Blackstone / GSO Long-Short Credit Income Fund (NYSE:BGX) Stock Price Up 0.3% – Time to Buy?

Shares of Blackstone / GSO Long-Short Credit Income Fund (NYSE:BGX) traded up 0.3% during trading on Wednesday . The company traded as high as $10.92 and last traded at $10.90. 46,455 shares were traded during mid-day trading, a decline of 39% from the average daily volume of 76,124 shares. The stock had previously closed at $10.87.

Blackstone / GSO Long-Short Credit Income Fund Price Performance

The firm has a 50-day moving average of $10.81 and a 200 day moving average of $10.90.

Blackstone / GSO Long-Short Credit Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 24th will be issued a dividend of $0.082 per share. This represents a c) dividend on an annualized basis and a dividend yield of 9.0%. The ex-dividend date of this dividend is Monday, August 24th.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Royal Bank of Canada lifted its stake in Blackstone / GSO Long-Short Credit Income Fund by 4.6% during the first quarter. Royal Bank of Canada now owns 92,158 shares of the company’s stock worth $1,139,000 after purchasing an additional 4,090 shares during the period. Cetera Investment Advisers raised its holdings in shares of Blackstone / GSO Long-Short Credit Income Fund by 8.3% in the 2nd quarter. Cetera Investment Advisers now owns 33,568 shares of the company’s stock worth $417,000 after buying an additional 2,566 shares in the last quarter. Invesco Ltd. raised its holdings in shares of Blackstone / GSO Long-Short Credit Income Fund by 8.2% in the 2nd quarter. Invesco Ltd. now owns 294,313 shares of the company’s stock worth $3,652,000 after buying an additional 22,240 shares in the last quarter. Raymond James Financial Inc. lifted its position in shares of Blackstone / GSO Long-Short Credit Income Fund by 15.1% during the 2nd quarter. Raymond James Financial Inc. now owns 12,848 shares of the company’s stock worth $159,000 after buying an additional 1,684 shares during the period. Finally, Osaic Holdings Inc. lifted its position in shares of Blackstone / GSO Long-Short Credit Income Fund by 9.3% during the 2nd quarter. Osaic Holdings Inc. now owns 15,885 shares of the company’s stock worth $197,000 after buying an additional 1,351 shares during the period.

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.