FS Specialty Lending Fund (NYSE:FSSL) Short Interest Down 49.0% in May

FS Specialty Lending Fund (NYSE:FSSL) was the recipient of a large decline in short interest during the month of May. As of May 29th, there was short interest totaling 13,629 shares, a decline of 49.0% from the May 14th total of 26,699 shares. Based on an average daily volume of 292,792 shares, the days-to-cover ratio is currently 0.0 days.

Hedge Funds Weigh In On FS Specialty Lending Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Rivernorth Capital Management LLC raised its holdings in FS Specialty Lending Fund by 73.7% in the 1st quarter. Rivernorth Capital Management LLC now owns 2,315,114 shares of the company’s stock valued at $28,962,000 after acquiring an additional 981,989 shares in the last quarter. Independent Financial Group LLC acquired a new position in FS Specialty Lending Fund in the 1st quarter valued at $3,175,000. Riverbridge Partners LLC raised its holdings in FS Specialty Lending Fund by 8.1% in the 1st quarter. Riverbridge Partners LLC now owns 158,283 shares of the company’s stock valued at $1,980,000 after acquiring an additional 11,860 shares in the last quarter. TrueMark Investments LLC raised its holdings in FS Specialty Lending Fund by 127.4% in the 1st quarter. TrueMark Investments LLC now owns 67,304 shares of the company’s stock valued at $842,000 after acquiring an additional 37,706 shares in the last quarter. Finally, Absolute Investment Advisers LLC acquired a new position in FS Specialty Lending Fund in the 1st quarter valued at $834,000.

FS Specialty Lending Fund Stock Down 0.3%

Shares of NYSE FSSL opened at $11.33 on Friday. FS Specialty Lending Fund has a 12 month low of $11.00 and a 12 month high of $15.00. The business’s 50 day simple moving average is $11.91.

FS Specialty Lending Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd will be paid a $0.1375 dividend. The ex-dividend date is Tuesday, June 23rd. This represents a c) annualized dividend and a yield of 14.6%.

FS Specialty Lending Fund, Inc (NYSE: FSSL) is a publicly listed, closed-end management investment company that provides investors with exposure to specialty finance and private credit markets. The fund seeks to generate current income and long?term capital appreciation primarily through investments in credit instruments, with a focus on lending strategies that complement traditional fixed?income allocations. It is sponsored and managed by an adviser affiliated with FS Investments.

The fund’s investment activities typically include originating, acquiring, and managing a diversified portfolio of debt instruments such as senior secured loans, subordinated debt, mezzanine financing, and other specialty finance products.