Short Interest in FS Credit Opportunities Corp. (NYSE:FSCO) Increases By 91.4%

FS Credit Opportunities Corp. (NYSE:FSCO) was the target of a significant growth in short interest during the month of June. As of June 15th, there was short interest totaling 1,365,814 shares, a growth of 91.4% from the May 31st total of 713,658 shares. Currently, 0.7% of the shares of the stock are short sold. Based on an average daily volume of 1,425,856 shares, the days-to-cover ratio is currently 1.0 days.

Institutional Trading of FS Credit Opportunities

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Noble Wealth Management PBC boosted its stake in shares of FS Credit Opportunities by 15.6% during the 2nd quarter. Noble Wealth Management PBC now owns 499,137 shares of the company’s stock worth $2,491,000 after purchasing an additional 67,223 shares during the last quarter. Concorde Asset Management LLC raised its position in shares of FS Credit Opportunities by 7.9% in the first quarter. Concorde Asset Management LLC now owns 156,674 shares of the company’s stock valued at $799,000 after buying an additional 11,521 shares during the last quarter. Arkadios Wealth Advisors raised its position in shares of FS Credit Opportunities by 3,144.4% in the first quarter. Arkadios Wealth Advisors now owns 3,563,531 shares of the company’s stock valued at $18,174,000 after buying an additional 3,453,693 shares during the last quarter. Rivernorth Capital Management LLC purchased a new position in shares of FS Credit Opportunities during the first quarter valued at approximately $20,443,000. Finally, Lido Advisors LLC purchased a new position in shares of FS Credit Opportunities during the first quarter valued at approximately $80,000. Hedge funds and other institutional investors own 36.37% of the company’s stock.

FS Credit Opportunities Trading Down 0.1%

Shares of FS Credit Opportunities stock traded down $0.01 during trading on Friday, hitting $4.95. 694,382 shares of the company were exchanged, compared to its average volume of 1,573,469. FS Credit Opportunities has a fifty-two week low of $4.13 and a fifty-two week high of $7.65. The firm has a 50 day moving average price of $4.99 and a 200 day moving average price of $5.41.

FS Credit Opportunities (NYSE:FSCO) last announced its earnings results on Monday, March 2nd. The company reported $0.11 EPS for the quarter. The company had revenue of $57.34 million for the quarter.

FS Credit Opportunities Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd were paid a dividend of $0.0583 per share. The ex-dividend date of this dividend was Tuesday, June 23rd. This represents a c) dividend on an annualized basis and a dividend yield of 14.1%.

About FS Credit Opportunities

FS Credit Opportunities Fund Inc (NYSE: FSCO) is a diversified closed-end management investment company that seeks to provide shareholders with a high level of current income and capital appreciation. The fund pursues its objectives by investing primarily in corporate credit instruments, including high-yield bonds, leveraged loans and other credit-related securities. FSCO’s flexible mandate allows it to allocate across the credit spectrum, rotating among sectors, maturities and structures in response to changing market conditions.

Under normal market environments, the fund typically invests at least 80% of its total assets in non-investment grade corporate debt securities, with the remainder allocated to investment-grade obligations, cash and cash equivalents.