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

FS Credit Opportunities Corp. (NYSE:FSCO - Get Free Report) was the target of a large growth in short interest in May. As of May 31st, there was short interest totalling 682,400 shares, a growth of 72.4% from the May 15th total of 395,800 shares. Currently, 0.3% of the company's stock are short sold. Based on an average trading volume of 1,017,300 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Investors Weigh In On FS Credit Opportunities

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. NewEdge Advisors LLC lifted its holdings in FS Credit Opportunities by 6.3% in the 4th quarter. NewEdge Advisors LLC now owns 25,033 shares of the company's stock worth $171,000 after purchasing an additional 1,473 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in FS Credit Opportunities by 1.4% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 113,825 shares of the company's stock worth $802,000 after acquiring an additional 1,597 shares during the last quarter. Koshinski Asset Management Inc. raised its holdings in shares of FS Credit Opportunities by 10.8% during the 1st quarter. Koshinski Asset Management Inc. now owns 16,439 shares of the company's stock worth $116,000 after acquiring an additional 1,605 shares in the last quarter. Summit X LLC grew its holdings in shares of FS Credit Opportunities by 6.5% in the first quarter. Summit X LLC now owns 27,829 shares of the company's stock valued at $196,000 after purchasing an additional 1,695 shares in the last quarter. Finally, Liberty Square Wealth Partners LLC increased its position in FS Credit Opportunities by 5.0% in the first quarter. Liberty Square Wealth Partners LLC now owns 35,959 shares of the company's stock worth $254,000 after purchasing an additional 1,702 shares during the last quarter. Institutional investors own 36.37% of the company's stock.

FS Credit Opportunities Stock Performance

Shares of FSCO stock traded down $0.02 during trading hours on Friday, reaching $7.23. The company had a trading volume of 514,472 shares, compared to its average volume of 824,184. The business has a fifty day moving average price of $6.93 and a 200-day moving average price of $6.88. FS Credit Opportunities has a one year low of $5.29 and a one year high of $7.33.

FS Credit Opportunities Dividend Announcement

The business also recently declared a jun 25 dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 23rd will be given a $0.0678 dividend. This represents a yield of 10.2%. The ex-dividend date of this dividend is Monday, June 23rd.

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.

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