FS Credit Opportunities (NYSE:FSCO) Sees Strong Trading Volume - Still a Buy?

Key Points

• FS Credit Opportunities Corp. (NYSE:FSCO) experienced a notable increase in trading volume, with 2,594,804 shares traded, which is an increase of 180% from the previous session.
• The company announced a dividend of $0.0678 to be paid on September 30th, representing an extraordinary dividend yield of 1,131.0%.
• Institutional investors have significantly increased their stakes in FS Credit Opportunities, with investments from firms like Sunbelt Securities Inc. and Wealth Enhancement Advisory Services LLC, highlighting strong confidence in the stock.

FS Credit Opportunities Corp. (NYSE:FSCO - ) saw an uptick in trading volume on Thursday . 2,594,804 shares were traded during trading, an increase of 180% from the previous session's volume of 928,038 shares.The stock last traded at $6.74 and had previously closed at $7.00.

FS Credit Opportunities Trading Down 2.5%

The firm has a 50-day moving average of $7.40 and a two-hundred day moving average of $7.13.

FS Credit Opportunities Announces Dividend

The firm also recently disclosed a sep 25 dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 23rd will be given a $0.0678 dividend. The ex-dividend date is Tuesday, September 23rd. This represents a dividend yield of 1,131.0%.

Institutional Trading of FS Credit Opportunities

A number of institutional investors have recently made changes to their positions in the company. Sunbelt Securities Inc. boosted its stake in FS Credit Opportunities by 101.4% during the fourth quarter. Sunbelt Securities Inc. now owns 13,140 shares of the company's stock worth $88,000 after buying an additional 6,617 shares during the last quarter. Jefferies Financial Group Inc. acquired a new position in FS Credit Opportunities during the fourth quarter worth $136,000. BridgePort Financial Solutions LLC acquired a new position in FS Credit Opportunities during the fourth quarter worth $100,000. Wealthedge Investment Advisors LLC acquired a new position in FS Credit Opportunities during the fourth quarter worth $130,000. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in FS Credit Opportunities by 729.0% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 112,228 shares of the company's stock worth $765,000 after buying an additional 98,691 shares during the last quarter. 36.37% of the stock is owned by institutional investors and hedge funds.

FS Credit Opportunities Company Profile

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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