FS Credit Opportunities Corp. (NYSE:FSCO) Sees Significant Decrease in Short Interest

FS Credit Opportunities Corp. (NYSE:FSCO) was the recipient of a significant decline in short interest in the month of November. As of November 30th, there was short interest totalling 202,300 shares, a decline of 8.8% from the November 15th total of 221,800 shares. Based on an average daily trading volume, of 688,500 shares, the short-interest ratio is currently 0.3 days.

FS Credit Opportunities Trading Down 1.0 %

NYSE FSCO traded down $0.07 during trading on Tuesday, reaching $6.63. 680,134 shares of the company’s stock were exchanged, compared to its average volume of 684,436. FS Credit Opportunities has a fifty-two week low of $5.47 and a fifty-two week high of $6.84. The company’s fifty day simple moving average is $6.63 and its 200-day simple moving average is $6.44.

FS Credit Opportunities Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd will be paid 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%.

Institutional Investors Weigh In On FS Credit Opportunities

Institutional investors have recently made changes to their positions in the company. Truvestments Capital LLC bought a new position in FS Credit Opportunities during the third quarter valued at approximately $52,000. Nwam LLC bought a new position in shares of FS Credit Opportunities during the 3rd quarter valued at $66,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new stake in shares of FS Credit Opportunities in the 2nd quarter valued at $73,000. SYM FINANCIAL Corp bought a new stake in FS Credit Opportunities in the second quarter worth $76,000. Finally, Compass Ion Advisors LLC acquired a new position in FS Credit Opportunities during the third quarter worth $81,000. 36.37% of the stock is currently owned by institutional investors and hedge funds.

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.