Blackstone / GSO Long-Short Credit Income Fund (NYSE:BGX) Trading 0.2% Higher – Time to Buy?

Blackstone / GSO Long-Short Credit Income Fund (NYSE:BGX)’s stock price rose 0.2% during trading on Tuesday . The stock traded as high as $11.89 and last traded at $11.8650. Approximately 72,048 shares were traded during trading, a decline of 1% from the average daily volume of 72,827 shares. The stock had previously closed at $11.84.

Blackstone / GSO Long-Short Credit Income Fund Trading Up 0.2%

The business has a 50-day moving average price of $11.80 and a two-hundred day moving average price of $12.17.

Blackstone / GSO Long-Short Credit Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Friday, November 28th. Investors of record on Thursday, November 20th were issued a $0.081 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 8.2%. The ex-dividend date of this dividend was Thursday, November 20th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Thomas J. Herzfeld Advisors Inc. bought a new stake in shares of Blackstone / GSO Long-Short Credit Income Fund during the second quarter valued at approximately $34,000. Comerica Bank increased its position in Blackstone / GSO Long-Short Credit Income Fund by 17.5% in the 3rd quarter. Comerica Bank now owns 6,930 shares of the company’s stock valued at $83,000 after acquiring an additional 1,031 shares during the period. Wolverine Asset Management LLC bought a new stake in Blackstone / GSO Long-Short Credit Income Fund during the 1st quarter valued at $100,000. First Trust Advisors LP acquired a new position in Blackstone / GSO Long-Short Credit Income Fund during the 3rd quarter worth $124,000. Finally, Ethos Financial Group LLC acquired a new position in Blackstone / GSO Long-Short Credit Income Fund during the 3rd quarter worth $159,000.

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.