Commonwealth Equity Services LLC recently announced the acquisition of new stake in FS Credit Opportunities Corp. (NYSE:FSCO). The institutional investor has increased its shareholding in the Financial company by 91.16% to 10.39 million shares with purchase of 4.95 million shares. This fresh investment now brings its stake to 5.27% valued currently at $44.97 million. In addition, Cambridge Investment Research Adv raised its holdings by 1.11 million to 4.43 million shares.
With over 1.29 million FS Credit Opportunities Corp. (FSCO) shares trading Tuesday and a closing price of $4.37 on the day, the dollar volume was approximately $5.66 million. Currently, there are 198.36M common shares owned by the public and among those 197.84M shares have been available to trade.
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The top 3 mutual fund holders in FS Credit Opportunities Corp. are Amplify High Income ETF, Matisse Discounted Closed End Fun, and Modern Capital Tactical Opportuni. Amplify High Income ETF owns 1.78 million shares of the company’s stock, all valued at over $7.7 million. Modern Capital Tactical Opportuni bought 0.14 million shares to bring its total holdings to over 0.14 million shares at a value of $0.6 million. Modern Capital Tactical Opportuni now owns shares totaling to 0.07% of the shares outstanding.
The company’s stock has a 5-day price change of 0.46% and -3.10% over the past three months. It has a 12-month low price of $3.80 and touched a high of $5.97 over the same period. FSCO has an average intraday trading volume of 599.42K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 1.38%, 1.67%, and -5.22% respectively.
Institutional ownership of FS Credit Opportunities Corp. (NYSE: FSCO) shares accounts for 13.01% of the company’s 198.36M shares outstanding. Mutual fund holders own 1.16%, while other institutional holders and individual stakeholders account for 14.94% and — respectively.
It has a market capitalization of $866.82M. The earnings-per-share (ttm) stands at -$0.79. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.75% over the week and 2.26% over the month.
