FS Specialty Lending Fund (NYSE:FSSL) Shares Shorted: Short Interest Up 277.9% in September

FS Specialty Lending Fund (NYSE:FSSL) was the target of a large increase in short interest in September. As of September 15th, there was short interest totaling 17,253 shares, an increase of 277.9% from the August 31st total of 4,565 shares. Based on an average trading volume of 231,977 shares, the days-to-cover ratio is currently 0.1 days.

FS Specialty Lending Fund Trading Up 0.3%

Shares of FS Specialty Lending Fund stock traded up $0.03 on Friday, hitting $11.58. 219,689 shares of the company traded hands, compared to its average volume of 398,355. The company has a 50-day moving average price of $11.51 and a 200 day moving average price of $11.70. FS Specialty Lending Fund has a 12-month low of $10.75 and a 12-month high of $15.00.

FS Specialty Lending Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 23rd will be given a dividend of $0.1495 per share. The ex-dividend date of this dividend is Wednesday, September 23rd. This represents a $1.79 dividend on an annualized basis and a yield of 15.5%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of FSSL. Hopwood Nicholas Hunter acquired a new position in FS Specialty Lending Fund in the second quarter worth approximately $262,000. Concurrent Investment Advisors LLC acquired a new stake in FS Specialty Lending Fund in the second quarter valued at approximately $257,000. Smallwood Wealth Investment Management LLC acquired a new stake in FS Specialty Lending Fund in the second quarter valued at approximately $61,000. Continuum Advisory LLC acquired a new stake in FS Specialty Lending Fund in the second quarter valued at approximately $85,000. Finally, Pin Oak Investment Advisors Inc. bought a new stake in FS Specialty Lending Fund in the second quarter worth approximately $68,000.

Wall Street Analyst Weigh In

Separately, Compass Point began coverage on shares of FS Specialty Lending Fund in a research report on Wednesday. They set a “buy” rating and a $15.75 price objective on the stock. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, FS Specialty Lending Fund has a consensus rating of “Buy” and an average price target of $15.75.

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.