FS Credit Opportunities (NYSE:FSCO) Sees Large Volume Increase - Should You Buy?

Key Points

• FS Credit Opportunities Corp. (NYSE:FSCO) experienced a significant trading volume increase, with approximately 1,221,842 shares traded, marking a 22% rise from the previous session.
• The firm announced a monthly dividend of $0.0678 per share, which will be paid on November 28th, reflecting an annualized yield of 12.5% for stockholders of record on November 20th.
• Institutional investors hold 36.37% of FSCO stock, with several firms recently acquiring new stakes valued between $35,000 and $83,000 in the company.

FS Credit Opportunities Corp. (NYSE:FSCO - ) shares saw unusually-high trading volume on Monday . Approximately 1,221,842 shares traded hands during trading, an increase of 22% from the previous session's volume of 999,800 shares.The stock last traded at $6.63 and had previously closed at $6.88.

FS Credit Opportunities Trading Down 5.5%

The firm has a fifty day moving average price of $7.28 and a 200-day moving average price of $7.12.

FS Credit Opportunities Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, November 28th. Stockholders of record on Thursday, November 20th will be issued a dividend of $0.0678 per share. This represents a c) annualized dividend and a dividend yield of 12.5%. The ex-dividend date of this dividend is Thursday, November 20th.

Institutional Trading of FS Credit Opportunities

Large investors have recently bought and sold shares of the business. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in FS Credit Opportunities in the second quarter valued at about $35,000. NWF Advisory Services Inc. acquired a new stake in FS Credit Opportunities in the second quarter valued at about $75,000. Global Assets Advisory LLC acquired a new stake in FS Credit Opportunities in the first quarter valued at about $77,000. Curran Financial Partners LLC acquired a new stake in FS Credit Opportunities in the first quarter valued at about $78,000. Finally, Second Line Capital LLC acquired a new stake in FS Credit Opportunities in the second quarter valued at about $83,000. 36.37% of the stock is owned by institutional investors and hedge funds.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.