Blackstone / GSO Long-Short Credit Income Fund (NYSE:BGX) Short Interest Up 140.4% in April

Blackstone / GSO Long-Short Credit Income Fund (NYSE:BGX) was the target of a large growth in short interest in April. As of April 15th, there was short interest totalling 45,200 shares, a growth of 140.4% from the March 31st total of 18,800 shares. Based on an average trading volume of 57,200 shares, the days-to-cover ratio is currently 0.8 days.

Blackstone / GSO Long-Short Credit Income Fund Stock Performance

Shares of BGX stock traded up $0.04 during trading hours on Friday, reaching $12.15. The company had a trading volume of 42,350 shares, compared to its average volume of 59,548. The business has a fifty day moving average price of $12.20 and a 200-day moving average price of $11.77. Blackstone / GSO Long-Short Credit Income Fund has a one year low of $10.69 and a one year high of $12.44.

Blackstone / GSO Long-Short Credit Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, May 31st. Shareholders of record on Thursday, May 23rd will be given a $0.105 dividend. The ex-dividend date of this dividend is Wednesday, May 22nd. This represents a $1.26 annualized dividend and a yield of 10.37%.

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

Institutional investors have recently made changes to their positions in the business. Advisor Partners II LLC bought a new stake in Blackstone / GSO Long-Short Credit Income Fund during the third quarter valued at about $1,145,000. International Assets Investment Management LLC bought a new position in shares of Blackstone / GSO Long-Short Credit Income Fund during the 4th quarter valued at approximately $3,110,000. GraniteShares Advisors LLC grew its stake in shares of Blackstone / GSO Long-Short Credit Income Fund by 14.6% during the 1st quarter. GraniteShares Advisors LLC now owns 147,356 shares of the company’s stock valued at $1,814,000 after acquiring an additional 18,760 shares during the period. Nomura Holdings Inc. purchased a new stake in Blackstone / GSO Long-Short Credit Income Fund in the 4th quarter worth approximately $125,000. Finally, Wolverine Asset Management LLC bought a new stake in Blackstone / GSO Long-Short Credit Income Fund during the 4th quarter worth approximately $68,000.

About Blackstone / GSO Long-Short Credit Income Fund

Blackstone / GSO Long-Short Credit Income Fund is a close-ended fixed income mutual fund launched by The Blackstone Group LP. The fund is managed by GSO / Blackstone Debt Funds Management LLC. It takes both long and short positions to invest in the fixed income markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors.