Blackstone / GSO Long-Short Credit Income Fund (NYSE:BGX – Get Free Report) announced a monthly dividend on Friday, June 12th. Shareholders of record on Monday, August 24th will be paid a dividend of 0.082 per share on Monday, August 31st. This represents a c) annualized dividend and a yield of 9.1%. The ex-dividend date is Monday, August 24th.
Blackstone / GSO Long-Short Credit Income Fund Price Performance
NYSE BGX opened at $10.80 on Friday. The firm’s fifty day simple moving average is $10.82 and its two-hundred day simple moving average is $10.88. Blackstone / GSO Long-Short Credit Income Fund has a 12-month low of $10.38 and a 12-month high of $12.60.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Comerica Bank increased its position in Blackstone / GSO Long-Short Credit Income Fund by 17.5% during the 3rd quarter. Comerica Bank now owns 6,930 shares of the company’s stock valued at $83,000 after buying an additional 1,031 shares in the last quarter. First Trust Advisors LP purchased a new stake in shares of Blackstone / GSO Long-Short Credit Income Fund during the third quarter worth about $124,000. XTX Topco Ltd purchased a new stake in shares of Blackstone / GSO Long-Short Credit Income Fund during the fourth quarter worth about $137,000. Marex Group plc acquired a new position in shares of Blackstone / GSO Long-Short Credit Income Fund during the fourth quarter valued at about $143,000. Finally, Raymond James Financial Inc. increased 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 valued at $159,000 after acquiring an additional 1,684 shares in the last quarter.
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.
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