FS Credit Opportunities (NYSE:FSCO) Stock Crosses Above 50 Day Moving Average – Should You Sell?

FS Credit Opportunities Corp. (NYSE:FSCO)’s stock price crossed above its 50 day moving average during trading on Friday. The stock has a 50 day moving average of $5.13 and traded as high as $5.16. FS Credit Opportunities shares last traded at $5.1450, with a volume of 1,316,779 shares trading hands.

FS Credit Opportunities Trading Up 2.3%

The company has a fifty day moving average of $5.13 and a two-hundred day moving average of $5.15.

FS Credit Opportunities Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, December 31st. Investors of record on Wednesday, December 23rd will be paid a $0.0594 dividend. The ex-dividend date is Wednesday, December 23rd. This represents a $0.71 dividend on an annualized basis and a yield of 13.9%.

Hedge Funds Weigh In On FS Credit Opportunities

A number of hedge funds have recently made changes to their positions in FSCO. Cassaday & Co Wealth Management LLC bought a new position in FS Credit Opportunities in the first quarter worth about $28,000. Continuum Advisory LLC bought a new position in FS Credit Opportunities in the 2nd quarter valued at $33,000. Parallel Advisors LLC increased its stake in FS Credit Opportunities by 119.3% during the 3rd quarter. Parallel Advisors LLC now owns 6,782 shares of the company’s stock worth $35,000 after purchasing an additional 3,689 shares in the last quarter. Kintra Wealth LLC acquired a new stake in shares of FS Credit Opportunities in the 2nd quarter valued at approximately $52,000. Finally, Madrona Financial Services LLC acquired a new position in shares of FS Credit Opportunities in the third quarter valued at about $53,000. Hedge funds and other institutional investors own 36.37% of the company’s stock.

FS Credit Opportunities Company Profile

FS Credit Opportunities Corp. (NYSE: FSCO) is a publicly traded, non-diversified closed-end investment company. Its investment objective is to provide investors with current income and the potential for capital appreciation by investing across a broad range of credit-related assets.

The fund invests primarily in below-investment-grade and floating-rate instruments, including senior secured loans, high-yield bonds, private credit investments and structured credit securities. Its portfolio may include debt issued by companies in a variety of industries and may span both public and private markets.

FS Credit Opportunities Corp.