FS Credit Opportunities (NYSE:FSCO) Reaches New 52-Week High – Here’s Why

FS Credit Opportunities Corp. (NYSE:FSCO)’s stock price hit a new 52-week high during trading on Monday . The company traded as high as $6.81 and last traded at $6.79, with a volume of 522354 shares changing hands. The stock had previously closed at $6.74.

FS Credit Opportunities Price Performance

The stock’s fifty day moving average price is $6.61 and its two-hundred day moving average price is $6.42.

FS Credit Opportunities Dividend Announcement

The firm also recently declared 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. This represents a $0.72 dividend on an annualized basis and a yield of 10.71%. The ex-dividend date is Monday, December 23rd.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Simplicity Wealth LLC boosted its holdings in FS Credit Opportunities by 8.7% in the second quarter. Simplicity Wealth LLC now owns 55,095 shares of the company’s stock valued at $351,000 after purchasing an additional 4,393 shares in the last quarter. McGlone Suttner Wealth Management Inc. purchased a new position in FS Credit Opportunities during the 2nd quarter worth approximately $86,000. Tennessee Valley Asset Management Partners acquired a new position in FS Credit Opportunities during the second quarter worth approximately $216,000. Denver Wealth Management Inc. lifted its stake in FS Credit Opportunities by 12.6% in the second quarter. Denver Wealth Management Inc. now owns 32,762 shares of the company’s stock valued at $209,000 after buying an additional 3,670 shares during the last quarter. Finally, SeaCrest Wealth Management LLC grew its position in shares of FS Credit Opportunities by 16.3% during the second quarter. SeaCrest Wealth Management LLC now owns 48,943 shares of the company’s stock worth $312,000 after acquiring an additional 6,867 shares during the last quarter. 36.37% of the stock is 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.