Short Interest in Blackstone / GSO Long-Short Credit Income Fund (NYSE:BGX) Declines By 14.5%

Blackstone / GSO Long-Short Credit Income Fund (NYSE:BGX) was the target of a significant decline in short interest during the month of March. As of March 31st, there was short interest totalling 27,700 shares, a decline of 14.5% from the March 15th total of 32,400 shares. Based on an average daily trading volume, of 79,800 shares, the short-interest ratio is presently 0.3 days.

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

Several institutional investors and hedge funds have recently bought and sold shares of BGX. US Bancorp DE bought a new stake in shares of Blackstone / GSO Long-Short Credit Income Fund in the 4th quarter valued at approximately $45,000. Raymond James Financial Inc. acquired a new stake in shares of Blackstone / GSO Long-Short Credit Income Fund during the fourth quarter worth $153,000. Janney Montgomery Scott LLC bought a new position in shares of Blackstone / GSO Long-Short Credit Income Fund in the 4th quarter worth about $288,000. Hennion & Walsh Asset Management Inc. boosted its holdings in shares of Blackstone / GSO Long-Short Credit Income Fund by 106.8% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 25,521 shares of the company’s stock valued at $315,000 after buying an additional 13,180 shares during the period. Finally, Morse Asset Management Inc bought a new stake in shares of Blackstone / GSO Long-Short Credit Income Fund during the 3rd quarter valued at about $404,000.

Blackstone / GSO Long-Short Credit Income Fund Stock Down 0.6 %

BGX opened at $11.73 on Tuesday. Blackstone / GSO Long-Short Credit Income Fund has a 12-month low of $10.71 and a 12-month high of $13.24. The firm’s fifty day moving average price is $12.27 and its 200 day moving average price is $12.61.

Blackstone / GSO Long-Short Credit Income Fund Announces Dividend

The company also recently declared a dividend, which was paid on Monday, March 31st. Investors of record on Tuesday, March 25th were paid a $0.086 dividend. The ex-dividend date was Monday, March 24th. This represents a yield of 8.34%.

Blackstone / GSO Long-Short Credit Income Fund Company Profile

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.