Blackstone / GSO Long-Short Credit Income Fund (NYSE:BGX) Short Interest Down 64.6% in June

Blackstone / GSO Long-Short Credit Income Fund (NYSE:BGX) was the recipient of a large decline in short interest in June. As of June 15th, there was short interest totaling 8,458 shares, a decline of 64.6% from the May 31st total of 23,896 shares. Based on an average daily trading volume, of 56,746 shares, the short-interest ratio is currently 0.1 days.

Blackstone / GSO Long-Short Credit Income Fund Stock Performance

NYSE BGX opened at $10.84 on Friday. Blackstone / GSO Long-Short Credit Income Fund has a 12 month low of $10.38 and a 12 month high of $12.65. The company’s 50 day moving average is $10.89 and its two-hundred day moving average is $11.13.

Blackstone / GSO Long-Short Credit Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 24th will be paid a $0.082 dividend. This represents a c) dividend on an annualized basis and a yield of 9.1%. The ex-dividend date is Monday, August 24th.

Institutional Trading of Blackstone / GSO Long-Short Credit Income Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Saba Capital Management L.P. bought a new stake in shares of Blackstone / GSO Long-Short Credit Income Fund during the first quarter valued at approximately $1,568,000. Absolute Investment Advisers LLC bought a new stake in Blackstone / GSO Long-Short Credit Income Fund in the 1st quarter valued at $420,000. World Investment Advisors purchased a new stake in Blackstone / GSO Long-Short Credit Income Fund in the 4th quarter worth $314,000. Sit Investment Associates Inc. boosted its holdings in shares of Blackstone / GSO Long-Short Credit Income Fund by 9.5% during the 4th quarter. Sit Investment Associates Inc. now owns 616,205 shares of the company’s stock valued at $7,185,000 after purchasing an additional 53,374 shares during the last quarter. Finally, Landscape Capital Management L.L.C. grew its position in shares of Blackstone / GSO Long-Short Credit Income Fund by 28.4% during the fourth quarter. Landscape Capital Management L.L.C. now owns 144,586 shares of the company’s stock valued at $1,686,000 after purchasing an additional 31,979 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.