Short Interest in FS Credit Opportunities Corp. (NYSE:FSCO) Drops By 8.8%

FS Credit Opportunities Corp. (NYSE:FSCOGet Free Report) was the recipient of a large drop in short interest in November. As of November 30th, there was short interest totalling 202,300 shares, a drop of 8.8% from the November 15th total of 221,800 shares. Based on an average daily trading volume, of 688,500 shares, the days-to-cover ratio is presently 0.3 days.

FS Credit Opportunities Stock Down 1.0 %

Shares of FSCO traded down $0.07 during trading hours on Tuesday, hitting $6.63. 680,134 shares of the stock were exchanged, compared to its average volume of 684,436. The stock’s 50-day moving average price is $6.63 and its two-hundred day moving average price is $6.44. FS Credit Opportunities has a 12-month low of $5.47 and a 12-month high of $6.84.

FS Credit Opportunities Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd will be issued a $0.06 dividend. The ex-dividend date is Monday, December 23rd. This represents a $0.72 dividend on an annualized basis and a yield of 10.87%.

Hedge Funds Weigh In On FS Credit Opportunities

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Truvestments Capital LLC purchased a new position in shares of FS Credit Opportunities during the 3rd quarter worth $52,000. Nwam LLC acquired a new position in shares of FS Credit Opportunities in the 3rd quarter worth approximately $66,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new stake in FS Credit Opportunities in the 2nd quarter valued at approximately $73,000. SYM FINANCIAL Corp purchased a new stake in FS Credit Opportunities in the second quarter valued at approximately $76,000. Finally, Compass Ion Advisors LLC purchased a new position in shares of FS Credit Opportunities during the third quarter worth $81,000. Institutional investors and hedge funds own 36.37% of the company’s stock.

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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