Short Interest in FS Specialty Lending Fund (NYSE:FSSL) Decreases By 49.0%

FS Specialty Lending Fund (NYSE:FSSL) saw a large decrease in short interest in May. As of May 29th, there was short interest totaling 13,629 shares, a decrease of 49.0% from the May 14th total of 26,699 shares. Based on an average trading volume of 292,792 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Trading of FS Specialty Lending Fund

Several large investors have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC bought a new stake in shares of FS Specialty Lending Fund during the 1st quarter worth about $302,000. Rivernorth Capital Management LLC boosted its stake in FS Specialty Lending Fund by 73.7% during the 1st quarter. Rivernorth Capital Management LLC now owns 2,315,114 shares of the company’s stock valued at $28,962,000 after purchasing an additional 981,989 shares during the period. Lido Advisors LLC bought a new stake in FS Specialty Lending Fund during the 1st quarter valued at approximately $366,000. Cassaday & Co Wealth Management LLC bought a new stake in FS Specialty Lending Fund during the 1st quarter valued at approximately $112,000. Finally, Main Street Group LTD bought a new stake in FS Specialty Lending Fund during the 1st quarter valued at approximately $30,000.

FS Specialty Lending Fund Stock Performance

Shares of FSSL traded up $0.11 during trading hours on Monday, hitting $11.43. 204,123 shares of the company were exchanged, compared to its average volume of 465,736. The company’s 50 day simple moving average is $11.90. FS Specialty Lending Fund has a 52 week low of $11.00 and a 52 week high of $15.00.

FS Specialty Lending Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd will be paid a dividend of $0.1375 per share. This represents a c) annualized dividend and a dividend yield of 14.4%. 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.