Blackstone / GSO Long-Short Credit Income Fund (NYSE:BGX – Get Free Report) was the target of a significant drop in short interest in the month of February. As of February 28th, there was short interest totalling 27,300 shares, a drop of 36.5% from the February 13th total of 43,000 shares. Based on an average daily volume of 76,800 shares, the days-to-cover ratio is presently 0.4 days.
Blackstone / GSO Long-Short Credit Income Fund Trading Up 0.3 %
Shares of Blackstone / GSO Long-Short Credit Income Fund stock traded up $0.04 on Friday, hitting $12.48. 67,308 shares of the company traded hands, compared to its average volume of 63,042. Blackstone / GSO Long-Short Credit Income Fund has a 12-month low of $12.09 and a 12-month high of $13.24. The company has a 50-day moving average price of $12.71 and a 200 day moving average price of $12.79.
Blackstone / GSO Long-Short Credit Income Fund Dividend Announcement
The company also recently declared a monthly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 21st were issued a dividend of $0.194 per share. The ex-dividend date was Friday, February 21st. This represents a $2.33 annualized dividend and a dividend yield of 18.66%.
Hedge Funds Weigh In On Blackstone / GSO Long-Short Credit Income Fund
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.
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