FS Credit Opportunities Corp. (NYSE:FSCO - Get Free Report) was the target of a significant increase in short interest in the month of October. As of October 15th, there was short interest totalling 122,100 shares, an increase of 254.9% from the September 30th total of 34,400 shares. Based on an average daily trading volume, of 713,300 shares, the days-to-cover ratio is currently 0.2 days.
FS Credit Opportunities Stock Performance
NYSE:FSCO remained flat at $6.62 during trading hours on Friday. The company had a trading volume of 487,525 shares, compared to its average volume of 673,680. FS Credit Opportunities has a 52-week low of $5.29 and a 52-week high of $6.75. The stock has a fifty day moving average price of $6.42 and a two-hundred day moving average price of $6.29.
FS Credit Opportunities Dividend Announcement
The company also recently announced a monthly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 24th will be given a $0.06 dividend. This represents a $0.72 annualized dividend and a yield of 10.88%. The ex-dividend date is Thursday, October 24th.
Insider Activity
In other news, CEO Michael C. Forman sold 102,860 shares of the business's stock in a transaction on Monday, September 9th. The stock was sold at an average price of $6.11, for a total transaction of $628,474.60. Following the sale, the chief executive officer now directly owns 13,437 shares of the company's stock, valued at $82,100.07. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, CEO Michael C. Forman sold 102,860 shares of the business's stock in a transaction on Monday, September 9th. The stock was sold at an average price of $6.11, for a total transaction of $628,474.60. Following the sale, the chief executive officer now directly owns 13,437 shares of the company's stock, valued at $82,100.07. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Michael C. Forman sold 218,961 shares of the business's stock in a transaction on Friday, September 6th. The stock was sold at an average price of $6.15, for a total value of $1,346,610.15. Following the sale, the chief executive officer now directly owns 116,297 shares in the company, valued at $715,226.55. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.26% of the company's stock.
Institutional Inflows and Outflows
Several hedge funds have recently bought and sold shares of the company. Vista Finance LLC increased its position in FS Credit Opportunities by 4.2% in the 3rd quarter. Vista Finance LLC now owns 1,676,829 shares of the company's stock worth $10,648,000 after purchasing an additional 66,961 shares during the last quarter. Strategic Blueprint LLC increased its position in FS Credit Opportunities by 4.0% in the 3rd quarter. Strategic Blueprint LLC now owns 109,013 shares of the company's stock worth $692,000 after purchasing an additional 4,157 shares during the last quarter. Patriot Financial Group Insurance Agency LLC increased its position in FS Credit Opportunities by 31.1% in the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 257,708 shares of the company's stock worth $1,636,000 after purchasing an additional 61,103 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its position in FS Credit Opportunities by 40.4% in the 3rd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 16,162 shares of the company's stock worth $103,000 after purchasing an additional 4,650 shares during the last quarter. Finally, Ellis Investment Partners LLC increased its position in FS Credit Opportunities by 1.1% in the 3rd quarter. Ellis Investment Partners LLC now owns 799,004 shares of the company's stock worth $5,074,000 after purchasing an additional 8,447 shares during the last quarter. 36.37% of the stock is owned by institutional investors and hedge funds.
About FS Credit Opportunities
(
Get Free Report)
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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