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

FS Credit Opportunities Corp. (NYSE:FSCO - Get Free Report) saw a large increase in short interest during the month of April. As of April 15th, there was short interest totalling 25,000 shares, an increase of 51.5% from the March 31st total of 16,500 shares. Based on an average trading volume of 669,700 shares, the days-to-cover ratio is presently 0.0 days.

Insider Activity

In other FS Credit Opportunities news, Director Barbara J. Fouss bought 11,000 shares of the company's stock in a transaction that occurred on Monday, March 18th. The stock was purchased at an average price of $5.87 per share, with a total value of $64,570.00. Following the transaction, the director now owns 21,130 shares in the company, valued at $124,033.10. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other FS Credit Opportunities news, Director Keith Bethel bought 6,500 shares of the company's stock in a transaction that occurred on Wednesday, March 13th. The stock was purchased at an average price of $5.80 per share, with a total value of $37,700.00. Following the transaction, the director now owns 11,500 shares in the company, valued at $66,700. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Barbara J. Fouss bought 11,000 shares of the company's stock in a transaction that occurred on Monday, March 18th. The shares were acquired at an average cost of $5.87 per share, with a total value of $64,570.00. Following the transaction, the director now owns 21,130 shares in the company, valued at approximately $124,033.10. The disclosure for this purchase can be found here. Corporate insiders own 0.26% of the company's stock.

Institutional Trading of FS Credit Opportunities

Several large investors have recently bought and sold shares of FSCO. Simplicity Solutions LLC grew its position in FS Credit Opportunities by 26.1% in the third quarter. Simplicity Solutions LLC now owns 61,399 shares of the company's stock valued at $333,000 after acquiring an additional 12,712 shares in the last quarter. Raymond James & Associates boosted its stake in shares of FS Credit Opportunities by 39.4% during the 3rd quarter. Raymond James & Associates now owns 270,413 shares of the company's stock valued at $1,466,000 after buying an additional 76,479 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake in shares of FS Credit Opportunities by 13.6% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 82,363 shares of the company's stock valued at $446,000 after buying an additional 9,864 shares during the last quarter. J.W. Cole Advisors Inc. boosted its stake in shares of FS Credit Opportunities by 68.2% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 64,995 shares of the company's stock valued at $352,000 after buying an additional 26,351 shares during the last quarter. Finally, Denver Wealth Management Inc. boosted its stake in shares of FS Credit Opportunities by 14.5% during the 3rd quarter. Denver Wealth Management Inc. now owns 35,862 shares of the company's stock valued at $194,000 after buying an additional 4,543 shares during the last quarter. Institutional investors and hedge funds own 36.37% of the company's stock.

FS Credit Opportunities Stock Up 1.0 %

FSCO traded up $0.06 on Friday, reaching $5.89. 498,408 shares of the company's stock were exchanged, compared to its average volume of 666,785. FS Credit Opportunities has a twelve month low of $4.14 and a twelve month high of $6.04. The company's 50 day moving average is $5.82 and its 200-day moving average is $5.72.

FS Credit Opportunities Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 23rd will be given a $0.06 dividend. This represents a $0.72 annualized dividend and a yield of 12.22%. The ex-dividend date is Monday, April 22nd.

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.