Short Interest in FS Credit Opportunities Corp. (NYSE:FSCO) Rises By 51.5%

FS Credit Opportunities Corp. (NYSE:FSCO) was the target of a significant increase in short interest in the month of April. As of April 15th, there was short interest totalling 25,000 shares, an increase of 51.5% from the March 31st total of 16,500 shares. Based on an average daily trading volume, of 669,700 shares, the short-interest ratio is presently 0.0 days.

Insider Transactions at FS Credit Opportunities

In other news, Director Keith Bethel bought 6,500 shares of the stock in a transaction on Wednesday, March 13th. The shares were purchased at an average price of $5.80 per share, for a total transaction of $37,700.00. Following the completion of the purchase, the director now directly owns 11,500 shares of the company’s stock, valued at approximately $66,700. The purchase was disclosed in a filing with the SEC, which is available through this link. In other FS Credit Opportunities news, Director Barbara J. Fouss acquired 11,000 shares of FS Credit Opportunities stock in a transaction that occurred on Monday, March 18th. The stock was acquired at an average price of $5.87 per share, with a total value of $64,570.00. Following the purchase, the director now owns 21,130 shares in the company, valued at $124,033.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Keith Bethel bought 6,500 shares of the stock in a transaction on Wednesday, March 13th. The shares were acquired at an average cost of $5.80 per share, for a total transaction of $37,700.00. Following the completion of the transaction, the director now directly owns 11,500 shares of the company’s stock, valued at $66,700. The disclosure for this purchase can be found here. 0.26% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. BLB&B Advisors LLC acquired a new stake in shares of FS Credit Opportunities in the first quarter valued at about $175,000. Riverbridge Partners LLC grew its holdings in FS Credit Opportunities by 42.8% in the 1st quarter. Riverbridge Partners LLC now owns 189,079 shares of the company’s stock valued at $1,121,000 after buying an additional 56,701 shares during the last quarter. Lindbrook Capital LLC bought a new position in FS Credit Opportunities in the 1st quarter worth approximately $107,000. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of FS Credit Opportunities by 9.3% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 5,844,114 shares of the company’s stock worth $34,656,000 after buying an additional 495,409 shares during the last quarter. Finally, Blue Bell Private Wealth Management LLC boosted its position in shares of FS Credit Opportunities by 51.7% in the first quarter. Blue Bell Private Wealth Management LLC now owns 8,800 shares of the company’s stock valued at $52,000 after acquiring an additional 3,000 shares during the period. Institutional investors own 36.37% of the company’s stock.

FS Credit Opportunities Stock Performance

Shares of FSCO traded down $0.04 during trading hours on Monday, hitting $5.85. 602,441 shares of the company were exchanged, compared to its average volume of 666,000. The firm’s 50 day moving average is $5.82 and its 200-day moving average is $5.72. FS Credit Opportunities has a 52 week low of $4.19 and a 52 week high of $6.04.

FS Credit Opportunities Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, April 23rd will be issued a dividend of $0.06 per share. This represents a $0.72 annualized dividend and a dividend yield of 12.31%. The ex-dividend date is Monday, April 22nd.

About FS Credit Opportunities

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.