Blackstone / GSO Long-Short Credit Income Fund (NYSE:BGX) Trading Up 0.3% – Time to Buy?

Blackstone / GSO Long-Short Credit Income Fund (NYSE:BGX)’s stock price shot up 0.3% during trading on Wednesday . The company traded as high as $10.92 and last traded at $10.90. 46,455 shares traded hands during trading, a decline of 39% from the average session volume of 76,124 shares. The stock had previously closed at $10.87.

Blackstone / GSO Long-Short Credit Income Fund Stock Up 0.3%

The stock has a fifty day moving average of $10.81 and a two-hundred day moving average of $10.91.

Blackstone / GSO Long-Short Credit Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 24th will be paid a $0.082 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 9.0%. The ex-dividend date of this dividend is Monday, August 24th.

Institutional Investors Weigh In On Blackstone / GSO Long-Short Credit Income Fund

A number of institutional investors have recently modified their holdings of the company. Comerica Bank lifted its holdings in Blackstone / GSO Long-Short Credit Income Fund by 17.5% in the third quarter. Comerica Bank now owns 6,930 shares of the company’s stock valued at $83,000 after buying an additional 1,031 shares during the period. First Trust Advisors LP acquired a new position in Blackstone / GSO Long-Short Credit Income Fund in the third quarter valued at approximately $124,000. XTX Topco Ltd bought a new position in shares of Blackstone / GSO Long-Short Credit Income Fund during the 4th quarter worth approximately $137,000. Marex Group plc acquired a new stake in shares of Blackstone / GSO Long-Short Credit Income Fund during the 4th quarter worth approximately $143,000. Finally, Raymond James Financial Inc. increased its stake in shares of Blackstone / GSO Long-Short Credit Income Fund by 15.1% in the 2nd quarter. Raymond James Financial Inc. now owns 12,848 shares of the company’s stock valued at $159,000 after acquiring an additional 1,684 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.