FS Credit Opportunities Corp. (NYSE:FSCO) Short Interest Down 24.0% in March

FS Credit Opportunities Corp. (NYSE:FSCO - Get Free Report) saw a large decline in short interest in the month of March. As of March 15th, there was short interest totalling 308,100 shares, a decline of 24.0% from the February 28th total of 405,300 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 817,400 shares, the days-to-cover ratio is presently 0.4 days.

Insider Transactions at FS Credit Opportunities

In related news, Director Keith Bethel purchased 5,000 shares of the firm's stock in a transaction dated Thursday, February 13th. The shares were acquired at an average cost of $6.96 per share, with a total value of $34,800.00. Following the completion of the purchase, the director now directly owns 20,000 shares of the company's stock, valued at $139,200. This trade represents a 33.33 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.26% of the company's stock.

Hedge Funds Weigh In On FS Credit Opportunities

Institutional investors and hedge funds have recently modified their holdings of the stock. Blackstone Inc. acquired a new stake in shares of FS Credit Opportunities during the fourth quarter worth $11,341,000. Noble Wealth Management PBC bought a new position in FS Credit Opportunities in the fourth quarter valued at about $3,255,000. Raymond James Financial Inc. acquired a new stake in FS Credit Opportunities during the 4th quarter worth approximately $3,128,000. Geneos Wealth Management Inc. acquired a new position in shares of FS Credit Opportunities during the fourth quarter worth $2,252,000. Finally, Advisors Asset Management Inc. lifted its holdings in FS Credit Opportunities by 146.5% during the 4th quarter. Advisors Asset Management Inc. now owns 513,008 shares of the company's stock worth $3,499,000 after buying an additional 304,902 shares during the period. 36.37% of the stock is currently owned by institutional investors and hedge funds.

FS Credit Opportunities Stock Performance

FSCO traded down $0.73 during trading on Friday, reaching $6.10. The company had a trading volume of 5,939,957 shares, compared to its average volume of 741,802. FS Credit Opportunities has a 12 month low of $5.66 and a 12 month high of $7.16. The business's fifty day moving average price is $6.95 and its 200 day moving average price is $6.76.

FS Credit Opportunities Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 24th were paid a dividend of $0.0645 per share. The ex-dividend date was Monday, March 24th. This represents a $0.77 annualized dividend and a dividend yield of 12.69%.

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.