FS Specialty Lending Fund (NYSE:FSSL) Sees Significant Drop in Short Interest

FS Specialty Lending Fund (NYSE:FSSL) saw a significant decrease in short interest in July. As of July 31st, there was short interest totaling 8,693 shares, a decrease of 97.6% from the July 15th total of 366,807 shares. Based on an average daily trading volume, of 435,686 shares, the days-to-cover ratio is currently 0.0 days.

FS Specialty Lending Fund Price Performance

Shares of FS Specialty Lending Fund stock traded down $0.06 during trading on Thursday, hitting $11.46. The stock had a trading volume of 210,238 shares, compared to its average volume of 430,119. The stock’s 50 day simple moving average is $11.20. FS Specialty Lending Fund has a 1 year low of $10.75 and a 1 year high of $15.00.

FS Specialty Lending Fund Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 24th will be given a $0.1495 dividend. This represents a c) dividend on an annualized basis and a yield of 15.7%. The ex-dividend date is Monday, August 24th. This is a positive change from FS Specialty Lending Fund’s previous monthly dividend of $0.14.

Hedge Funds Weigh In On FS Specialty Lending Fund

Hedge funds have recently modified their holdings of the stock. GHP Investment Advisors Inc. purchased a new stake in shares of FS Specialty Lending Fund during the 1st quarter worth about $25,000. Main Street Group LTD acquired a new stake in FS Specialty Lending Fund in the first quarter valued at approximately $30,000. Raleigh Capital Management Inc. raised its holdings in shares of FS Specialty Lending Fund by 125.8% during the 1st quarter. Raleigh Capital Management Inc. now owns 3,460 shares of the company’s stock valued at $43,000 after purchasing an additional 1,928 shares in the last quarter. CoreCap Advisors LLC acquired a new stake in shares of FS Specialty Lending Fund in the 2nd quarter valued at $61,000. Finally, Cassaday & Co Wealth Management LLC acquired a new position in FS Specialty Lending Fund during the first quarter worth $112,000.

FS Specialty Lending Fund, Inc (NYSE: FSSL) is a publicly listed, closed-end management investment company that provides investors with exposure to specialty finance and private credit markets. The fund seeks to generate current income and long‑term capital appreciation primarily through investments in credit instruments, with a focus on lending strategies that complement traditional fixed‑income allocations. It is sponsored and managed by an adviser affiliated with FS Investments.

The fund’s investment activities typically include originating, acquiring, and managing a diversified portfolio of debt instruments such as senior secured loans, subordinated debt, mezzanine financing, and other specialty finance products.