Blackstone / GSO Long-Short Credit Income Fund (NYSE:BGX) Sees Large Decline in Short Interest

Blackstone / GSO Long-Short Credit Income Fund (NYSE:BGX) was the target of a large drop in short interest during the month of October. As of October 15th, there was short interest totalling 7,500 shares, a drop of 88.6% from the September 30th total of 65,700 shares. Based on an average daily volume of 69,500 shares, the short-interest ratio is currently 0.1 days.

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

A number of institutional investors have recently modified their holdings of BGX. Advisors Asset Management Inc. grew its position in shares of Blackstone / GSO Long-Short Credit Income Fund by 149.6% in the first quarter. Advisors Asset Management Inc. now owns 253,571 shares of the company’s stock valued at $3,121,000 after purchasing an additional 151,969 shares during the last quarter. Tidal Investments LLC acquired a new stake in shares of Blackstone / GSO Long-Short Credit Income Fund during the 1st quarter valued at $314,000. Comerica Bank boosted its holdings in shares of Blackstone / GSO Long-Short Credit Income Fund by 11.3% during the 1st quarter. Comerica Bank now owns 9,800 shares of the company’s stock valued at $121,000 after acquiring an additional 995 shares in the last quarter. Hennion & Walsh Asset Management Inc. acquired a new stake in shares of Blackstone / GSO Long-Short Credit Income Fund during the 2nd quarter valued at $155,000. Finally, Catalina Capital Group LLC bought a new position in Blackstone / GSO Long-Short Credit Income Fund during the 2nd quarter worth $149,000.

Blackstone / GSO Long-Short Credit Income Fund Stock Performance

BGX stock traded down $0.05 during midday trading on Friday, hitting $12.61. 47,338 shares of the company’s stock were exchanged, compared to its average volume of 60,266. The stock’s fifty day moving average price is $12.87 and its 200-day moving average price is $12.64. Blackstone / GSO Long-Short Credit Income Fund has a one year low of $10.91 and a one year high of $13.24.

Blackstone / GSO Long-Short Credit Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, November 29th. Stockholders of record on Thursday, November 21st will be issued a $0.101 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $1.21 dividend on an annualized basis and a dividend yield of 9.61%.

About Blackstone / GSO Long-Short Credit Income Fund

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.