Blackstone / GSO Long-Short Credit Income Fund (NYSE:BGX) Short Interest Down 92.3% in August

Blackstone / GSO Long-Short Credit Income Fund (NYSE:BGX) saw a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 2,392 shares, a drop of 92.3% from the August 15th total of 31,253 shares. Based on an average daily volume of 72,057 shares, the days-to-cover ratio is currently 0.0 days.

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

A number of hedge funds have recently modified their holdings of BGX. Comerica Bank increased 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 worth $83,000 after buying an additional 1,031 shares during the last quarter. First Trust Advisors LP acquired a new position in shares of Blackstone / GSO Long-Short Credit Income Fund during the third quarter worth approximately $124,000. XTX Topco Ltd bought a new stake in Blackstone / GSO Long-Short Credit Income Fund in the 4th quarter valued at $137,000. Marex Group plc bought a new stake in shares of Blackstone / GSO Long-Short Credit Income Fund in the fourth quarter valued at about $143,000. Finally, Raymond James Financial Inc. lifted its position 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 worth $159,000 after acquiring an additional 1,684 shares during the period.

Blackstone / GSO Long-Short Credit Income Fund Stock Up 0.1%

BGX stock traded up $0.01 on Friday, hitting $10.64. 40,581 shares of the company’s stock traded hands, compared to its average volume of 75,117. Blackstone / GSO Long-Short Credit Income Fund has a 1-year low of $10.38 and a 1-year high of $12.60. The stock has a fifty day moving average of $10.78 and a 200-day moving average of $10.82.

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.