Short Interest in FS Credit Opportunities Corp. (NYSE:FSCO) Grows By 47.0%

FS Credit Opportunities Corp. (NYSE:FSCO - Get Free Report) was the recipient of a significant growth in short interest in the month of March. As of March 31st, there was short interest totalling 453,000 shares, a growth of 47.0% from the March 15th total of 308,100 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 1,025,500 shares, the days-to-cover ratio is currently 0.4 days.

Insiders Place Their Bets

In related news, Director Keith Bethel purchased 5,000 shares of the firm's stock in a transaction dated Thursday, February 13th. The shares were purchased at an average cost of $6.96 per share, for a total transaction of $34,800.00. Following the completion of the transaction, the director now directly owns 20,000 shares in the company, valued at approximately $139,200. This represents a 33.33 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 0.26% of the company's stock.

Institutional Trading of FS Credit Opportunities

A number of hedge funds have recently made changes to their positions in FSCO. LPL Financial LLC boosted its holdings in shares of FS Credit Opportunities by 0.8% in the 4th quarter. LPL Financial LLC now owns 2,710,617 shares of the company's stock worth $18,486,000 after purchasing an additional 22,441 shares in the last quarter. Vista Finance LLC boosted its stake in FS Credit Opportunities by 14.3% in the first quarter. Vista Finance LLC now owns 1,955,812 shares of the company's stock worth $13,788,000 after buying an additional 244,793 shares in the last quarter. Avantax Advisory Services Inc. boosted its stake in FS Credit Opportunities by 0.9% in the fourth quarter. Avantax Advisory Services Inc. now owns 1,944,373 shares of the company's stock worth $13,261,000 after buying an additional 18,020 shares in the last quarter. Blackstone Inc. bought a new position in FS Credit Opportunities during the fourth quarter valued at approximately $11,341,000. Finally, Ellis Investment Partners LLC raised its stake in shares of FS Credit Opportunities by 0.5% during the first quarter. Ellis Investment Partners LLC now owns 816,649 shares of the company's stock worth $5,757,000 after acquiring an additional 4,021 shares in the last quarter. 36.37% of the stock is owned by institutional investors.

FS Credit Opportunities Price Performance

NYSE:FSCO traded up $0.04 during trading hours on Wednesday, hitting $6.59. 731,021 shares of the company's stock traded hands, compared to its average volume of 783,426. FS Credit Opportunities has a 52 week low of $5.29 and a 52 week high of $7.16. The business's fifty day simple moving average is $6.81 and its two-hundred day simple moving average is $6.76.

FS Credit Opportunities Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 23rd will be issued a $0.0645 dividend. This represents a $0.77 dividend on an annualized basis and a dividend yield of 11.75%. The ex-dividend date of this dividend is Wednesday, April 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.