Short Interest in Blackstone / GSO Long-Short Credit Income Fund (NYSE:BGX) Rises By 70.0%

Blackstone / GSO Long-Short Credit Income Fund (NYSE:BGX) saw a large increase in short interest during the month of February. As of February 15th, there was short interest totalling 43,000 shares, an increase of 70.0% from the January 31st total of 25,300 shares. Based on an average daily trading volume, of 74,600 shares, the days-to-cover ratio is currently 0.6 days.

Blackstone / GSO Long-Short Credit Income Fund Stock Down 1.0 %

Shares of BGX stock traded down $0.13 during mid-day trading on Tuesday, reaching $12.53. 49,104 shares of the company were exchanged, compared to its average volume of 62,050. The business’s 50 day simple moving average is $12.74 and its 200 day simple moving average is $12.81. Blackstone / GSO Long-Short Credit Income Fund has a fifty-two week low of $12.09 and a fifty-two week high of $13.24.

Blackstone / GSO Long-Short Credit Income Fund Dividend Announcement

The company also recently disclosed a dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 21st were paid a dividend of $0.097 per share. This represents a yield of 9.09%. The ex-dividend date of this dividend was Friday, February 21st.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Drive Wealth Management LLC acquired a new position in shares of Blackstone / GSO Long-Short Credit Income Fund in the 3rd quarter valued at about $1,352,000. Guggenheim Capital LLC lifted its holdings in shares of Blackstone / GSO Long-Short Credit Income Fund by 20.0% in the 4th quarter. Guggenheim Capital LLC now owns 606,370 shares of the company’s stock worth $7,543,000 after purchasing an additional 101,254 shares during the last quarter. Shaker Financial Services LLC boosted its position in Blackstone / GSO Long-Short Credit Income Fund by 357.3% during the 4th quarter. Shaker Financial Services LLC now owns 68,984 shares of the company’s stock valued at $861,000 after purchasing an additional 53,900 shares during the period. J.W. Cole Advisors Inc. boosted its position in Blackstone / GSO Long-Short Credit Income Fund by 75.5% during the 4th quarter. J.W. Cole Advisors Inc. now owns 81,375 shares of the company’s stock valued at $1,012,000 after purchasing an additional 35,006 shares during the period. Finally, International Assets Investment Management LLC bought a new position in Blackstone / GSO Long-Short Credit Income Fund during the 3rd quarter worth $4,190,000.

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.