FS Credit Opportunities Corp. (NYSE:FSCO) Short Interest Update

FS Credit Opportunities Corp. (NYSE:FSCO) saw a large drop in short interest in the month of September. As of September 15th, there was short interest totalling 14,000 shares, a drop of 55.7% from the August 31st total of 31,600 shares. Based on an average daily trading volume, of 2,700 shares, the short-interest ratio is currently 5.2 days.

Insider Activity

In related news, CEO Michael C. Forman sold 102,860 shares of FS Credit Opportunities stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $6.11, for a total value of $628,474.60. Following the completion of the sale, the chief executive officer now directly owns 13,437 shares in the company, valued at $82,100.07. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other FS Credit Opportunities news, CEO Michael C. Forman sold 102,860 shares of the company’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $6.11, for a total transaction of $628,474.60. Following the completion of the sale, the chief executive officer now owns 13,437 shares in the company, valued at approximately $82,100.07. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Michael C. Forman sold 218,961 shares of the firm’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $6.15, for a total value of $1,346,610.15. Following the transaction, the chief executive officer now owns 116,297 shares in the company, valued at approximately $715,226.55. The disclosure for this sale can be found here. Insiders own 0.26% of the company’s stock.

Institutional Trading of FS Credit Opportunities

A number of large investors have recently bought and sold shares of FSCO. Nomura Holdings Inc. increased its holdings in FS Credit Opportunities by 1,134.0% during the 4th quarter. Nomura Holdings Inc. now owns 6,755,907 shares of the company’s stock worth $38,306,000 after purchasing an additional 6,208,428 shares in the last quarter. Cetera Investment Advisers grew its holdings in shares of FS Credit Opportunities by 2,693.8% during the first quarter. Cetera Investment Advisers now owns 3,050,684 shares of the company’s stock worth $18,091,000 after buying an additional 2,941,488 shares in the last quarter. Envestnet Asset Management Inc. raised its position in FS Credit Opportunities by 3.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,854,560 shares of the company’s stock valued at $11,814,000 after buying an additional 64,734 shares during the last quarter. Vista Finance LLC lifted its stake in FS Credit Opportunities by 865.7% in the 2nd quarter. Vista Finance LLC now owns 1,609,868 shares of the company’s stock valued at $10,255,000 after acquiring an additional 1,443,169 shares in the last quarter. Finally, Cetera Advisors LLC boosted its position in FS Credit Opportunities by 2.3% during the 1st quarter. Cetera Advisors LLC now owns 1,294,009 shares of the company’s stock worth $7,673,000 after acquiring an additional 28,563 shares during the last quarter. 36.37% of the stock is owned by institutional investors.

FS Credit Opportunities Stock Up 0.2 %

Shares of FS Credit Opportunities stock opened at $6.40 on Friday. FS Credit Opportunities has a 12 month low of $5.21 and a 12 month high of $6.64. The stock’s fifty day simple moving average is $6.26 and its 200 day simple moving average is $6.18.

FS Credit Opportunities Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 23rd will be given a $0.06 dividend. The ex-dividend date of this dividend is Monday, September 23rd. This represents a $0.72 annualized dividend and a dividend yield of 11.25%.

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.