Blackstone / GSO Long-Short Credit Income Fund (NYSE:BGX) Shares Climb 0.2% – Here’s Why

Blackstone / GSO Long-Short Credit Income Fund (NYSE:BGX)’s share price traded up 0.2% on Wednesday. The stock traded as high as $10.75 and last traded at $10.72. Approximately 31,742 shares traded hands during mid-day trading, a decline of 59% from the average daily volume of 77,690 shares. The stock had previously closed at $10.70.

Blackstone / GSO Long-Short Credit Income Fund Stock Up 0.4%

The stock has a fifty day moving average of $10.57 and a two-hundred day moving average of $10.81.

Blackstone / GSO Long-Short Credit Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, November 30th. Shareholders of record on Friday, November 20th will be given a $0.08 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 9.0%. The ex-dividend date is Friday, November 20th.

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

Several institutional investors and hedge funds have recently made changes to their positions in BGX. Kestra Advisory Services LLC increased its position in Blackstone / GSO Long-Short Credit Income Fund by 4.5% during the 1st 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 period. Calamos Advisors LLC raised its holdings in Blackstone / GSO Long-Short Credit Income Fund by 61.2% during the 3rd quarter. Calamos Advisors LLC now owns 49,180 shares of the company’s stock worth $519,000 after purchasing an additional 18,665 shares during the last quarter. Saba Capital Management L.P. bought a new position in Blackstone / GSO Long-Short Credit Income Fund during the 1st quarter worth approximately $1,568,000. Bank of America Corp DE lifted its position 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 worth $2,346,000 after purchasing an additional 71,148 shares during the period. Finally, Atlas Wealth LLC lifted its position in shares of Blackstone / GSO Long-Short Credit Income Fund by 26.4% in the 3rd quarter. Atlas Wealth LLC now owns 248,017 shares of the company’s stock worth $2,619,000 after purchasing an additional 51,830 shares during the period.

Blackstone / GSO Long-Short Credit Income Fund Company Profile

Blackstone/GSO Long-Short Credit Income Fund is a closed-end investment fund listed on the New York Stock Exchange. Its investment objective is to generate current income, with capital appreciation as a secondary objective. The fund invests primarily in corporate credit, including senior secured loans and other debt securities. Its long-short strategy may take both long and short positions in credit investments, including debt issued by companies with below-investment-grade ratings. The fund is managed by Blackstone’s credit investment business, which was formerly known as GSO Capital Partners.