Blackstone / GSO Long-Short Credit Income Fund (NYSE:BGX) Short Interest Update

Blackstone / GSO Long-Short Credit Income Fund (NYSE:BGX) was the target of a large drop in short interest in the month of June. As of June 15th, there was short interest totaling 8,458 shares, a drop of 64.6% from the May 31st total of 23,896 shares. Based on an average daily volume of 56,746 shares, the short-interest ratio is currently 0.1 days.

Blackstone / GSO Long-Short Credit Income Fund Stock Performance

Blackstone / GSO Long-Short Credit Income Fund stock traded up $0.04 during trading hours on Monday, reaching $10.87. The stock had a trading volume of 52,891 shares, compared to its average volume of 80,616. Blackstone / GSO Long-Short Credit Income Fund has a 52 week low of $10.38 and a 52 week high of $12.65. The business’s 50 day moving average price is $10.89 and its 200-day moving average price is $11.11.

Blackstone / GSO Long-Short Credit Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 24th will be paid a $0.082 dividend. The ex-dividend date is Monday, August 24th. This represents a c) dividend on an annualized basis and a yield of 9.1%.

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

Several hedge funds have recently made changes to their positions in BGX. Noble Wealth Management PBC acquired a new position in shares of Blackstone / GSO Long-Short Credit Income Fund in the 4th quarter valued at about $72,000. Comerica Bank raised its holdings in Blackstone / GSO Long-Short Credit Income Fund by 17.5% in the 3rd quarter. Comerica Bank now owns 6,930 shares of the company’s stock valued at $83,000 after acquiring an additional 1,031 shares during the last quarter. First Trust Advisors LP acquired a new position in Blackstone / GSO Long-Short Credit Income Fund during the third quarter worth $124,000. XTX Topco Ltd acquired a new stake in Blackstone / GSO Long-Short Credit Income Fund during the fourth quarter worth about $137,000. Finally, Marex Group plc acquired a new position in Blackstone / GSO Long-Short Credit Income Fund in the fourth quarter valued at approximately $143,000.

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.