FS Credit Opportunities Corp. (NYSE:FSCO - Get Free Report) shares rose 2.2% during mid-day trading on Tuesday. The stock traded as high as $5.11 and last traded at $5.10. 923,338 shares were traded during trading, a decline of 30% from the average session volume of 1,315,855 shares. The stock had previously closed at $4.99.
FS Credit Opportunities Stock Performance
The stock's 50-day moving average is $5.13 and its 200-day moving average is $5.17.
FS Credit Opportunities Dividend Announcement
The firm also recently declared a monthly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Wednesday, December 23rd will be paid a dividend of $0.0594 per share. This represents a $0.71 dividend on an annualized basis and a dividend yield of 14.0%. The ex-dividend date of this dividend is Wednesday, December 23rd.
Institutional Investors Weigh In On FS Credit Opportunities
Several hedge funds have recently made changes to their positions in FSCO. Cassaday & Co Wealth Management LLC acquired a new position in FS Credit Opportunities in the first quarter valued at $28,000. Continuum Advisory LLC purchased a new stake in FS Credit Opportunities in the 2nd quarter valued at about $33,000. Parallel Advisors LLC grew its holdings in FS Credit Opportunities by 119.3% in the 3rd quarter. Parallel Advisors LLC now owns 6,782 shares of the company's stock valued at $35,000 after buying an additional 3,689 shares during the period. Kintra Wealth LLC purchased a new stake in FS Credit Opportunities in the 2nd quarter valued at about $52,000. Finally, Madrona Financial Services LLC acquired a new position in shares of FS Credit Opportunities during the 3rd quarter valued at about $53,000. Institutional investors and hedge funds own 36.37% of the company's stock.
FS Credit Opportunities Company Profile
(
Get Free Report)
FS Credit Opportunities Corp. NYSE: FSCO is a publicly traded, non-diversified closed-end investment company. Its investment objective is to provide investors with current income and the potential for capital appreciation by investing across a broad range of credit-related assets.
The fund invests primarily in below-investment-grade and floating-rate instruments, including senior secured loans, high-yield bonds, private credit investments and structured credit securities. Its portfolio may include debt issued by companies in a variety of industries and may span both public and private markets.
FS Credit Opportunities Corp.
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