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

Blackstone / GSO Long-Short Credit Income Fund (NYSE:BGX) saw a significant growth in short interest in the month of 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 presently 0.5 days.

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

A number of institutional investors have recently modified their holdings of the company. Noble Wealth Management PBC bought a new position in shares of Blackstone / GSO Long-Short Credit Income Fund during the fourth quarter worth about $72,000. Comerica Bank lifted its stake in Blackstone / GSO Long-Short Credit Income Fund by 17.5% in the 3rd quarter. Comerica Bank now owns 6,930 shares of the company’s stock valued at $83,000 after acquiring an additional 1,031 shares in the last quarter. First Trust Advisors LP acquired a new position in Blackstone / GSO Long-Short Credit Income Fund during the 3rd quarter worth approximately $124,000. XTX Topco Ltd acquired a new position in Blackstone / GSO Long-Short Credit Income Fund during the 4th quarter worth approximately $137,000. Finally, Marex Group plc acquired a new position in Blackstone / GSO Long-Short Credit Income Fund during the 4th quarter worth approximately $143,000.

Blackstone / GSO Long-Short Credit Income Fund Trading Down 0.2%

Shares of NYSE:BGX traded down $0.03 during midday trading on Thursday, reaching $10.80. 1,498 shares of the company were exchanged, compared to its average volume of 78,497. Blackstone / GSO Long-Short Credit Income Fund has a fifty-two week low of $10.38 and a fifty-two week high of $12.65. The stock has a fifty day simple moving average of $10.86 and a two-hundred day simple moving average of $11.04.

Blackstone / GSO Long-Short Credit Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 24th will be issued a dividend of $0.082 per share. This represents a c) dividend on an annualized basis and a 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.