FS Credit Opportunities Corp. (NYSE:FSCO) Short Interest Down 88.7% in April

FS Credit Opportunities Corp. (NYSE:FSCO - Get Free Report) was the recipient of a significant decline in short interest during the month of April. As of April 15th, there was short interest totalling 51,300 shares, a decline of 88.7% from the March 31st total of 453,000 shares. Based on an average trading volume of 998,900 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the shares of the stock are sold short.

FS Credit Opportunities Price Performance

NYSE:FSCO traded up $0.05 on Friday, reaching $6.71. The company's stock had a trading volume of 469,006 shares, compared to its average volume of 785,446. FS Credit Opportunities has a 12-month low of $5.29 and a 12-month high of $7.16. The stock has a 50 day moving average price of $6.79 and a 200 day moving average price of $6.76.

FS Credit Opportunities Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 23rd will be paid a dividend of $0.0645 per share. This represents a $0.77 annualized dividend and a yield of 11.54%. The ex-dividend date of this dividend is Wednesday, April 23rd.

Insider Buying and Selling

In other news, Director Keith Bethel purchased 5,000 shares of the company's stock in a transaction dated Thursday, February 13th. The stock was acquired at an average price of $6.96 per share, with a total value of $34,800.00. Following the purchase, the director now directly owns 20,000 shares in the company, valued at approximately $139,200. This represents a 33.33 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. 0.26% of the stock is currently owned by company insiders.

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. Jane Street Group LLC increased its stake in FS Credit Opportunities by 71.1% during the 3rd quarter. Jane Street Group LLC now owns 24,309 shares of the company's stock worth $154,000 after buying an additional 10,103 shares during the period. Park Avenue Securities LLC acquired a new position in FS Credit Opportunities in the fourth quarter valued at $82,000. PFG Investments LLC grew its stake in FS Credit Opportunities by 92.0% during the 4th quarter. PFG Investments LLC now owns 163,974 shares of the company's stock worth $1,118,000 after buying an additional 78,570 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of FS Credit Opportunities by 689.7% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 106,900 shares of the company's stock valued at $679,000 after acquiring an additional 93,363 shares during the period. Finally, Sanctuary Advisors LLC increased its stake in FS Credit Opportunities by 87.4% in the fourth quarter. Sanctuary Advisors LLC now owns 154,687 shares of the company's stock valued at $1,063,000 after purchasing an additional 72,144 shares during the period. Hedge funds and other institutional investors own 36.37% of the company's stock.

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.

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