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 target of a significant 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 trading volume of 56,746 shares, the days-to-cover ratio is presently 0.1 days.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Saba Capital Management L.P. acquired a new stake in Blackstone / GSO Long-Short Credit Income Fund in the first quarter valued at $1,568,000. Wolverine Asset Management LLC grew its holdings in Blackstone / GSO Long-Short Credit Income Fund by 203.4% during the 4th quarter. Wolverine Asset Management LLC now owns 194,745 shares of the company’s stock worth $2,271,000 after acquiring an additional 130,561 shares in the last quarter. Closed End Fund Advisors Inc. bought a new stake in shares of Blackstone / GSO Long-Short Credit Income Fund in the 4th quarter worth about $878,000. Thomas J. Herzfeld Advisors Inc. increased its position in shares of Blackstone / GSO Long-Short Credit Income Fund by 46.4% in the 4th quarter. Thomas J. Herzfeld Advisors Inc. now owns 233,050 shares of the company’s stock worth $2,717,000 after purchasing an additional 73,889 shares during the last quarter. Finally, Bank of America Corp DE raised its stake in shares of Blackstone / GSO Long-Short Credit Income Fund by 49.4% in the 1st quarter. Bank of America Corp DE now owns 215,252 shares of the company’s stock valued at $2,346,000 after purchasing an additional 71,148 shares in the last quarter.

Blackstone / GSO Long-Short Credit Income Fund Price Performance

NYSE BGX traded up $0.01 during mid-day trading on Tuesday, reaching $10.87. 57,757 shares of the company’s stock traded hands, compared to its average volume of 80,382. Blackstone / GSO Long-Short Credit Income Fund has a 1-year low of $10.38 and a 1-year high of $12.65. The company has a fifty day simple moving average of $10.89 and a 200-day simple moving average of $11.11.

Blackstone / GSO Long-Short Credit Income Fund Announces Dividend

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

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.