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

Blackstone / GSO Long-Short Credit Income Fund (NYSE:BGX) was the target of a large decrease in short interest during the month of December. As of December 15th, there was short interest totaling 25,892 shares, a decrease of 44.8% from the November 30th total of 46,881 shares. Based on an average daily volume of 78,437 shares, the short-interest ratio is currently 0.3 days. Based on an average daily volume of 78,437 shares, the short-interest ratio is currently 0.3 days.

Blackstone / GSO Long-Short Credit Income Fund Trading Up 0.7%

Shares of Blackstone / GSO Long-Short Credit Income Fund stock traded up $0.09 during trading on Friday, reaching $11.77. 33,270 shares of the stock traded hands, compared to its average volume of 72,533. Blackstone / GSO Long-Short Credit Income Fund has a 52-week low of $10.71 and a 52-week high of $13.02. The business has a fifty day simple moving average of $11.78 and a two-hundred day simple moving average of $12.13.

Blackstone / GSO Long-Short Credit Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 20th will be paid a $0.092 dividend. The ex-dividend date of this dividend is Friday, February 20th. This represents a c) dividend on an annualized basis and a yield of 9.4%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Envestnet Asset Management Inc. increased its position in Blackstone / GSO Long-Short Credit Income Fund by 434.0% in the third quarter. Envestnet Asset Management Inc. now owns 208,086 shares of the company’s stock worth $2,497,000 after purchasing an additional 169,118 shares during the last quarter. Guggenheim Capital LLC grew its stake in shares of Blackstone / GSO Long-Short Credit Income Fund by 22.2% in the 2nd quarter. Guggenheim Capital LLC now owns 901,070 shares of the company’s stock worth $11,182,000 after buying an additional 163,743 shares in the last quarter. Adapt Wealth Advisors LLC bought a new stake in shares of Blackstone / GSO Long-Short Credit Income Fund in the 3rd quarter worth about $1,268,000. Wolverine Asset Management LLC raised its position in shares of Blackstone / GSO Long-Short Credit Income Fund by 676.4% during the 2nd quarter. Wolverine Asset Management LLC now owns 62,771 shares of the company’s stock valued at $779,000 after buying an additional 54,686 shares in the last quarter. Finally, SeaCrest Wealth Management LLC purchased a new stake in shares of Blackstone / GSO Long-Short Credit Income Fund during the 2nd quarter valued at about $452,000.

About Blackstone / GSO Long-Short Credit Income Fund

Blackstone/GSO Long-Short Credit Income Fund (NYSE: BGX) is a closed-end management investment company that seeks to generate high current income and total return through a flexible, actively managed credit strategy. Listed on the New York Stock Exchange, the fund is externally managed by Blackstone Credit (formerly GSO Capital Partners), the credit investment platform of Blackstone Inc By combining long and short positions in corporate credit instruments, BGX aims to capitalize on inefficiencies across credit markets while managing downside risk.

The fund’s core investment activities encompass a diverse range of credit instruments, including senior secured loans, high-yield bonds, convertible securities and structured products.