Blackstone / GSO Long-Short Credit Income Fund (NYSE:BGX) Trading 0.1% Higher – What’s Next?

Blackstone / GSO Long-Short Credit Income Fund (NYSE:BGX) traded up 0.1% on Tuesday . The stock traded as high as $10.87 and last traded at $10.8350. 39,324 shares traded hands during mid-day trading, a decline of 54% from the average session volume of 85,678 shares. The stock had previously closed at $10.82.

Blackstone / GSO Long-Short Credit Income Fund Stock Up 0.0%

The company has a 50-day simple moving average of $10.90 and a two-hundred day simple moving average of $11.20.

Blackstone / GSO Long-Short Credit Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Friday, May 29th. Stockholders of record on Thursday, May 21st were paid a $0.07 dividend. The ex-dividend date of this dividend was Thursday, May 21st. This represents a c) annualized dividend and a dividend yield of 7.8%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of BGX. Royal Bank of Canada grew its stake in shares of Blackstone / GSO Long-Short Credit Income Fund by 4.6% in the first quarter. Royal Bank of Canada now owns 92,158 shares of the company’s stock worth $1,139,000 after purchasing an additional 4,090 shares in the last quarter. Cetera Investment Advisers grew its stake in shares of Blackstone / GSO Long-Short Credit Income Fund by 8.3% in the second quarter. Cetera Investment Advisers now owns 33,568 shares of the company’s stock worth $417,000 after purchasing an additional 2,566 shares in the last quarter. Invesco Ltd. grew its stake in shares of Blackstone / GSO Long-Short Credit Income Fund by 8.2% in the second quarter. Invesco Ltd. now owns 294,313 shares of the company’s stock worth $3,652,000 after purchasing an additional 22,240 shares in the last quarter. Raymond James Financial Inc. grew its stake in shares of Blackstone / GSO Long-Short Credit Income Fund by 15.1% in the second quarter. Raymond James Financial Inc. now owns 12,848 shares of the company’s stock worth $159,000 after purchasing an additional 1,684 shares in the last quarter. Finally, Osaic Holdings Inc. grew its stake in shares of Blackstone / GSO Long-Short Credit Income Fund by 9.3% in the second quarter. Osaic Holdings Inc. now owns 15,885 shares of the company’s stock worth $197,000 after purchasing an additional 1,351 shares in the last quarter.

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.