Short Interest in Blackstone / GSO Long-Short Credit Income Fund (NYSE:BGX) Grows By 108.7%

Blackstone / GSO Long-Short Credit Income Fund (NYSE:BGX) saw a significant increase in short interest in January. As of January 15th, there was short interest totaling 3,224 shares, an increase of 108.7% from the December 31st total of 1,545 shares. Based on an average daily trading volume, of 69,064 shares, the short-interest ratio is presently 0.0 days. Based on an average daily trading volume, of 69,064 shares, the short-interest ratio is presently 0.0 days.

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

Several hedge funds have recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. lifted its position in Blackstone / GSO Long-Short Credit Income Fund by 434.0% during the third quarter. Envestnet Asset Management Inc. now owns 208,086 shares of the company’s stock worth $2,497,000 after buying an additional 169,118 shares during the period. Guggenheim Capital LLC increased its stake in shares of Blackstone / GSO Long-Short Credit Income Fund by 22.2% during the 2nd quarter. Guggenheim Capital LLC now owns 901,070 shares of the company’s stock valued at $11,182,000 after acquiring an additional 163,743 shares during the last quarter. Adapt Wealth Advisors LLC purchased a new position in shares of Blackstone / GSO Long-Short Credit Income Fund during the 3rd quarter worth about $1,268,000. Wolverine Asset Management LLC lifted its holdings in shares of Blackstone / GSO Long-Short Credit Income Fund by 676.4% during the 2nd quarter. Wolverine Asset Management LLC now owns 62,771 shares of the company’s stock worth $779,000 after acquiring an additional 54,686 shares during the period. Finally, Invesco Ltd. boosted its position in shares of Blackstone / GSO Long-Short Credit Income Fund by 8.2% in the second quarter. Invesco Ltd. now owns 294,313 shares of the company’s stock worth $3,652,000 after acquiring an additional 22,240 shares during the last quarter.

Blackstone / GSO Long-Short Credit Income Fund Price Performance

Shares of NYSE:BGX traded down $0.06 during trading on Friday, hitting $11.52. 129,693 shares of the stock were exchanged, compared to its average volume of 73,879. The company has a fifty day moving average price of $11.73 and a two-hundred day moving average price of $12.02. Blackstone / GSO Long-Short Credit Income Fund has a 12-month low of $10.71 and a 12-month high of $13.02.

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. Stockholders of record on Friday, February 20th will be given a $0.092 dividend. The ex-dividend date is Friday, February 20th. This represents a c) dividend on an annualized basis and a dividend yield of 9.6%.

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.