Blackstone / GSO Long-Short Credit Income Fund (NYSE:BGX) Short Interest Down 98.7% in February

Blackstone / GSO Long-Short Credit Income Fund (NYSE:BGX) saw a large drop in short interest in the month of February. As of February 13th, there was short interest totaling 233 shares, a drop of 98.7% from the January 29th total of 17,757 shares. Based on an average daily trading volume, of 100,308 shares, the short-interest ratio is currently 0.0 days. Based on an average daily trading volume, of 100,308 shares, the short-interest ratio is currently 0.0 days.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of BGX. Thomas J. Herzfeld Advisors Inc. acquired a new stake in Blackstone / GSO Long-Short Credit Income Fund in the 2nd quarter valued at $34,000. Noble Wealth Management PBC bought a new position in shares of Blackstone / GSO Long-Short Credit Income Fund in the fourth quarter valued at about $72,000. Comerica Bank lifted its stake in shares of Blackstone / GSO Long-Short Credit Income Fund by 17.5% during the 3rd quarter. Comerica Bank now owns 6,930 shares of the company’s stock worth $83,000 after buying an additional 1,031 shares during the last quarter. First Trust Advisors LP bought a new stake in shares of Blackstone / GSO Long-Short Credit Income Fund during the 3rd quarter worth about $124,000. Finally, XTX Topco Ltd bought a new stake in shares of Blackstone / GSO Long-Short Credit Income Fund during the 4th quarter worth about $137,000.

Blackstone / GSO Long-Short Credit Income Fund Stock Down 0.4%

Shares of Blackstone / GSO Long-Short Credit Income Fund stock traded down $0.04 during trading on Thursday, reaching $10.93. 79,214 shares of the company were exchanged, compared to its average volume of 95,137. Blackstone / GSO Long-Short Credit Income Fund has a twelve month low of $10.71 and a twelve month high of $12.70. The business has a 50-day moving average price of $11.52 and a 200-day moving average price of $11.85.

Blackstone / GSO Long-Short Credit Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 20th will be paid a $0.092 dividend. The ex-dividend date of this dividend is Friday, February 20th. This represents a c) annualized dividend and a dividend yield of 10.1%.

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.