Blackstone / GSO Long-Short Credit Income Fund (NYSE:BGX) Short Interest Update

Blackstone / GSO Long-Short Credit Income Fund (NYSE:BGX) saw a large drop in short interest during the month of February. As of February 28th, there was short interest totalling 27,300 shares, a drop of 36.5% from the February 13th total of 43,000 shares. Based on an average daily trading volume, of 76,800 shares, the short-interest ratio is presently 0.4 days.

Blackstone / GSO Long-Short Credit Income Fund Trading Down 0.4 %

NYSE:BGX traded down $0.06 during trading hours on Monday, reaching $12.45. 90,880 shares of the stock were exchanged, compared to its average volume of 63,192. The firm has a 50 day simple moving average of $12.71 and a 200-day simple moving average of $12.79. Blackstone / GSO Long-Short Credit Income Fund has a 52 week low of $12.09 and a 52 week high of $13.24.

Blackstone / GSO Long-Short Credit Income Fund Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, May 30th. Investors of record on Thursday, May 22nd will be issued a $0.086 dividend. This represents a $1.03 annualized dividend and a dividend yield of 8.29%. The ex-dividend date of this dividend is Thursday, May 22nd.

Institutional Trading of Blackstone / GSO Long-Short Credit Income Fund

Several hedge funds have recently added to or reduced their stakes in BGX. US Bancorp DE acquired a new position in shares of Blackstone / GSO Long-Short Credit Income Fund during the 4th quarter valued at $45,000. Raymond James Financial Inc. acquired a new position in shares of Blackstone / GSO Long-Short Credit Income Fund in the 4th quarter worth $153,000. Janney Montgomery Scott LLC acquired a new position in shares of Blackstone / GSO Long-Short Credit Income Fund in the 4th quarter worth $288,000. Morse Asset Management Inc acquired a new position in shares of Blackstone / GSO Long-Short Credit Income Fund in the 3rd quarter worth $404,000. Finally, Cetera Investment Advisers grew its holdings in shares of Blackstone / GSO Long-Short Credit Income Fund by 7.6% in the 4th quarter. Cetera Investment Advisers now owns 39,444 shares of the company’s stock worth $491,000 after acquiring an additional 2,800 shares during the last quarter.

Blackstone / GSO Long-Short Credit Income Fund Company Profile

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.