Blackstone / GSO Long-Short Credit Income Fund (NYSE:BGX) Sees Large Decrease in Short Interest

Blackstone / GSO Long-Short Credit Income Fund (NYSE:BGX) was the recipient of a large drop in short interest in July. As of July 15th, there was short interest totalling 33,100 shares, a drop of 22.3% from the June 30th total of 42,600 shares. Based on an average daily trading volume, of 50,600 shares, the days-to-cover ratio is presently 0.7 days.

Blackstone / GSO Long-Short Credit Income Fund Price Performance

Shares of Blackstone / GSO Long-Short Credit Income Fund stock traded up $0.07 during mid-day trading on Tuesday, hitting $12.69. 83,607 shares of the stock were exchanged, compared to its average volume of 56,825. Blackstone / GSO Long-Short Credit Income Fund has a 12 month low of $10.90 and a 12 month high of $12.83. The company has a 50-day simple moving average of $12.57 and a 200 day simple moving average of $12.30.

Blackstone / GSO Long-Short Credit Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, August 30th. Shareholders of record on Friday, August 23rd will be given a dividend of $0.105 per share. The ex-dividend date of this dividend is Friday, August 23rd. This represents a $1.26 annualized dividend and a dividend yield of 9.93%.

Hedge Funds Weigh In On Blackstone / GSO Long-Short Credit Income Fund

Hedge funds have recently modified their holdings of the company. Hennion & Walsh Asset Management Inc. bought a new stake in shares of Blackstone / GSO Long-Short Credit Income Fund in the 2nd quarter worth approximately $155,000. Catalina Capital Group LLC bought a new stake in shares of Blackstone / GSO Long-Short Credit Income Fund in the 2nd quarter worth approximately $149,000. Comerica Bank raised its holdings in shares of Blackstone / GSO Long-Short Credit Income Fund by 11.3% in the 1st quarter. Comerica Bank now owns 9,800 shares of the company’s stock worth $121,000 after purchasing an additional 995 shares during the period. Tidal Investments LLC bought a new stake in shares of Blackstone / GSO Long-Short Credit Income Fund in the 1st quarter worth approximately $314,000. Finally, Advisors Asset Management Inc. raised its holdings in shares of Blackstone / GSO Long-Short Credit Income Fund by 149.6% in the 1st quarter. Advisors Asset Management Inc. now owns 253,571 shares of the company’s stock worth $3,121,000 after purchasing an additional 151,969 shares during the period.

About Blackstone / GSO Long-Short Credit Income Fund

Blackstone / GSO Long-Short Credit Income Fund is a close-ended fixed income mutual fund launched by The Blackstone Group LP. The fund is managed by GSO / Blackstone Debt Funds Management LLC. It takes both long and short positions to invest in the fixed income markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors.