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

Blackstone / GSO Long-Short Credit Income Fund (NYSE:BGX) saw a significant decrease in short interest in February. As of February 28th, there was short interest totalling 27,300 shares, a decrease of 36.5% from the February 13th total of 43,000 shares. Based on an average trading volume of 76,800 shares, the short-interest ratio is currently 0.4 days.

Blackstone / GSO Long-Short Credit Income Fund Stock Performance

NYSE BGX traded up $0.04 during trading hours on Friday, hitting $12.48. The company had a trading volume of 67,308 shares, compared to its average volume of 63,080. Blackstone / GSO Long-Short Credit Income Fund has a 1-year low of $12.09 and a 1-year high of $13.24. The business has a 50 day moving average of $12.71 and a 200-day moving average of $12.79.

Blackstone / GSO Long-Short Credit Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 21st were paid a dividend of $0.194 per share. The ex-dividend date was Friday, February 21st. This represents a $2.33 annualized dividend and a dividend yield of 18.66%.

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

Hedge funds have recently made changes to their positions in the business. Shaker Financial Services LLC boosted its stake in shares of Blackstone / GSO Long-Short Credit Income Fund by 357.3% during the fourth quarter. Shaker Financial Services LLC now owns 68,984 shares of the company’s stock worth $861,000 after buying an additional 53,900 shares during the period. Guggenheim Capital LLC boosted its stake in shares of Blackstone / GSO Long-Short Credit Income Fund by 20.0% during the fourth quarter. Guggenheim Capital LLC now owns 606,370 shares of the company’s stock worth $7,543,000 after buying an additional 101,254 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Blackstone / GSO Long-Short Credit Income Fund during the fourth quarter worth about $153,000. Sit Investment Associates Inc. lifted its position in Blackstone / GSO Long-Short Credit Income Fund by 3.6% in the fourth quarter. Sit Investment Associates Inc. now owns 552,564 shares of the company’s stock valued at $6,874,000 after purchasing an additional 19,116 shares during the period. Finally, US Bancorp DE acquired a new stake in Blackstone / GSO Long-Short Credit Income Fund in the fourth quarter valued at about $45,000.

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.