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

FS Credit Opportunities Corp. (NYSE:FSCO) was the target of a significant growth in short interest in April. As of April 15th, there was short interest totalling 25,000 shares, a growth 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 currently 0.0 days.

FS Credit Opportunities Stock Down 0.9 %

NYSE:FSCO traded down $0.05 during mid-day trading on Monday, reaching $5.84. 602,742 shares of the company’s stock traded hands, compared to its average volume of 666,000. FS Credit Opportunities has a 12-month low of $4.19 and a 12-month high of $6.04. The company has a 50 day moving average price of $5.81 and a 200-day moving average price of $5.72.

FS Credit Opportunities Dividend Announcement

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

Insider Buying and Selling at FS Credit Opportunities

In related news, Director Keith Bethel acquired 6,500 shares of the firm’s stock in a transaction dated 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 completion of the acquisition, the director now owns 11,500 shares in the company, valued at $66,700. The purchase was disclosed in a filing with the SEC, which is available at this link. In related news, Director Keith Bethel acquired 6,500 shares of the firm’s stock in a transaction dated 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 completion of the acquisition, the director now owns 11,500 shares in the company, valued at $66,700. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, Director Barbara J. Fouss acquired 11,000 shares of the firm’s stock in a transaction dated Monday, March 18th. The stock was bought at an average price of $5.87 per share, for a total transaction of $64,570.00. Following the acquisition, the director now owns 21,130 shares of the company’s stock, valued at approximately $124,033.10. The disclosure for this purchase can be found here. Company insiders own 0.26% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of FSCO. Mather Group LLC. bought a new stake in FS Credit Opportunities during the 1st quarter valued at approximately $31,000. ICA Group Wealth Management LLC bought a new stake in FS Credit Opportunities during the 4th quarter valued at approximately $35,000. Blue Bell Private Wealth Management LLC boosted its position in FS Credit Opportunities by 241.2% during the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 9,478 shares of the company’s stock valued at $51,000 after acquiring an additional 6,700 shares in the last quarter. Gerber LLC bought a new stake in FS Credit Opportunities during the 4th quarter valued at approximately $57,000. Finally, First Heartland Consultants Inc. bought a new stake in FS Credit Opportunities during the 3rd quarter valued at approximately $66,000. Hedge funds and other institutional investors own 36.37% of the company’s stock.

About FS Credit Opportunities

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.