Short Interest in Blackstone / GSO Long-Short Credit Income Fund (NYSE:BGX) Grows By 145.1%

Blackstone / GSO Long-Short Credit Income Fund (NYSE:BGX) was the recipient of a large growth in short interest in June. As of June 30th, there was short interest totaling 20,730 shares, a growth of 145.1% from the June 15th total of 8,458 shares. Based on an average daily trading volume, of 40,462 shares, the days-to-cover ratio is currently 0.5 days.

Blackstone / GSO Long-Short Credit Income Fund Price Performance

Shares of NYSE BGX remained flat at $10.83 during mid-day trading on Wednesday. The stock had a trading volume of 31,611 shares, compared to its average volume of 79,076. The company has a 50 day moving average price of $10.86 and a 200-day moving average price of $11.04. Blackstone / GSO Long-Short Credit Income Fund has a 12 month low of $10.38 and a 12 month high of $12.65.

Blackstone / GSO Long-Short Credit Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 24th will be issued a dividend of $0.082 per share. This represents a c) annualized dividend and a yield of 9.1%. The ex-dividend date is Monday, August 24th.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of BGX. Comerica Bank lifted its holdings 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 purchasing an additional 1,031 shares during the last quarter. Osaic Holdings Inc. increased its holdings 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 valued at $197,000 after purchasing an additional 1,351 shares during the last quarter. Kestra Advisory Services LLC increased its holdings in shares of Blackstone / GSO Long-Short Credit Income Fund by 4.5% in the first quarter. Kestra Advisory Services LLC now owns 32,738 shares of the company’s stock valued at $357,000 after purchasing an additional 1,400 shares during the last quarter. Raymond James Financial Inc. raised its position 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 valued at $159,000 after purchasing an additional 1,684 shares during the period. Finally, UBS Group AG raised its position in shares of Blackstone / GSO Long-Short Credit Income Fund by 2.1% in the third quarter. UBS Group AG now owns 108,144 shares of the company’s stock valued at $1,298,000 after purchasing an additional 2,227 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.