Blackstone / GSO Long-Short Credit Income Fund (NYSE:BGX) Sees Large Decrease in Short Interest

Blackstone / GSO Long-Short Credit Income Fund (NYSE:BGX) was the recipient of a large decrease in short interest during the month of December. As of December 31st, there was short interest totaling 1,545 shares, a decrease of 94.0% from the December 15th total of 25,892 shares. Based on an average daily volume of 77,932 shares, the short-interest ratio is currently 0.0 days. Based on an average daily volume of 77,932 shares, the short-interest ratio is currently 0.0 days.

Blackstone / GSO Long-Short Credit Income Fund Price Performance

NYSE:BGX traded down $0.01 during trading hours on Tuesday, hitting $11.69. 12,256 shares of the stock were exchanged, compared to its average volume of 71,112. The firm’s fifty day moving average price is $11.76 and its 200 day moving average price is $12.09. Blackstone / GSO Long-Short Credit Income Fund has a 52-week low of $10.71 and a 52-week high of $13.02.

Blackstone / GSO Long-Short Credit Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 20th will be issued a $0.092 dividend. The ex-dividend date is Friday, February 20th. This represents a c) dividend on an annualized basis and a yield of 9.4%.

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

A number of large investors have recently modified their holdings of the business. Envestnet Asset Management Inc. lifted its stake in shares of Blackstone / GSO Long-Short Credit Income Fund by 434.0% in the third quarter. Envestnet Asset Management Inc. now owns 208,086 shares of the company’s stock worth $2,497,000 after buying an additional 169,118 shares in the last quarter. Guggenheim Capital LLC lifted its stake in Blackstone / GSO Long-Short Credit Income Fund by 22.2% in the 2nd quarter. Guggenheim Capital LLC now owns 901,070 shares of the company’s stock worth $11,182,000 after purchasing an additional 163,743 shares in the last quarter. Adapt Wealth Advisors LLC acquired a new position in shares of Blackstone / GSO Long-Short Credit Income Fund during the 3rd quarter worth approximately $1,268,000. Wolverine Asset Management LLC boosted its holdings in shares of Blackstone / GSO Long-Short Credit Income Fund by 676.4% during the 2nd quarter. Wolverine Asset Management LLC now owns 62,771 shares of the company’s stock worth $779,000 after purchasing an additional 54,686 shares during the last quarter. Finally, SeaCrest Wealth Management LLC purchased a new stake in shares of Blackstone / GSO Long-Short Credit Income Fund in the second quarter valued at approximately $452,000.

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.