Short Interest in Blackstone / GSO Long-Short Credit Income Fund (NYSE:BGX) Rises By 47.6%

Blackstone / GSO Long-Short Credit Income Fund (NYSE:BGX) saw a large growth in short interest in the month of March. As of March 13th, there was short interest totaling 11,610 shares, a growth of 47.6% from the February 26th total of 7,864 shares. Based on an average trading volume of 139,660 shares, the days-to-cover ratio is presently 0.1 days.

Blackstone / GSO Long-Short Credit Income Fund Stock Performance

Shares of Blackstone / GSO Long-Short Credit Income Fund stock opened at $10.61 on Monday. Blackstone / GSO Long-Short Credit Income Fund has a 52-week low of $10.38 and a 52-week high of $12.65. The stock’s 50-day simple moving average is $11.08 and its 200 day simple moving average is $11.57.

Blackstone / GSO Long-Short Credit Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, May 29th. Investors of record on Thursday, May 21st will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Thursday, May 21st. This represents a c) annualized dividend and a dividend yield of 7.9%.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Guggenheim Capital LLC lifted its holdings in Blackstone / GSO Long-Short Credit Income Fund by 22.2% in the second quarter. Guggenheim Capital LLC now owns 901,070 shares of the company’s stock valued at $11,182,000 after acquiring an additional 163,743 shares during the period. Sit Investment Associates Inc. grew its stake in shares of Blackstone / GSO Long-Short Credit Income Fund by 9.5% during the 4th quarter. Sit Investment Associates Inc. now owns 616,205 shares of the company’s stock valued at $7,185,000 after purchasing an additional 53,374 shares during the period. Invesco Ltd. increased its position in shares of Blackstone / GSO Long-Short Credit Income Fund by 8.2% during the 2nd quarter. Invesco Ltd. now owns 294,313 shares of the company’s stock valued at $3,652,000 after purchasing an additional 22,240 shares during the last quarter. Pathstone Holdings LLC lifted its stake in shares of Blackstone / GSO Long-Short Credit Income Fund by 7.2% in the 3rd quarter. Pathstone Holdings LLC now owns 240,673 shares of the company’s stock worth $2,888,000 after purchasing an additional 16,267 shares during the period. Finally, Thomas J. Herzfeld Advisors Inc. lifted its stake in shares of Blackstone / GSO Long-Short Credit Income Fund by 46.4% in the 4th quarter. Thomas J. Herzfeld Advisors Inc. now owns 233,050 shares of the company’s stock worth $2,717,000 after purchasing an additional 73,889 shares during the period.

Blackstone / GSO Long-Short Credit Income Fund Company Profile

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.