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 decrease in short interest in the month of October. As of October 15th, there was short interest totalling 7,500 shares, a decrease of 88.6% from the September 30th total of 65,700 shares. Based on an average daily trading volume, of 69,500 shares, the short-interest ratio is currently 0.1 days.

Blackstone / GSO Long-Short Credit Income Fund Trading Down 0.4 %

Shares of BGX stock traded down $0.05 on Friday, reaching $12.61. The company’s stock had a trading volume of 47,338 shares, compared to its average volume of 60,266. Blackstone / GSO Long-Short Credit Income Fund has a 12-month low of $10.91 and a 12-month high of $13.24. The stock’s 50 day simple moving average is $12.86 and its 200-day simple moving average is $12.64.

Blackstone / GSO Long-Short Credit Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 29th. Stockholders of record on Thursday, November 21st will be given a dividend of $0.101 per share. This represents a $1.21 annualized dividend and a dividend yield of 9.61%. The ex-dividend date is Thursday, November 21st.

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

Large investors have recently added to or reduced their stakes in the company. Advisors Asset Management Inc. grew its holdings in shares of Blackstone / GSO Long-Short Credit Income Fund by 149.6% during the 1st quarter. Advisors Asset Management Inc. now owns 253,571 shares of the company’s stock valued at $3,121,000 after purchasing an additional 151,969 shares during the last quarter. GraniteShares Advisors LLC grew its stake in shares of Blackstone / GSO Long-Short Credit Income Fund by 14.3% during the second quarter. GraniteShares Advisors LLC now owns 168,356 shares of the company’s stock valued at $2,093,000 after buying an additional 21,000 shares during the last quarter. J.W. Cole Advisors Inc. purchased a new position in shares of Blackstone / GSO Long-Short Credit Income Fund in the third quarter worth about $593,000. International Assets Investment Management LLC bought a new stake in shares of Blackstone / GSO Long-Short Credit Income Fund in the 3rd quarter valued at about $4,190,000. Finally, Tidal Investments LLC purchased a new stake in Blackstone / GSO Long-Short Credit Income Fund during the 1st quarter valued at about $314,000.

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.