FS Credit Opportunities Corp. (NYSE:FSCO) Sees Significant Increase in Short Interest

FS Credit Opportunities Corp. (NYSE:FSCO) saw a large growth in short interest during the month of October. As of October 31st, there was short interest totalling 176,300 shares, a growth of 44.4% from the October 15th total of 122,100 shares. Based on an average trading volume of 677,000 shares, the short-interest ratio is presently 0.3 days.

FS Credit Opportunities Price Performance

Shares of FSCO traded up $0.05 during mid-day trading on Friday, reaching $6.55. The company’s stock had a trading volume of 578,101 shares, compared to its average volume of 672,854. The business has a fifty day moving average of $6.52 and a 200 day moving average of $6.37. FS Credit Opportunities has a 1 year low of $5.47 and a 1 year high of $6.75.

FS Credit Opportunities Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, November 29th. Stockholders of record on Thursday, November 21st will be given a $0.06 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 10.99%. The ex-dividend date of this dividend is Thursday, November 21st.

Insider Activity

In other news, CEO Michael C. Forman sold 102,860 shares of FS Credit Opportunities stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $6.11, for a total value of $628,474.60. Following the transaction, the chief executive officer now directly owns 13,437 shares of the company’s stock, valued at $82,100.07. This trade represents a 88.45 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.26% of the company’s stock.

Institutional Investors Weigh In On FS Credit Opportunities

A number of institutional investors have recently modified their holdings of the stock. Cetera Investment Advisers grew its stake in shares of FS Credit Opportunities by 2,693.8% in the 1st quarter. Cetera Investment Advisers now owns 3,050,684 shares of the company’s stock valued at $18,091,000 after buying an additional 2,941,488 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of FS Credit Opportunities by 3.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,854,560 shares of the company’s stock worth $11,814,000 after acquiring an additional 64,734 shares in the last quarter. Vista Finance LLC grew its holdings in FS Credit Opportunities by 4.2% during the third quarter. Vista Finance LLC now owns 1,676,829 shares of the company’s stock valued at $10,648,000 after purchasing an additional 66,961 shares during the last quarter. Cetera Advisors LLC raised its position in shares of FS Credit Opportunities by 2.3% in the first quarter. Cetera Advisors LLC now owns 1,294,009 shares of the company’s stock valued at $7,673,000 after purchasing an additional 28,563 shares during the period. Finally, Ellis Investment Partners LLC lifted its stake in shares of FS Credit Opportunities by 1.1% in the third quarter. Ellis Investment Partners LLC now owns 799,004 shares of the company’s stock worth $5,074,000 after buying an additional 8,447 shares during the last quarter. Institutional investors and hedge funds own 36.37% of the company’s stock.

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.