Blackstone / GSO Long-Short Credit Income Fund (NYSE:BGX) Trading Down 0.1% – Here’s What Happened

Blackstone / GSO Long-Short Credit Income Fund (NYSE:BGX)’s share price was down 0.1% during trading on Friday . The company traded as low as $12.26 and last traded at $12.35. Approximately 30,911 shares changed hands during mid-day trading, a decline of 56% from the average daily volume of 70,196 shares. The stock had previously closed at $12.36.

Blackstone / GSO Long-Short Credit Income Fund Stock Down 0.1%

The stock has a 50 day simple moving average of $12.48 and a 200 day simple moving average of $12.27.

Blackstone / GSO Long-Short Credit Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, November 28th. Stockholders of record on Thursday, November 20th will be given a $0.081 dividend. The ex-dividend date is Thursday, November 20th. This represents a c) annualized dividend and a dividend yield of 7.9%.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BGX. Osaic Holdings Inc. lifted its stake in Blackstone / GSO Long-Short Credit Income Fund by 9.3% during the second quarter. Osaic Holdings Inc. now owns 15,885 shares of the company’s stock worth $197,000 after purchasing an additional 1,351 shares during the last quarter. Raymond James Financial Inc. raised its position in Blackstone / GSO Long-Short Credit Income Fund by 15.1% during the 2nd quarter. Raymond James Financial Inc. now owns 12,848 shares of the company’s stock valued at $159,000 after purchasing an additional 1,684 shares during the last quarter. Shaker Financial Services LLC grew its holdings in shares of Blackstone / GSO Long-Short Credit Income Fund by 2.6% during the 2nd quarter. Shaker Financial Services LLC now owns 79,194 shares of the company’s stock worth $983,000 after acquiring an additional 2,020 shares during the period. Cetera Investment Advisers grew its holdings in shares of Blackstone / GSO Long-Short Credit Income Fund by 8.3% during the 2nd quarter. Cetera Investment Advisers now owns 33,568 shares of the company’s stock worth $417,000 after acquiring an additional 2,566 shares during the period. Finally, Thomas J. Herzfeld Advisors Inc. purchased a new stake in shares of Blackstone / GSO Long-Short Credit Income Fund in the 2nd quarter worth approximately $34,000.

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.