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

Blackstone / GSO Long-Short Credit Income Fund (NYSE:BGXGet Free Report) saw a large drop in short interest during the month of August. As of August 31st, there was short interest totaling 2,392 shares, a drop 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 currently 0.0 days.

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

Large investors have recently bought and sold shares of the company. Comerica Bank increased its holdings in Blackstone / GSO Long-Short Credit Income Fund by 17.5% in the 3rd quarter. Comerica Bank now owns 6,930 shares of the company’s stock worth $83,000 after buying an additional 1,031 shares during the period. First Trust Advisors LP acquired a new stake in Blackstone / GSO Long-Short Credit Income Fund during the 3rd quarter valued at approximately $124,000. XTX Topco Ltd acquired a new stake in Blackstone / GSO Long-Short Credit Income Fund during the 4th quarter valued at approximately $137,000. Marex Group plc purchased a new stake in shares of Blackstone / GSO Long-Short Credit Income Fund in the 4th quarter valued at $143,000. Finally, Raymond James Financial Inc. boosted its holdings in shares of 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 acquiring an additional 1,684 shares during the last quarter.

Blackstone / GSO Long-Short Credit Income Fund Stock Performance

BGX traded down $0.03 on Thursday, reaching $10.63. 62,203 shares of the stock were exchanged, compared to its average volume of 75,351. The company’s 50-day moving average price is $10.78 and its 200 day moving average price is $10.82. Blackstone / GSO Long-Short Credit Income Fund has a fifty-two week low of $10.38 and a fifty-two week high of $12.60.

Blackstone / GSO Long-Short Credit Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, August 31st. Stockholders of record on Monday, August 24th were paid a $0.082 dividend. This represents a c) annualized dividend and a dividend yield of 9.3%. The ex-dividend date was Monday, August 24th.

About Blackstone / GSO Long-Short Credit Income Fund

(Get Free Report)

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.

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