Blackstone / GSO Long-Short Credit Income Fund (NYSE:BGX) Trading 0.3% Higher – Time to Buy?

Blackstone / GSO Long-Short Credit Income Fund (NYSE:BGX) traded up 0.3% during trading on Wednesday . The stock traded as high as $10.92 and last traded at $10.90. 46,455 shares traded hands during trading, a decline of 39% from the average session volume of 76,124 shares. The stock had previously closed at $10.87.

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

The business’s 50 day moving average price is $10.81 and its two-hundred day moving average price is $10.91.

Blackstone / GSO Long-Short Credit Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 24th will be issued a dividend of $0.082 per share. The ex-dividend date of this dividend is Monday, August 24th. This represents a c) annualized dividend and a dividend yield of 9.0%.

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

Hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of America Corp DE raised its position in Blackstone / GSO Long-Short Credit Income Fund by 49.4% in the first quarter. Bank of America Corp DE now owns 215,252 shares of the company’s stock valued at $2,346,000 after purchasing an additional 71,148 shares during the last quarter. Saba Capital Management L.P. acquired a new position in shares of Blackstone / GSO Long-Short Credit Income Fund in the first quarter valued at approximately $1,568,000. Kestra Advisory Services LLC raised its holdings in Blackstone / GSO Long-Short Credit Income Fund by 4.5% in the 1st quarter. Kestra Advisory Services LLC now owns 32,738 shares of the company’s stock valued at $357,000 after buying an additional 1,400 shares during the last quarter. Absolute Investment Advisers LLC acquired a new stake in Blackstone / GSO Long-Short Credit Income Fund during the 1st quarter worth approximately $420,000. Finally, World Investment Advisors acquired a new stake in Blackstone / GSO Long-Short Credit Income Fund during the 4th quarter worth approximately $314,000.

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.