Blackstone / GSO Long-Short Credit Income Fund (BGX) To Go Ex-Dividend on October 23rd

Blackstone / GSO Long-Short Credit Income Fund (NYSE:BGX) announced a monthly dividend on Friday, September 11th. Stockholders of record on Friday, October 23rd will be paid a dividend of $0.08 per share on Friday, October 30th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 9.2%. The ex-dividend date is Friday, October 23rd.

Blackstone / GSO Long-Short Credit Income Fund Stock Performance

Shares of NYSE BGX traded up $0.06 during midday trading on Wednesday, reaching $10.44. 51,355 shares of the stock were exchanged, compared to its average volume of 76,010. The stock has a 50 day moving average price of $10.65 and a 200-day moving average price of $10.78. Blackstone / GSO Long-Short Credit Income Fund has a 52-week low of $10.36 and a 52-week high of $11.98.

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

A number of hedge funds have recently bought and sold shares of the company. Bank of America Corp DE raised its holdings in Blackstone / GSO Long-Short Credit Income Fund by 49.4% in the 1st quarter. Bank of America Corp DE now owns 215,252 shares of the company’s stock valued at $2,346,000 after acquiring an additional 71,148 shares during the last quarter. Saba Capital Management L.P. purchased a new position in shares of Blackstone / GSO Long-Short Credit Income Fund during the 1st quarter worth $1,568,000. Absolute Investment Advisers LLC acquired a new stake in shares of Blackstone / GSO Long-Short Credit Income Fund during the first quarter worth $420,000. Kestra Advisory Services LLC boosted its holdings in shares of 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 worth $357,000 after purchasing an additional 1,400 shares during the last quarter. Finally, World Investment Advisors acquired a new stake in shares of Blackstone / GSO Long-Short Credit Income Fund during the fourth quarter worth $314,000.

About Blackstone / GSO Long-Short Credit Income Fund

Blackstone / GSO Long-Short Credit Income Fund (NYSE: BGX) is a closed-end investment fund that seeks to generate current income and total returns by investing in a diversified portfolio of credit-related assets. Unlike an operating company, the fund does not sell products or services to consumers; it provides investors with access to professionally managed credit investments.

The fund uses a flexible long-short investment strategy and may invest in leveraged loans, high-yield corporate bonds, structured credit instruments and other debt securities.