Blackstone / GSO Long-Short Credit Income Fund (NYSE:BGX) Trading Down 0.1% – Time to Sell?

Blackstone / GSO Long-Short Credit Income Fund (NYSE:BGX) fell 0.1% during mid-day trading on Tuesday . The stock traded as low as $12.28 and last traded at $12.29. 24,822 shares were traded during mid-day trading, a decline of 62% from the average session volume of 65,178 shares. The stock had previously closed at $12.30.

Blackstone / GSO Long-Short Credit Income Fund Price Performance

The firm has a 50-day moving average of $12.05 and a 200-day moving average of $12.52.

Blackstone / GSO Long-Short Credit Income Fund Announces Dividend

The company also recently announced a dividend, which was paid on Monday, March 31st. Investors of record on Tuesday, March 25th were given a $0.086 dividend. This represents a dividend yield of 8.34%. The ex-dividend date of this dividend was Monday, March 24th.

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

Several hedge funds have recently made changes to their positions in BGX. US Bancorp DE acquired a new position in shares of Blackstone / GSO Long-Short Credit Income Fund in the 4th quarter valued at $45,000. Wolverine Asset Management LLC acquired a new stake in Blackstone / GSO Long-Short Credit Income Fund during the 1st quarter worth about $100,000. Raymond James Financial Inc. acquired a new stake in Blackstone / GSO Long-Short Credit Income Fund during the 4th quarter worth about $153,000. Virtu Financial LLC acquired a new stake in Blackstone / GSO Long-Short Credit Income Fund during the 1st quarter worth about $176,000. Finally, Janney Montgomery Scott LLC acquired a new stake in Blackstone / GSO Long-Short Credit Income Fund during the 4th quarter worth about $288,000.

Blackstone / GSO Long-Short Credit Income Fund Company Profile

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.