FS Credit Opportunities Corp. (NYSE:FSCO) Short Interest Up 94.1% in May

FS Credit Opportunities Corp. (NYSE:FSCO) was the recipient of a significant growth in short interest in the month of May. As of May 15th, there was short interest totaling 662,768 shares, a growth of 94.1% from the April 30th total of 341,391 shares. Based on an average daily trading volume, of 910,557 shares, the short-interest ratio is currently 0.7 days. Approximately 0.3% of the shares of the company are sold short.

Institutional Investors Weigh In On FS Credit Opportunities

Several large investors have recently added to or reduced their stakes in the stock. Maridea Wealth Management LLC increased its holdings in shares of FS Credit Opportunities by 2.2% during the fourth quarter. Maridea Wealth Management LLC now owns 74,940 shares of the company’s stock valued at $472,000 after purchasing an additional 1,581 shares during the period. Moors & Cabot Inc. increased its holdings in shares of FS Credit Opportunities by 4.4% during the third quarter. Moors & Cabot Inc. now owns 40,569 shares of the company’s stock valued at $280,000 after purchasing an additional 1,720 shares during the period. Private Advisor Group LLC increased its holdings in shares of FS Credit Opportunities by 0.7% during the third quarter. Private Advisor Group LLC now owns 247,429 shares of the company’s stock valued at $1,710,000 after purchasing an additional 1,829 shares during the period. Certior Financial Group LLC increased its holdings in shares of FS Credit Opportunities by 0.7% during the fourth quarter. Certior Financial Group LLC now owns 289,753 shares of the company’s stock valued at $1,825,000 after purchasing an additional 1,965 shares during the period. Finally, Centerpoint Advisory Group increased its holdings in shares of FS Credit Opportunities by 3.7% during the fourth quarter. Centerpoint Advisory Group now owns 62,079 shares of the company’s stock valued at $391,000 after purchasing an additional 2,198 shares during the period. 36.37% of the stock is owned by institutional investors and hedge funds.

FS Credit Opportunities Stock Down 1.3%

Shares of NYSE FSCO opened at $4.99 on Tuesday. FS Credit Opportunities has a 1-year low of $4.13 and a 1-year high of $7.65. The business’s fifty day moving average price is $5.10 and its two-hundred day moving average price is $5.64.

FS Credit Opportunities (NYSE:FSCO) last issued its earnings results on Monday, March 2nd. The company reported $0.11 earnings per share for the quarter. The company had revenue of $57.34 million during the quarter.

FS Credit Opportunities Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Friday, May 29th. Shareholders of record on Thursday, May 21st were given a $0.0583 dividend. The ex-dividend date of this dividend was Thursday, May 21st. This represents a c) annualized dividend and a yield of 14.0%.

FS Credit Opportunities Company Profile

FS Credit Opportunities Fund Inc (NYSE: FSCO) is a diversified closed-end management investment company that seeks to provide shareholders with a high level of current income and capital appreciation. The fund pursues its objectives by investing primarily in corporate credit instruments, including high-yield bonds, leveraged loans and other credit-related securities. FSCO’s flexible mandate allows it to allocate across the credit spectrum, rotating among sectors, maturities and structures in response to changing market conditions.

Under normal market environments, the fund typically invests at least 80% of its total assets in non-investment grade corporate debt securities, with the remainder allocated to investment-grade obligations, cash and cash equivalents.