Blackstone / GSO Long-Short Credit Income Fund (NYSE:BGX) Trading Down 0.1% – Here’s What Happened

Blackstone / GSO Long-Short Credit Income Fund (NYSE:BGX) shares were down 0.1% during mid-day trading on Monday . The company traded as low as $10.86 and last traded at $10.89. Approximately 37,605 shares were traded during trading, a decline of 58% from the average daily volume of 90,466 shares. The stock had previously closed at $10.90.

Blackstone / GSO Long-Short Credit Income Fund Trading Up 0.7%

The business has a 50-day moving average of $10.83 and a 200-day moving average of $11.30.

Blackstone / GSO Long-Short Credit Income Fund Dividend Announcement

The firm also recently disclosed 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. This represents a c) annualized dividend and a yield of 7.7%. The ex-dividend date of this dividend is Thursday, May 21st.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BGX. Noble Wealth Management PBC acquired a new stake in Blackstone / GSO Long-Short Credit Income Fund in the 4th quarter worth $72,000. Comerica Bank grew its position in Blackstone / GSO Long-Short Credit Income Fund by 17.5% in the 3rd quarter. Comerica Bank now owns 6,930 shares of the company’s stock worth $83,000 after purchasing an additional 1,031 shares during the last quarter. First Trust Advisors LP acquired a new stake in Blackstone / GSO Long-Short Credit Income Fund in the 3rd quarter worth $124,000. XTX Topco Ltd acquired a new stake in Blackstone / GSO Long-Short Credit Income Fund in the 4th quarter worth $137,000. Finally, Marex Group plc acquired a new stake in Blackstone / GSO Long-Short Credit Income Fund in the 4th quarter worth $143,000.

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.