Short Interest in Blackstone / GSO Long-Short Credit Income Fund (NYSE:BGX) Increases By 145.3%

Blackstone / GSO Long-Short Credit Income Fund (NYSE:BGXGet Rating) saw a large growth in short interest during the month of April. As of April 15th, there was short interest totalling 13,000 shares, a growth of 145.3% from the March 31st total of 5,300 shares. Based on an average daily trading volume, of 52,700 shares, the days-to-cover ratio is presently 0.2 days.

Shares of NYSE:BGX opened at $13.08 on Friday. The company has a 50-day moving average price of $13.43 and a 200-day moving average price of $14.34. Blackstone / GSO Long-Short Credit Income Fund has a 12 month low of $13.00 and a 12 month high of $15.59.

The firm also recently declared a monthly dividend, which will be paid on Tuesday, May 31st. Investors of record on Monday, May 23rd will be issued a dividend of $0.073 per share. The ex-dividend date is Friday, May 20th. This represents a $0.88 dividend on an annualized basis and a yield of 6.70%.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. AllSquare Wealth Management LLC lifted its holdings in Blackstone / GSO Long-Short Credit Income Fund by 81.8% in the 3rd quarter. AllSquare Wealth Management LLC now owns 2,000 shares of the company’s stock worth $30,000 after buying an additional 900 shares during the period. Segantii Capital Management Ltd purchased a new stake in Blackstone / GSO Long-Short Credit Income Fund in the fourth quarter worth $51,000. Oppenheimer & Co. Inc. boosted its holdings in Blackstone / GSO Long-Short Credit Income Fund by 19.8% in the fourth quarter. Oppenheimer & Co. Inc. now owns 30,272 shares of the company’s stock valued at $445,000 after acquiring an additional 5,000 shares in the last quarter. Morgan Stanley increased its position in Blackstone / GSO Long-Short Credit Income Fund by 1.6% during the 3rd quarter. Morgan Stanley now owns 315,329 shares of the company’s stock valued at $4,784,000 after purchasing an additional 5,111 shares during the period. Finally, Spire Wealth Management raised its holdings in Blackstone / GSO Long-Short Credit Income Fund by 17.2% in the 4th quarter. Spire Wealth Management now owns 38,796 shares of the company’s stock worth $570,000 after purchasing an additional 5,698 shares in the last quarter.

Blackstone / GSO Long-Short Credit Income Fund Company Profile (Get Rating)

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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