Short Interest in FS Credit Opportunities Corp. (NYSE:FSCO) Rises By 51.5%

FS Credit Opportunities Corp. (NYSE:FSCO) saw a large increase in short interest in the month of April. As of April 15th, there was short interest totalling 25,000 shares, an increase of 51.5% from the March 31st total of 16,500 shares. Based on an average daily volume of 669,700 shares, the short-interest ratio is presently 0.0 days.

FS Credit Opportunities Stock Performance

NYSE FSCO traded up $0.06 during trading hours on Friday, hitting $5.89. 498,408 shares of the company traded hands, compared to its average volume of 666,785. FS Credit Opportunities has a twelve month low of $4.14 and a twelve month high of $6.04. The business’s 50-day moving average is $5.82 and its 200-day moving average is $5.72.

FS Credit Opportunities Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, April 23rd will be issued a dividend of $0.06 per share. The ex-dividend date is Monday, April 22nd. This represents a $0.72 dividend on an annualized basis and a yield of 12.22%.

Insider Activity

In related news, Director Barbara J. Fouss purchased 11,000 shares of the stock in a transaction dated Monday, March 18th. The stock was bought at an average cost of $5.87 per share, with a total value of $64,570.00. Following the purchase, the director now directly owns 21,130 shares in the company, valued at approximately $124,033.10. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Barbara J. Fouss acquired 11,000 shares of the firm’s stock in a transaction that occurred on Monday, March 18th. The stock was acquired at an average cost of $5.87 per share, for a total transaction of $64,570.00. Following the completion of the acquisition, the director now owns 21,130 shares in the company, valued at $124,033.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Keith Bethel acquired 6,500 shares of the business’s stock in a transaction dated Wednesday, March 13th. The stock was acquired at an average cost of $5.80 per share, for a total transaction of $37,700.00. Following the transaction, the director now owns 11,500 shares of the company’s stock, valued at $66,700. The disclosure for this purchase can be found here. Corporate insiders own 0.26% of the company’s stock.

Institutional Trading of FS Credit Opportunities

A number of large investors have recently added to or reduced their stakes in FSCO. BLB&B Advisors LLC bought a new stake in FS Credit Opportunities in the 1st quarter valued at $175,000. Riverbridge Partners LLC lifted its position in FS Credit Opportunities by 42.8% during the first quarter. Riverbridge Partners LLC now owns 189,079 shares of the company’s stock worth $1,121,000 after acquiring an additional 56,701 shares during the last quarter. Lindbrook Capital LLC acquired a new position in shares of FS Credit Opportunities in the first quarter valued at approximately $107,000. Cambridge Investment Research Advisors Inc. lifted its holdings in FS Credit Opportunities by 9.3% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 5,844,114 shares of the company’s stock worth $34,656,000 after purchasing an additional 495,409 shares during the last quarter. Finally, Blue Bell Private Wealth Management LLC boosted its stake in FS Credit Opportunities by 51.7% in the 1st quarter. Blue Bell Private Wealth Management LLC now owns 8,800 shares of the company’s stock valued at $52,000 after purchasing an additional 3,000 shares during the period. Institutional investors and hedge funds own 36.37% of the company’s stock.

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.