Short Interest in Blackstone / GSO Long-Short Credit Income Fund (NYSE:BGX) Grows By 140.4%

Blackstone / GSO Long-Short Credit Income Fund (NYSE:BGX) was the recipient of a large increase in short interest in April. As of April 15th, there was short interest totalling 45,200 shares, an increase of 140.4% from the March 31st total of 18,800 shares. Based on an average daily volume of 57,200 shares, the short-interest ratio is presently 0.8 days.

Blackstone / GSO Long-Short Credit Income Fund Trading Up 0.3 %

Shares of NYSE BGX opened at $12.15 on Friday. Blackstone / GSO Long-Short Credit Income Fund has a 12-month low of $10.69 and a 12-month high of $12.44. The stock has a fifty day moving average price of $12.20 and a 200 day moving average price of $11.77.

Blackstone / GSO Long-Short Credit Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, May 31st. Investors of record on Thursday, May 23rd will be issued a $0.105 dividend. The ex-dividend date of this dividend is Wednesday, May 22nd. This represents a $1.26 annualized dividend and a yield of 10.37%.

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

Large investors have recently added to or reduced their stakes in the stock. Wolverine Asset Management LLC acquired a new stake in shares of Blackstone / GSO Long-Short Credit Income Fund during the fourth quarter valued at about $68,000. Nomura Holdings Inc. acquired a new stake in shares of Blackstone / GSO Long-Short Credit Income Fund during the fourth quarter valued at about $125,000. International Assets Investment Management LLC acquired a new stake in shares of Blackstone / GSO Long-Short Credit Income Fund during the fourth quarter valued at about $3,110,000. Shaker Financial Services LLC grew its stake in shares of Blackstone / GSO Long-Short Credit Income Fund by 8.1% during the fourth quarter. Shaker Financial Services LLC now owns 68,753 shares of the company’s stock valued at $794,000 after acquiring an additional 5,164 shares in the last quarter. Finally, Advisor Partners II LLC acquired a new stake in shares of Blackstone / GSO Long-Short Credit Income Fund during the third quarter valued at about $1,145,000.

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.