FS Specialty Lending Fund (NYSE:FSSL) Sees Large Decline in Short Interest

FS Specialty Lending Fund (NYSE:FSSL) was the target of a significant decrease in short interest during the month of August. As of August 31st, there was short interest totaling 4,565 shares, a decrease of 40.4% from the August 15th total of 7,655 shares. Based on an average daily trading volume, of 217,091 shares, the short-interest ratio is presently 0.0 days.

FS Specialty Lending Fund Trading Down 1.3%

NYSE FSSL traded down $0.15 during trading hours on Friday, hitting $11.79. 76,306 shares of the company’s stock traded hands, compared to its average volume of 400,826. The company’s 50-day moving average is $11.42. FS Specialty Lending Fund has a 52-week low of $10.75 and a 52-week high of $15.00.

FS Specialty Lending Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 23rd will be given a dividend of $0.1495 per share. This represents a c) annualized dividend and a dividend yield of 15.2%. The ex-dividend date of this dividend is Wednesday, September 23rd.

Institutional Trading of FS Specialty Lending Fund

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Rivernorth Capital Management LLC boosted its stake in FS Specialty Lending Fund by 73.7% during the first quarter. Rivernorth Capital Management LLC now owns 2,315,114 shares of the company’s stock worth $28,962,000 after buying an additional 981,989 shares during the period. Independent Financial Group LLC acquired a new position in shares of FS Specialty Lending Fund in the 1st quarter worth approximately $3,175,000. Noble Wealth Management PBC acquired a new position in shares of FS Specialty Lending Fund in the 2nd quarter worth approximately $1,851,000. Riverbridge Partners LLC boosted its position in shares of FS Specialty Lending Fund by 8.1% during the 1st quarter. Riverbridge Partners LLC now owns 158,283 shares of the company’s stock worth $1,980,000 after purchasing an additional 11,860 shares during the period. Finally, TrueMark Investments LLC boosted its position in shares of FS Specialty Lending Fund by 127.4% during the 1st quarter. TrueMark Investments LLC now owns 67,304 shares of the company’s stock worth $842,000 after purchasing an additional 37,706 shares during the period.

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.