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

FS Credit Opportunities Corp. (NYSE:FSCO) was the target of a large increase in short interest during 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.

Insider Buying and Selling

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

Hedge Funds Weigh In On FS Credit Opportunities

Several hedge funds and other institutional investors have recently modified their holdings of FSCO. Simplicity Solutions LLC increased its stake in shares of FS Credit Opportunities by 26.1% in the 3rd quarter. Simplicity Solutions LLC now owns 61,399 shares of the company’s stock valued at $333,000 after purchasing an additional 12,712 shares during the last quarter. Raymond James & Associates grew its position in FS Credit Opportunities by 39.4% during the 3rd quarter. Raymond James & Associates now owns 270,413 shares of the company’s stock worth $1,466,000 after acquiring an additional 76,479 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its position in FS Credit Opportunities by 13.6% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 82,363 shares of the company’s stock worth $446,000 after acquiring an additional 9,864 shares during the last quarter. J.W. Cole Advisors Inc. grew its position in FS Credit Opportunities by 68.2% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 64,995 shares of the company’s stock worth $352,000 after acquiring an additional 26,351 shares during the last quarter. Finally, Denver Wealth Management Inc. grew its position in FS Credit Opportunities by 14.5% during the 3rd quarter. Denver Wealth Management Inc. now owns 35,862 shares of the company’s stock worth $194,000 after acquiring an additional 4,543 shares during the last quarter. Institutional investors own 36.37% of the company’s stock.

FS Credit Opportunities Trading Down 0.9 %

Shares of FSCO traded down $0.05 during midday trading on Monday, hitting $5.84. The company’s stock had a trading volume of 602,742 shares, compared to its average volume of 666,000. FS Credit Opportunities has a one year low of $4.19 and a one year high of $6.04. The company’s fifty day simple moving average is $5.81 and its two-hundred day simple moving average is $5.72.

FS Credit Opportunities Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 23rd will be paid a $0.06 dividend. The ex-dividend date is Monday, April 22nd. This represents a $0.72 annualized dividend and a dividend yield of 12.34%.

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.