Blackstone / GSO Long-Short Credit Income Fund (NYSE:BGX) Short Interest Update

Blackstone / GSO Long-Short Credit Income Fund (NYSE:BGX) was the recipient of a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 4,135 shares, an increase of 72.9% from the August 31st total of 2,392 shares. Based on an average daily trading volume, of 73,711 shares, the days-to-cover ratio is currently 0.1 days.

Blackstone / GSO Long-Short Credit Income Fund Price Performance

Shares of BGX opened at $10.53 on Friday. Blackstone / GSO Long-Short Credit Income Fund has a twelve month low of $10.38 and a twelve month high of $12.04. The firm has a 50 day moving average of $10.71 and a 200 day moving average of $10.80.

Blackstone / GSO Long-Short Credit Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, November 30th. Shareholders of record on Friday, November 20th will be paid a dividend of $0.08 per share. This represents a $0.96 annualized dividend and a yield of 9.1%. The ex-dividend date is Friday, November 20th.

Institutional Trading of Blackstone / GSO Long-Short Credit Income Fund

A number of institutional investors and hedge funds have recently modified their holdings of the business. World Investment Advisors bought a new position in shares of Blackstone / GSO Long-Short Credit Income Fund during the fourth quarter valued at $314,000. Kestra Advisory Services LLC raised its position in Blackstone / GSO Long-Short Credit Income Fund by 4.5% in the 1st quarter. Kestra Advisory Services LLC now owns 32,738 shares of the company’s stock worth $357,000 after buying an additional 1,400 shares during the last quarter. Absolute Investment Advisers LLC purchased a new position in Blackstone / GSO Long-Short Credit Income Fund in the 1st quarter worth about $420,000. Closed End Fund Advisors Inc. bought a new position in Blackstone / GSO Long-Short Credit Income Fund during the 4th quarter valued at about $878,000. Finally, Saba Capital Management L.P. purchased a new stake in shares of Blackstone / GSO Long-Short Credit Income Fund during the 1st quarter valued at about $1,568,000.

Blackstone / GSO Long-Short Credit Income Fund Company Profile

Blackstone / GSO Long-Short Credit Income Fund (NYSE: BGX) is a closed-end investment fund that seeks to provide current income and total return through investments in credit-related assets. The fund is managed in connection with Blackstone’s credit investment platform, formerly known as GSO, and is designed to pursue opportunities across different areas of the corporate and structured-credit markets.

BGX invests primarily in loans, bonds and other fixed-income instruments, including both investment-grade and below-investment-grade securities.