Blackstone / GSO Long-Short Credit Income Fund (NYSE:BGX) Trading Down 0.2%

Blackstone / GSO Long-Short Credit Income Fund (NYSE:BGX) shares fell 0.2% during trading on Tuesday . The company traded as low as $12.80 and last traded at $12.85. 32,292 shares traded hands during trading, a decline of 43% from the average session volume of 56,925 shares. The stock had previously closed at $12.87.

Blackstone / GSO Long-Short Credit Income Fund Stock Down 0.1 %

The company has a 50-day moving average price of $12.62 and a two-hundred day moving average price of $12.42.

Blackstone / GSO Long-Short Credit Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, August 30th. Shareholders of record on Friday, August 23rd will be given a $0.105 dividend. This represents a $1.26 annualized dividend and a yield of 9.78%. The ex-dividend date of this dividend is Friday, August 23rd.

Institutional Investors Weigh In On Blackstone / GSO Long-Short Credit Income Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BGX. Ausdal Financial Partners Inc. grew its stake in Blackstone / GSO Long-Short Credit Income Fund by 25.9% during the 2nd quarter. Ausdal Financial Partners Inc. now owns 14,186 shares of the company’s stock valued at $176,000 after purchasing an additional 2,916 shares in the last quarter. GraniteShares Advisors LLC boosted its stake in shares of Blackstone / GSO Long-Short Credit Income Fund by 14.3% during the 2nd quarter. GraniteShares Advisors LLC now owns 168,356 shares of the company’s stock valued at $2,093,000 after buying an additional 21,000 shares during the last quarter. Catalina Capital Group LLC acquired a new stake in shares of Blackstone / GSO Long-Short Credit Income Fund during the second quarter worth approximately $149,000. Hennion & Walsh Asset Management Inc. bought a new stake in shares of Blackstone / GSO Long-Short Credit Income Fund in the second quarter worth $155,000. Finally, Comerica Bank raised its holdings in Blackstone / GSO Long-Short Credit Income Fund by 11.3% in the first quarter. Comerica Bank now owns 9,800 shares of the company’s stock valued at $121,000 after acquiring an additional 995 shares in 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.