Short Interest in Blackstone / GSO Long-Short Credit Income Fund (NYSE:BGX) Rises By 3,275.1%

Blackstone / GSO Long-Short Credit Income Fund (NYSE:BGX) was the target of a significant increase in short interest during the month of February. As of February 27th, there was short interest totaling 7,864 shares, an increase of 3,275.1% from the February 12th total of 233 shares. Based on an average daily trading volume, of 148,003 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily trading volume, of 148,003 shares, the days-to-cover ratio is currently 0.1 days.

Blackstone / GSO Long-Short Credit Income Fund Stock Up 0.2%

Shares of Blackstone / GSO Long-Short Credit Income Fund stock opened at $10.61 on Wednesday. The firm’s 50 day moving average price is $11.34 and its 200-day moving average price is $11.74. Blackstone / GSO Long-Short Credit Income Fund has a 52-week low of $10.38 and a 52-week high of $12.65.

Blackstone / GSO Long-Short Credit Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 20th were paid a $0.092 dividend. This represents a c) annualized dividend and a yield of 10.4%. The ex-dividend date was Friday, February 20th.

Hedge Funds Weigh In On Blackstone / GSO Long-Short Credit Income Fund

Large investors have recently made changes to their positions in the business. Thomas J. Herzfeld Advisors Inc. purchased a new stake in shares of Blackstone / GSO Long-Short Credit Income Fund during the 2nd quarter valued at $34,000. Noble Wealth Management PBC purchased a new position in Blackstone / GSO Long-Short Credit Income Fund during the 4th quarter worth $72,000. Comerica Bank increased its position in 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 valued at $83,000 after buying an additional 1,031 shares in the last quarter. First Trust Advisors LP acquired a new position in Blackstone / GSO Long-Short Credit Income Fund during the 3rd quarter valued at about $124,000. Finally, XTX Topco Ltd purchased a new stake in Blackstone / GSO Long-Short Credit Income Fund in the fourth quarter valued at about $137,000.

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.