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

Blackstone / GSO Long-Short Credit Income Fund (NYSE:BGX) was the target of a large growth in short interest in May. As of May 15th, there was short interest totaling 30,991 shares, a growth of 65.4% from the April 30th total of 18,735 shares. Based on an average trading volume of 72,819 shares, the days-to-cover ratio is presently 0.4 days.

Blackstone / GSO Long-Short Credit Income Fund Trading Down 0.1%

Blackstone / GSO Long-Short Credit Income Fund stock opened at $10.84 on Friday. The business’s 50-day simple moving average is $10.88 and its 200 day simple moving average is $11.23. Blackstone / GSO Long-Short Credit Income Fund has a 12-month low of $10.38 and a 12-month high of $12.65.

Blackstone / GSO Long-Short Credit Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Friday, May 29th. Investors of record on Thursday, May 21st were paid 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 was Thursday, May 21st.

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

Several hedge funds have recently added to or reduced their stakes in BGX. Envestnet Asset Management Inc. raised its stake in Blackstone / GSO Long-Short Credit Income Fund by 434.0% during the 3rd 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 during the period. Saba Capital Management L.P. bought a new stake in shares of Blackstone / GSO Long-Short Credit Income Fund in the first quarter valued at about $1,568,000. Wolverine Asset Management LLC boosted its position in shares of Blackstone / GSO Long-Short Credit Income Fund by 203.4% during the fourth quarter. Wolverine Asset Management LLC now owns 194,745 shares of the company’s stock worth $2,271,000 after buying an additional 130,561 shares during the period. Adapt Wealth Advisors LLC acquired a new position in shares of Blackstone / GSO Long-Short Credit Income Fund during the third quarter worth about $1,268,000. Finally, Closed End Fund Advisors Inc. acquired a new position in shares of Blackstone / GSO Long-Short Credit Income Fund during the fourth quarter worth about $878,000.

Blackstone / GSO Long-Short Credit Income Fund Company Profile

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.