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

Blackstone / GSO Long-Short Credit Income Fund (NYSE:BGX) saw a large growth in short interest in December. As of December 15th, there was short interest totalling 53,200 shares, a growth of 43.4% from the November 30th total of 37,100 shares. Based on an average daily volume of 66,000 shares, the days-to-cover ratio is presently 0.8 days.

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

A number of large investors have recently added to or reduced their stakes in BGX. Morse Asset Management Inc acquired a new stake in Blackstone / GSO Long-Short Credit Income Fund during the 3rd quarter valued at $404,000. Advisors Asset Management Inc. boosted its stake in shares of Blackstone / GSO Long-Short Credit Income Fund by 0.8% during the third quarter. Advisors Asset Management Inc. now owns 337,485 shares of the company’s stock valued at $4,316,000 after acquiring an additional 2,656 shares during the last quarter. Landscape Capital Management L.L.C. boosted its stake in shares of Blackstone / GSO Long-Short Credit Income Fund by 2.7% during the third quarter. Landscape Capital Management L.L.C. now owns 153,631 shares of the company’s stock valued at $1,965,000 after acquiring an additional 4,028 shares during the last quarter. Drive Wealth Management LLC purchased a new stake in Blackstone / GSO Long-Short Credit Income Fund during the 3rd quarter worth about $1,352,000. Finally, Shaker Financial Services LLC acquired a new position in Blackstone / GSO Long-Short Credit Income Fund in the 3rd quarter valued at about $193,000.

Blackstone / GSO Long-Short Credit Income Fund Stock Performance

Shares of NYSE:BGX traded up $0.04 on Monday, reaching $12.72. 33,353 shares of the company were exchanged, compared to its average volume of 59,555. Blackstone / GSO Long-Short Credit Income Fund has a 1-year low of $11.41 and a 1-year high of $13.24. The company has a 50-day moving average of $12.81 and a 200-day moving average of $12.76.

Blackstone / GSO Long-Short Credit Income Fund Dividend Announcement

The company also recently declared a dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd will be given a $0.097 dividend. This represents a dividend yield of 9.09%. The ex-dividend date of this dividend is Monday, December 23rd.

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.