Blackstone / GSO Long-Short Credit Income Fund (NYSE:BGX) Sees Significant Increase in Short Interest

Blackstone / GSO Long-Short Credit Income Fund (NYSE:BGX) was the recipient of a large increase in short interest in February. As of February 15th, there was short interest totalling 43,000 shares, an increase of 70.0% from the January 31st total of 25,300 shares. Based on an average trading volume of 74,600 shares, the days-to-cover ratio is presently 0.6 days.

Blackstone / GSO Long-Short Credit Income Fund Stock Performance

Shares of BGX stock traded up $0.02 on Monday, hitting $12.64. The stock had a trading volume of 73,590 shares, compared to its average volume of 62,076. The business has a 50 day moving average of $12.74 and a 200 day moving average of $12.82. Blackstone / GSO Long-Short Credit Income Fund has a 12-month low of $12.09 and a 12-month high of $13.24.

Blackstone / GSO Long-Short Credit Income Fund Announces Dividend

The company also recently disclosed a dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 21st were paid a $0.097 dividend. The ex-dividend date of this dividend was Friday, February 21st. This represents a yield of 9.09%.

Hedge Funds Weigh In On Blackstone / GSO Long-Short Credit Income Fund

Hedge funds have recently modified their holdings of the company. International Assets Investment Management LLC purchased a new stake in shares of Blackstone / GSO Long-Short Credit Income Fund during the third quarter valued at approximately $4,190,000. Shaker Financial Services LLC bought a new position in Blackstone / GSO Long-Short Credit Income Fund in the 3rd quarter valued at $193,000. Drive Wealth Management LLC bought a new position in Blackstone / GSO Long-Short Credit Income Fund in the 3rd quarter valued at $1,352,000. Advisors Asset Management Inc. increased its position in shares of Blackstone / GSO Long-Short Credit Income Fund by 0.8% during the 3rd quarter. Advisors Asset Management Inc. now owns 337,485 shares of the company’s stock valued at $4,316,000 after purchasing an additional 2,656 shares during the last quarter. Finally, Landscape Capital Management L.L.C. raised its stake in shares of Blackstone / GSO Long-Short Credit Income Fund by 2.7% during the 3rd quarter. Landscape Capital Management L.L.C. now owns 153,631 shares of the company’s stock worth $1,965,000 after purchasing an additional 4,028 shares during the period.

About Blackstone / GSO Long-Short Credit Income Fund

Blackstone / GSO Long-Short Credit Income Fund is a close-ended fixed income mutual fund launched by The Blackstone Group LP. The fund is managed by GSO / Blackstone Debt Funds Management LLC. It takes both long and short positions to invest in the fixed income markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors.