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

Blackstone / GSO Long-Short Credit Income Fund (NYSE:BGX) was the recipient of a significant decrease in short interest during the month of December. As of December 15th, there was short interest totaling 25,892 shares, a decrease of 44.8% from the November 30th total of 46,881 shares. Based on an average daily trading volume, of 78,437 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily trading volume, of 78,437 shares, the days-to-cover ratio is presently 0.3 days.

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

Hedge funds have recently modified their holdings of the company. Thomas J. Herzfeld Advisors Inc. acquired a new position in Blackstone / GSO Long-Short Credit Income Fund in the 2nd quarter worth about $34,000. Comerica Bank increased its position in shares of 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 valued at $83,000 after buying an additional 1,031 shares in the last quarter. First Trust Advisors LP acquired a new position in shares of Blackstone / GSO Long-Short Credit Income Fund during the 3rd quarter worth approximately $124,000. Raymond James Financial Inc. lifted its position in shares of Blackstone / GSO Long-Short Credit Income Fund by 15.1% during the 2nd quarter. Raymond James Financial Inc. now owns 12,848 shares of the company’s stock valued at $159,000 after buying an additional 1,684 shares in the last quarter. Finally, Ethos Financial Group LLC acquired a new stake in Blackstone / GSO Long-Short Credit Income Fund in the 3rd quarter valued at $159,000.

Blackstone / GSO Long-Short Credit Income Fund Trading Up 0.7%

Shares of BGX stock opened at $11.77 on Friday. The stock has a 50 day moving average of $11.78 and a 200 day moving average of $12.13. Blackstone / GSO Long-Short Credit Income Fund has a twelve month low of $10.71 and a twelve month high of $13.02.

Blackstone / GSO Long-Short Credit Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 20th will be issued a dividend of $0.092 per share. This represents a c) annualized dividend and a dividend yield of 9.4%. The ex-dividend date of this dividend is Friday, February 20th.

About Blackstone / GSO Long-Short Credit Income Fund

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.