Short Interest in Blackstone / GSO Long-Short Credit Income Fund (NYSE:BGX) Expands By 65.4%

Blackstone / GSO Long-Short Credit Income Fund (NYSE:BGX) was the recipient of a large growth in short interest during the month of May. As of May 15th, there was short interest totaling 30,991 shares, a growth of 65.4% from the April 30th total of 18,735 shares. Based on an average trading volume of 72,819 shares, the days-to-cover ratio is currently 0.4 days.

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

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Sit Investment Associates Inc. grew its position in shares of Blackstone / GSO Long-Short Credit Income Fund by 9.5% in the fourth quarter. Sit Investment Associates Inc. now owns 616,205 shares of the company’s stock valued at $7,185,000 after purchasing an additional 53,374 shares in the last quarter. Invesco Ltd. grew its stake in Blackstone / GSO Long-Short Credit Income Fund by 8.2% during the 2nd quarter. Invesco Ltd. now owns 294,313 shares of the company’s stock worth $3,652,000 after purchasing an additional 22,240 shares in the last quarter. Pathstone Holdings LLC raised its holdings in Blackstone / GSO Long-Short Credit Income Fund by 7.2% in the third quarter. Pathstone Holdings LLC now owns 240,673 shares of the company’s stock valued at $2,888,000 after acquiring an additional 16,267 shares in the last quarter. Thomas J. Herzfeld Advisors Inc. increased its holdings in Blackstone / GSO Long-Short Credit Income Fund by 46.4% in the fourth quarter. Thomas J. Herzfeld Advisors Inc. now owns 233,050 shares of the company’s stock valued at $2,717,000 after buying an additional 73,889 shares during the last quarter. Finally, Bank of America Corp DE raised its position in shares of Blackstone / GSO Long-Short Credit Income Fund by 49.4% during the 1st quarter. Bank of America Corp DE now owns 215,252 shares of the company’s stock worth $2,346,000 after acquiring an additional 71,148 shares in the last quarter.

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

NYSE BGX traded up $0.01 during trading on Thursday, reaching $10.86. 25,681 shares of the company’s stock traded hands, compared to its average volume of 86,050. The company’s 50 day simple moving average is $10.88 and its two-hundred day simple moving average is $11.24. Blackstone / GSO Long-Short Credit Income Fund has a 12-month low of $10.38 and a 12-month high of $12.65.

Blackstone / GSO Long-Short Credit Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Friday, May 29th. Stockholders of record on Thursday, May 21st were issued a $0.07 dividend. This represents a c) annualized dividend and a dividend yield of 7.7%. The ex-dividend date of this dividend was Thursday, May 21st.

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.