Blackstone / GSO Long-Short Credit Income Fund (NYSE:BGX) Short Interest Update

Blackstone / GSO Long-Short Credit Income Fund (NYSE:BGX) was the target of a large increase in short interest in the month of March. As of March 15th, there was short interest totalling 12,900 shares, an increase of 130.4% from the February 29th total of 5,600 shares. Based on an average daily volume of 67,400 shares, the short-interest ratio is currently 0.2 days.

Blackstone / GSO Long-Short Credit Income Fund Trading Down 0.1 %

Shares of BGX stock traded down $0.01 during mid-day trading on Friday, reaching $12.31. 57,298 shares of the company’s stock traded hands, compared to its average volume of 62,239. Blackstone / GSO Long-Short Credit Income Fund has a 12 month low of $10.69 and a 12 month high of $12.44. The firm has a 50 day moving average price of $12.08 and a two-hundred day moving average price of $11.68.

Blackstone / GSO Long-Short Credit Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, May 31st. Investors of record on Thursday, May 23rd will be issued a $0.105 dividend. This represents a $1.26 annualized dividend and a yield of 10.24%. The ex-dividend date of this dividend is Wednesday, May 22nd.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Nomura Holdings Inc. purchased a new stake in Blackstone / GSO Long-Short Credit Income Fund in the 4th quarter worth $125,000. Envestnet Asset Management Inc. purchased a new stake in Blackstone / GSO Long-Short Credit Income Fund in the 3rd quarter worth $124,000. Comerica Bank purchased a new stake in Blackstone / GSO Long-Short Credit Income Fund in the 3rd quarter worth $109,000. JPMorgan Chase & Co. purchased a new stake in Blackstone / GSO Long-Short Credit Income Fund in the 2nd quarter worth $41,000. Finally, SkyView Investment Advisors LLC purchased a new stake in shares of Blackstone / GSO Long-Short Credit Income Fund during the 1st quarter valued at about $40,000.

Blackstone / GSO Long-Short Credit Income Fund Company Profile

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.