Short Interest in Blackstone / GSO Long-Short Credit Income Fund (NYSE:BGX) Drops By 31.5%

Blackstone / GSO Long-Short Credit Income Fund (NYSE:BGX) was the target of a significant decline in short interest during the month of November. As of November 15th, there was short interest totalling 20,200 shares, a decline of 31.5% from the October 31st total of 29,500 shares. Based on an average trading volume of 66,100 shares, the days-to-cover ratio is presently 0.3 days.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Tidal Investments LLC bought a new stake in Blackstone / GSO Long-Short Credit Income Fund during the first quarter worth approximately $314,000. Comerica Bank raised its holdings in Blackstone / GSO Long-Short Credit Income Fund by 11.3% during the first quarter. Comerica Bank now owns 9,800 shares of the company’s stock worth $121,000 after purchasing an additional 995 shares in the last quarter. Hennion & Walsh Asset Management Inc. bought a new stake in Blackstone / GSO Long-Short Credit Income Fund during the second quarter worth approximately $155,000. Catalina Capital Group LLC bought a new stake in Blackstone / GSO Long-Short Credit Income Fund during the second quarter worth approximately $149,000. Finally, GraniteShares Advisors LLC raised its holdings in Blackstone / GSO Long-Short Credit Income Fund by 14.3% during the second quarter. GraniteShares Advisors LLC now owns 168,356 shares of the company’s stock worth $2,093,000 after purchasing an additional 21,000 shares in the last quarter.

Blackstone / GSO Long-Short Credit Income Fund Stock Down 0.1 %

Blackstone / GSO Long-Short Credit Income Fund stock traded down $0.01 during midday trading on Friday, hitting $12.87. The stock had a trading volume of 85,110 shares, compared to its average volume of 59,707. Blackstone / GSO Long-Short Credit Income Fund has a 12 month low of $11.35 and a 12 month high of $13.24. The business has a fifty day moving average price of $12.79 and a 200 day moving average price of $12.72.

Blackstone / GSO Long-Short Credit Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Thursday, November 21st will be paid 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 yield of 9.42%.

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.