Blackstone / GSO Long-Short Credit Income Fund (NYSE:BGX) Stock Short Interest Climbs 72.9%

Blackstone / GSO Long-Short Credit Income Fund (NYSE:BGX) saw a significant increase in short interest in 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.

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

Several large investors have recently added to or reduced their stakes in the company. Bank of America Corp DE boosted its position in shares of Blackstone / GSO Long-Short Credit Income Fund by 49.4% in the first quarter. Bank of America Corp DE now owns 215,252 shares of the company’s stock worth $2,346,000 after buying an additional 71,148 shares during the period. Kestra Advisory Services LLC raised its position in Blackstone / GSO Long-Short Credit Income Fund by 4.5% during the first quarter. Kestra Advisory Services LLC now owns 32,738 shares of the company’s stock valued at $357,000 after buying an additional 1,400 shares during the period. Saba Capital Management L.P. acquired a new position in Blackstone / GSO Long-Short Credit Income Fund during the first quarter valued at $1,568,000. Absolute Investment Advisers LLC purchased a new stake in Blackstone / GSO Long-Short Credit Income Fund in the 1st quarter worth about $420,000. Finally, World Investment Advisors purchased a new stake in Blackstone / GSO Long-Short Credit Income Fund in the 4th quarter worth about $314,000.

Blackstone / GSO Long-Short Credit Income Fund Stock Performance

Shares of Blackstone / GSO Long-Short Credit Income Fund stock traded down $0.04 during trading on Thursday, hitting $10.53. The stock had a trading volume of 47,594 shares, compared to its average volume of 74,974. Blackstone / GSO Long-Short Credit Income Fund has a 1 year low of $10.38 and a 1 year high of $12.04. The stock has a 50 day simple moving average of $10.72 and a 200 day simple moving average of $10.80.

Blackstone / GSO Long-Short Credit Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, November 30th. Investors of record on Friday, November 20th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Friday, November 20th. This represents a $0.96 dividend on an annualized basis and a yield of 9.1%.

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.