Blackstone / GSO Long-Short Credit Income Fund (NYSE:BGX) Sees Significant Increase in Short Interest

Blackstone / GSO Long-Short Credit Income Fund (NYSE:BGX) was the recipient of a large increase in short interest during the month of January. As of January 15th, there was short interest totaling 3,224 shares, an increase of 108.7% from the December 31st total of 1,545 shares. Based on an average trading volume of 69,064 shares, the days-to-cover ratio is currently 0.0 days. Based on an average trading volume of 69,064 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Choreo LLC bought a new position in shares of Blackstone / GSO Long-Short Credit Income Fund during the 3rd quarter valued at about $252,000. Adapt Wealth Advisors LLC purchased a new stake in Blackstone / GSO Long-Short Credit Income Fund in the third quarter worth approximately $1,268,000. Envestnet Asset Management Inc. grew its position in Blackstone / GSO Long-Short Credit Income Fund by 434.0% during the third quarter. Envestnet Asset Management Inc. now owns 208,086 shares of the company’s stock valued at $2,497,000 after acquiring an additional 169,118 shares during the last quarter. Wolverine Asset Management LLC raised its stake in shares of Blackstone / GSO Long-Short Credit Income Fund by 2.3% during the third quarter. Wolverine Asset Management LLC now owns 64,184 shares of the company’s stock worth $770,000 after acquiring an additional 1,413 shares in the last quarter. Finally, Ethos Financial Group LLC bought a new stake in shares of Blackstone / GSO Long-Short Credit Income Fund in the 3rd quarter worth approximately $159,000.

Blackstone / GSO Long-Short Credit Income Fund Stock Performance

BGX stock opened at $11.54 on Friday. The company’s 50 day moving average is $11.73 and its 200 day moving average is $12.01. Blackstone / GSO Long-Short Credit Income Fund has a 1-year low of $10.71 and a 1-year high of $13.02.

Blackstone / GSO Long-Short Credit Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 20th will be given a dividend of $0.092 per share. The ex-dividend date is Friday, February 20th. This represents a c) annualized dividend and a dividend yield of 9.6%.

Blackstone / GSO Long-Short Credit Income Fund Company Profile

Blackstone/GSO Long-Short Credit Income Fund (NYSE: BGX) is a closed-end management investment company that seeks to generate high current income and total return through a flexible, actively managed credit strategy. Listed on the New York Stock Exchange, the fund is externally managed by Blackstone Credit (formerly GSO Capital Partners), the credit investment platform of Blackstone Inc By combining long and short positions in corporate credit instruments, BGX aims to capitalize on inefficiencies across credit markets while managing downside risk.

The fund’s core investment activities encompass a diverse range of credit instruments, including senior secured loans, high-yield bonds, convertible securities and structured products.