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

FS Credit Opportunities Corp. (NYSE:FSCO) was the recipient of a significant growth in short interest during the month of August. As of August 31st, there was short interest totalling 45,200 shares, a growth of 18.3% from the August 15th total of 38,200 shares. Based on an average daily trading volume, of 629,000 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Investors Weigh In On FS Credit Opportunities

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Sunbelt Securities Inc. grew its position in shares of FS Credit Opportunities by 54.5% in the second quarter. Sunbelt Securities Inc. now owns 5,616 shares of the company’s stock valued at $27,000 after purchasing an additional 1,980 shares during the last quarter. Annapolis Financial Services LLC grew its position in shares of FS Credit Opportunities by 50.0% in the second quarter. Annapolis Financial Services LLC now owns 6,696 shares of the company’s stock valued at $32,000 after purchasing an additional 2,232 shares during the last quarter. PFG Investments LLC grew its position in shares of FS Credit Opportunities by 12.1% in the second quarter. PFG Investments LLC now owns 22,925 shares of the company’s stock valued at $109,000 after purchasing an additional 2,476 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in FS Credit Opportunities by 50.0% during the second quarter. EverSource Wealth Advisors LLC now owns 7,773 shares of the company’s stock worth $37,000 after buying an additional 2,591 shares in the last quarter. Finally, Larson Financial Group LLC grew its position in FS Credit Opportunities by 50.0% during the second quarter. Larson Financial Group LLC now owns 8,268 shares of the company’s stock worth $39,000 after buying an additional 2,756 shares in the last quarter. 29.99% of the stock is owned by institutional investors and hedge funds.

FS Credit Opportunities Stock Performance

FS Credit Opportunities stock opened at $5.20 on Tuesday. The stock’s fifty day simple moving average is $5.19. FS Credit Opportunities has a one year low of $3.80 and a one year high of $5.97.

FS Credit Opportunities Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 22nd will be given a $0.057 dividend. This represents a $0.68 annualized dividend and a dividend yield of 13.15%. The ex-dividend date is Thursday, September 21st.

FS Credit Opportunities Company Profile

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.