FS Specialty Lending Fund (NYSE:FSSL) Short Interest Update

FS Specialty Lending Fund (NYSE:FSSL) saw a significant growth in short interest in June. As of June 30th, there was short interest totaling 71,687 shares, a growth of 102.8% from the June 15th total of 35,356 shares. Based on an average daily volume of 281,751 shares, the short-interest ratio is presently 0.3 days.

Institutional Trading of FS Specialty Lending Fund

A number of institutional investors and hedge funds have recently bought and sold shares of the business. GHP Investment Advisors Inc. acquired a new stake in shares of FS Specialty Lending Fund during the first quarter worth about $25,000. Main Street Group LTD purchased a new position in shares of FS Specialty Lending Fund in the first quarter valued at approximately $30,000. Raleigh Capital Management Inc. grew its holdings in shares of FS Specialty Lending Fund by 125.8% in the first quarter. Raleigh Capital Management Inc. now owns 3,460 shares of the company’s stock valued at $43,000 after purchasing an additional 1,928 shares in the last quarter. CoreCap Advisors LLC acquired a new position in shares of FS Specialty Lending Fund in the second quarter valued at approximately $61,000. Finally, Cassaday & Co Wealth Management LLC purchased a new stake in FS Specialty Lending Fund during the 1st quarter worth approximately $112,000.

FS Specialty Lending Fund Trading Up 2.2%

Shares of NYSE FSSL traded up $0.24 during trading on Wednesday, reaching $11.07. The stock had a trading volume of 581,759 shares, compared to its average volume of 442,725. FS Specialty Lending Fund has a fifty-two week low of $10.75 and a fifty-two week high of $15.00. The stock has a 50-day moving average price of $11.42.

FS Specialty Lending Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 24th will be issued a dividend of $0.1375 per share. This represents a c) dividend on an annualized basis and a yield of 14.9%. The ex-dividend date is Friday, July 24th.

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.