FS Credit Opportunities Corp. (NYSE:FSCO) Short Interest Down 55.7% in September

FS Credit Opportunities Corp. (NYSE:FSCO) was the target of a large drop in short interest during the month of September. As of September 15th, there was short interest totalling 14,000 shares, a drop of 55.7% from the August 31st total of 31,600 shares. Based on an average daily volume of 2,700 shares, the days-to-cover ratio is currently 5.2 days.

Insider Buying and Selling at FS Credit Opportunities

In other news, CEO Michael C. Forman sold 102,860 shares of the stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $6.11, for a total value of $628,474.60. Following the transaction, the chief executive officer now directly owns 13,437 shares of the company’s stock, valued at $82,100.07. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Michael C. Forman sold 218,961 shares of the business’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $6.15, for a total value of $1,346,610.15. Following the completion of the sale, the chief executive officer now directly owns 116,297 shares in the company, valued at approximately $715,226.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Michael C. Forman sold 102,860 shares of the company’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $6.11, for a total value of $628,474.60. Following the completion of the transaction, the chief executive officer now directly owns 13,437 shares in the company, valued at $82,100.07. The disclosure for this sale can be found here. Insiders own 0.26% of the company’s stock.

Institutional Investors Weigh In On FS Credit Opportunities

Institutional investors have recently made changes to their positions in the stock. Mather Group LLC. acquired a new position in FS Credit Opportunities in the 1st quarter valued at $31,000. ICA Group Wealth Management LLC acquired a new position in FS Credit Opportunities in the fourth quarter valued at about $35,000. Gerber LLC bought a new stake in FS Credit Opportunities during the fourth quarter worth about $57,000. Coppell Advisory Solutions Corp. acquired a new stake in FS Credit Opportunities during the first quarter worth about $65,000. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new position in FS Credit Opportunities in the 2nd quarter valued at about $73,000. 36.37% of the stock is currently owned by institutional investors.

FS Credit Opportunities Stock Performance

FSCO stock opened at $6.40 on Friday. FS Credit Opportunities has a 52 week low of $5.21 and a 52 week high of $6.64. The company’s 50-day simple moving average is $6.26 and its 200 day simple moving average is $6.18.

FS Credit Opportunities Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 23rd will be issued a dividend of $0.06 per share. The ex-dividend date of this dividend is Monday, September 23rd. This represents a $0.72 annualized dividend and a dividend yield of 11.25%.

FS Credit Opportunities Company Profile

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.