Short Interest in Blackstone / GSO Long-Short Credit Income Fund (NYSE:BGX) Decreases By 42.4%

Blackstone / GSO Long-Short Credit Income Fund (NYSE:BGX) was the target of a large decline in short interest in August. As of August 31st, there was short interest totalling 11,000 shares, a decline of 42.4% from the August 15th total of 19,100 shares. Based on an average daily volume of 51,700 shares, the days-to-cover ratio is presently 0.2 days.

Hedge funds have recently made changes to their positions in the stock. Advisory Services Network LLC acquired a new position in shares of Blackstone / GSO Long-Short Credit Income Fund in the second quarter valued at approximately $85,000. Integrated Capital Management Inc. purchased a new position in Blackstone / GSO Long-Short Credit Income Fund in the second quarter worth approximately $162,000. First Trust Advisors LP lifted its stake in Blackstone / GSO Long-Short Credit Income Fund by 4.6% in the second quarter. First Trust Advisors LP now owns 15,561 shares of the company’s stock worth $235,000 after acquiring an additional 688 shares during the last quarter. Belpointe Asset Management LLC lifted its position in shares of Blackstone / GSO Long-Short Credit Income Fund by 5.0% during the 2nd quarter. Belpointe Asset Management LLC now owns 18,510 shares of the company’s stock worth $280,000 after buying an additional 875 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. purchased a new stake in shares of Blackstone / GSO Long-Short Credit Income Fund during the 1st quarter worth approximately $437,000.

BGX stock remained flat at $$14.96 during mid-day trading on Friday. 36,106 shares of the company’s stock traded hands, compared to its average volume of 52,049. The company’s 50-day moving average is $14.76. Blackstone / GSO Long-Short Credit Income Fund has a 1-year low of $12.27 and a 1-year high of $15.39.

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, November 30th. Investors of record on Monday, November 22nd will be issued a $0.083 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 6.66%. The ex-dividend date is Friday, November 19th.

Blackstone / GSO Long-Short Credit Income Fund Company Profile

Blackstone Long-Short Credit Income Fund is a diversified and closed-end investment management company. It engages in the provision of current income and capital appreciation. The firm involves in employing long-short strategy positions in a diversified portfolio of loans and fixed income instruments.

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