Short Interest in Blackstone / GSO Long-Short Credit Income Fund (NYSE:BGX) Drops By 98.7%

Blackstone / GSO Long-Short Credit Income Fund (NYSE:BGX) was the recipient of a significant drop in short interest in February. As of February 13th, there was short interest totaling 233 shares, a drop of 98.7% from the January 29th total of 17,757 shares. Based on an average daily trading volume, of 100,308 shares, the days-to-cover ratio is presently 0.0 days. Based on an average daily trading volume, of 100,308 shares, the days-to-cover ratio is presently 0.0 days.

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

Several institutional investors and hedge funds have recently bought and sold shares of BGX. Guggenheim Capital LLC increased its holdings 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 worth $11,182,000 after buying an additional 163,743 shares during the last quarter. Sit Investment Associates Inc. grew its position in Blackstone / GSO Long-Short Credit Income Fund by 9.5% in the fourth quarter. Sit Investment Associates Inc. now owns 616,205 shares of the company’s stock worth $7,185,000 after acquiring an additional 53,374 shares during the period. Invesco Ltd. increased its stake in Blackstone / GSO Long-Short Credit Income Fund by 8.2% during 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. Pathstone Holdings LLC raised its position in Blackstone / GSO Long-Short Credit Income Fund by 7.2% in the third quarter. Pathstone Holdings LLC now owns 240,673 shares of the company’s stock valued at $2,888,000 after purchasing an additional 16,267 shares during the period. Finally, Thomas J. Herzfeld Advisors Inc. raised its position in Blackstone / GSO Long-Short Credit Income Fund by 46.4% in the fourth quarter. Thomas J. Herzfeld Advisors Inc. now owns 233,050 shares of the company’s stock valued at $2,717,000 after purchasing an additional 73,889 shares during the period.

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

NYSE:BGX traded down $0.02 during trading hours on Wednesday, hitting $10.98. The company had a trading volume of 190,584 shares, compared to its average volume of 95,589. The company has a 50-day moving average of $11.52 and a 200 day moving average of $11.85. Blackstone / GSO Long-Short Credit Income Fund has a 1 year low of $10.71 and a 1 year high of $12.72.

Blackstone / GSO Long-Short Credit Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 20th will be given a dividend of $0.092 per share. This represents a c) annualized dividend and a yield of 10.1%. The ex-dividend date is Friday, February 20th.

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.