, Lido Advisors LLC acquired a new stake in shares of FS Specialty Lending Fund in the first quarter valued at about $366,000.

FS Specialty Lending Fund Stock Down 0.3%

Shares of FSSL opened at $11.33 on Friday. The stock has a 50-day moving average price of $11.91. FS Specialty Lending Fund has a 12-month low of $11.00 and a 12-month high of $15.00.

FS Specialty Lending Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd will be paid a $0.1375 dividend. The ex-dividend date of this dividend is Tuesday, June 23rd. This represents a c) annualized dividend and a dividend yield of 14.6%.

FS Specialty Lending Fund, Inc (NYSE: FSSL) is a publicly listed, closed-end management investment company that provides investors with exposure to specialty finance and private credit markets. The fund seeks to generate current income and long‑term capital appreciation primarily through investments in credit instruments, with a focus on lending strategies that complement traditional fixed‑income allocations. It is sponsored and managed by an adviser affiliated with FS Investments.

The fund’s investment activities typically include originating, acquiring, and managing a diversified portfolio of debt instruments such as senior secured loans, subordinated debt, mezzanine financing, and other specialty finance products.