FS Specialty Lending Fund (NYSE:FSSL) Short Interest Up 102.8% in June

FS Specialty Lending Fund (NYSE:FSSL) was the recipient of a significant increase in short interest in June. As of June 30th, there was short interest totaling 71,687 shares, an increase of 102.8% from the June 15th total of 35,356 shares. Based on an average trading volume of 281,751 shares, the short-interest ratio is currently 0.3 days.

Institutional Trading of FS Specialty Lending Fund

Several hedge funds have recently bought and sold shares of the stock. Rivernorth Capital Management LLC boosted its holdings in shares of FS Specialty Lending Fund by 73.7% in the first quarter. Rivernorth Capital Management LLC now owns 2,315,114 shares of the company’s stock valued at $28,962,000 after buying an additional 981,989 shares during the period. Independent Financial Group LLC acquired a new position in FS Specialty Lending Fund in the 1st quarter worth $3,175,000. Noble Wealth Management PBC acquired a new position in FS Specialty Lending Fund in the 2nd quarter worth $1,851,000. Riverbridge Partners LLC increased its holdings in 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 in the last quarter. Finally, TrueMark Investments LLC increased its holdings in 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 in the last quarter.

FS Specialty Lending Fund Trading Down 0.9%

NYSE:FSSL traded down $0.10 on Thursday, reaching $10.97. The company’s stock had a trading volume of 559,392 shares, compared to its average volume of 443,595. FS Specialty Lending Fund has a 1-year low of $10.75 and a 1-year high of $15.00. The stock’s 50-day moving average price is $11.41.

FS Specialty Lending Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 24th will be given a $0.1375 dividend. The ex-dividend date is Friday, July 24th. This represents a c) annualized dividend and a dividend yield of 15.0%.

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.