Short Interest in Blackstone / GSO Long-Short Credit Income Fund (NYSE:BGX) Declines By 92.3%

Blackstone / GSO Long-Short Credit Income Fund (NYSE:BGX) saw a significant decline in short interest in August. As of August 31st, there was short interest totaling 2,392 shares, a decline of 92.3% from the August 15th total of 31,253 shares. Based on an average trading volume of 72,057 shares, the short-interest ratio is presently 0.0 days.

Institutional Investors Weigh In On Blackstone / GSO Long-Short Credit Income Fund

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Comerica Bank raised its stake 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 purchasing an additional 1,031 shares during the last quarter. First Trust Advisors LP acquired a new stake in Blackstone / GSO Long-Short Credit Income Fund during the third quarter worth about $124,000. XTX Topco Ltd bought a new position in Blackstone / GSO Long-Short Credit Income Fund during the fourth quarter valued at about $137,000. Marex Group plc acquired a new position in shares of Blackstone / GSO Long-Short Credit Income Fund in the fourth quarter valued at $143,000. Finally, Raymond James Financial Inc. increased its holdings in Blackstone / GSO Long-Short Credit Income Fund by 15.1% in the 2nd quarter. Raymond James Financial Inc. now owns 12,848 shares of the company’s stock valued at $159,000 after buying an additional 1,684 shares during the period.

Blackstone / GSO Long-Short Credit Income Fund Stock Performance

Shares of BGX traded up $0.03 during mid-day trading on Friday, hitting $10.66. 56,663 shares of the company’s stock were exchanged, compared to its average volume of 75,243. The firm has a fifty day moving average of $10.77 and a two-hundred day moving average of $10.81. Blackstone / GSO Long-Short Credit Income Fund has a twelve month low of $10.38 and a twelve month high of $12.60.

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.