Short Interest in Blackstone / GSO Long-Short Credit Income Fund (NYSE:BGX) Rises By 83.7%

Blackstone / GSO Long-Short Credit Income Fund (NYSE:BGX) was the recipient of a significant increase in short interest during the month of November. As of November 30th, there was short interest totalling 37,100 shares, an increase of 83.7% from the November 15th total of 20,200 shares. Based on an average daily volume of 64,800 shares, the short-interest ratio is presently 0.6 days.

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

Institutional investors have recently made changes to their positions in the stock. Comerica Bank grew its stake in shares of Blackstone / GSO Long-Short Credit Income Fund by 11.3% in the first quarter. Comerica Bank now owns 9,800 shares of the company’s stock worth $121,000 after acquiring an additional 995 shares in the last quarter. Catalina Capital Group LLC acquired a new position in Blackstone / GSO Long-Short Credit Income Fund during the 2nd quarter worth $149,000. Hennion & Walsh Asset Management Inc. purchased a new stake in Blackstone / GSO Long-Short Credit Income Fund during the 2nd quarter worth about $155,000. Ausdal Financial Partners Inc. raised its position in Blackstone / GSO Long-Short Credit Income Fund by 25.9% in the 2nd quarter. Ausdal Financial Partners Inc. now owns 14,186 shares of the company’s stock valued at $176,000 after purchasing an additional 2,916 shares in the last quarter. Finally, Shaker Financial Services LLC purchased a new position in shares of Blackstone / GSO Long-Short Credit Income Fund in the 3rd quarter valued at about $193,000.

Blackstone / GSO Long-Short Credit Income Fund Stock Up 0.7 %

Shares of BGX stock traded up $0.09 during trading on Friday, hitting $13.19. 85,107 shares of the stock traded hands, compared to its average volume of 59,915. Blackstone / GSO Long-Short Credit Income Fund has a 52-week low of $11.41 and a 52-week high of $13.24. The firm’s fifty day moving average price is $12.82 and its 200-day moving average price is $12.75.

Blackstone / GSO Long-Short Credit Income Fund Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, October 31st. Shareholders of record on Thursday, October 24th were paid a dividend of $0.101 per share. This represents a $1.21 annualized dividend and a yield of 9.19%. The ex-dividend date was Thursday, October 24th.

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.