Short Interest in Blackstone / GSO Long-Short Credit Income Fund (NYSE:BGX) Expands By 145.1%

Blackstone / GSO Long-Short Credit Income Fund (NYSE:BGX) was the recipient of a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 20,730 shares, a growth of 145.1% from the June 15th total of 8,458 shares. Based on an average daily volume of 40,462 shares, the days-to-cover ratio is presently 0.5 days.

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

Hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE raised its stake in shares of Blackstone / GSO Long-Short Credit Income Fund by 49.4% during the 1st quarter. Bank of America Corp DE now owns 215,252 shares of the company’s stock valued at $2,346,000 after buying an additional 71,148 shares during the last quarter. Saba Capital Management L.P. purchased a new stake in shares of Blackstone / GSO Long-Short Credit Income Fund in the first quarter valued at approximately $1,568,000. Kestra Advisory Services LLC raised its holdings in shares of Blackstone / GSO Long-Short Credit Income Fund by 4.5% during the 1st quarter. Kestra Advisory Services LLC now owns 32,738 shares of the company’s stock worth $357,000 after acquiring an additional 1,400 shares during the period. Absolute Investment Advisers LLC acquired a new stake in Blackstone / GSO Long-Short Credit Income Fund in the 1st quarter valued at approximately $420,000. Finally, World Investment Advisors acquired a new stake in shares of Blackstone / GSO Long-Short Credit Income Fund in the fourth quarter valued at $314,000.

Blackstone / GSO Long-Short Credit Income Fund Stock Performance

NYSE BGX traded down $0.03 on Tuesday, hitting $10.80. 7,412 shares of the company’s stock traded hands, compared to its average volume of 79,503. Blackstone / GSO Long-Short Credit Income Fund has a 1-year low of $10.38 and a 1-year high of $12.65. The firm’s 50-day moving average price is $10.86 and its two-hundred day moving average price is $11.05.

Blackstone / GSO Long-Short Credit Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 24th will be issued a dividend of $0.082 per share. This represents a c) annualized dividend and a dividend yield of 9.1%. The ex-dividend date of this dividend is Monday, August 24th.

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.