FS Credit Opportunities Corp. (NYSE:FSCO - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $7.42 and last traded at $7.42, with a volume of 1027795 shares traded. The stock had previously closed at $7.25.
FS Credit Opportunities Stock Performance
The company's 50-day simple moving average is $7.18 and its 200 day simple moving average is $6.97.
FS Credit Opportunities Increases Dividend
The company also recently declared a monthly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Thursday, July 24th will be given a dividend of $0.0678 per share. This represents a $0.81 annualized dividend and a dividend yield of 11.00%. This is a positive change from FS Credit Opportunities's previous monthly dividend of $0.06. The ex-dividend date of this dividend is Thursday, July 24th.
Institutional Trading of FS Credit Opportunities
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Wealthcare Advisory Partners LLC raised its stake in FS Credit Opportunities by 5.3% during the second quarter. Wealthcare Advisory Partners LLC now owns 106,897 shares of the company's stock valued at $776,000 after buying an additional 5,425 shares in the last quarter. Ergawealth Advisors Inc. bought a new position in shares of FS Credit Opportunities in the 2nd quarter worth $129,000. Precedent Wealth Partners LLC acquired a new position in FS Credit Opportunities during the second quarter worth $133,000. Patriot Financial Group Insurance Agency LLC lifted its position in FS Credit Opportunities by 20.1% during the second quarter. Patriot Financial Group Insurance Agency LLC now owns 355,041 shares of the company's stock worth $2,578,000 after acquiring an additional 59,494 shares during the last quarter. Finally, Truist Financial Corp bought a new position in shares of FS Credit Opportunities in the second quarter worth $146,000. Hedge funds and other institutional investors own 36.37% of the company's stock.
About FS Credit Opportunities
(
Get Free Report)
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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