Blackstone / GSO Long-Short Credit Income Fund (NYSE:BGX – Get Free Report) declared a monthly dividend on Friday, June 12th. Shareholders of record on Friday, July 24th will be paid a dividend of 0.082 per share on Friday, July 31st. This represents a c) dividend on an annualized basis and a yield of 9.1%. The ex-dividend date of this dividend is Friday, July 24th.
Blackstone / GSO Long-Short Credit Income Fund Stock Performance
Shares of NYSE:BGX opened at $10.79 on Wednesday. Blackstone / GSO Long-Short Credit Income Fund has a 52 week low of $10.38 and a 52 week high of $12.65. The company’s fifty day moving average is $10.85 and its 200-day moving average is $11.01.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Comerica Bank grew its stake in Blackstone / GSO Long-Short Credit Income Fund by 17.5% in the third quarter. Comerica Bank now owns 6,930 shares of the company’s stock valued at $83,000 after acquiring an additional 1,031 shares during the period. First Trust Advisors LP acquired a new position in shares of Blackstone / GSO Long-Short Credit Income Fund in the third quarter valued at approximately $124,000. XTX Topco Ltd bought a new stake in shares of Blackstone / GSO Long-Short Credit Income Fund during the fourth quarter worth $137,000. Marex Group plc bought a new stake in shares of Blackstone / GSO Long-Short Credit Income Fund during the fourth quarter worth $143,000. Finally, Raymond James Financial Inc. raised its holdings in shares of Blackstone / GSO Long-Short Credit Income Fund by 15.1% during the second quarter. Raymond James Financial Inc. now owns 12,848 shares of the company’s stock worth $159,000 after acquiring an additional 1,684 shares during the period.
About Blackstone / GSO Long-Short Credit Income Fund
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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