FS Specialty Lending Fund (NYSE:FSSL) Short Interest Up 159.4% in June

FS Specialty Lending Fund (NYSE:FSSL) saw a significant growth in short interest during the month of June. As of June 15th, there was short interest totaling 35,356 shares, a growth of 159.4% from the May 31st total of 13,629 shares. Based on an average daily volume of 272,400 shares, the short-interest ratio is currently 0.1 days.

Hedge Funds Weigh In On FS Specialty Lending Fund

Several large investors have recently bought and sold shares of FSSL. GHP Investment Advisors Inc. purchased a new position in shares of FS Specialty Lending Fund during the first quarter worth about $25,000. Main Street Group LTD purchased a new stake in shares of FS Specialty Lending Fund in the 1st quarter valued at about $30,000. Raleigh Capital Management Inc. boosted its position in shares of FS Specialty Lending Fund by 125.8% in 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 during the period. Cassaday & Co Wealth Management LLC acquired a new stake in shares of FS Specialty Lending Fund in the 1st quarter valued at about $112,000. Finally, Apella Capital LLC purchased a new position in FS Specialty Lending Fund during the 1st quarter worth approximately $128,000.

FS Specialty Lending Fund Stock Performance

FSSL stock opened at $10.90 on Monday. FS Specialty Lending Fund has a twelve month low of $10.81 and a twelve month high of $15.00. The business’s 50 day moving average is $11.70.

FS Specialty Lending Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd will be paid a dividend of $0.1375 per share. This represents a c) annualized dividend and a yield of 15.1%. The ex-dividend date is Tuesday, June 23rd.

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.