Blackstone / GSO Long-Short Credit Income Fund (NYSE:BGX) Short Interest Up 367.4% in March

Blackstone / GSO Long-Short Credit Income Fund (NYSE:BGX) was the target of a large growth in short interest during the month of March. As of March 31st, there was short interest totaling 54,263 shares, a growth of 367.4% from the March 15th total of 11,610 shares. Based on an average daily trading volume, of 98,584 shares, the short-interest ratio is presently 0.6 days.

Blackstone / GSO Long-Short Credit Income Fund Stock Performance

Shares of NYSE BGX opened at $10.91 on Monday. The company has a 50 day simple moving average of $10.91 and a 200-day simple moving average of $11.47. Blackstone / GSO Long-Short Credit Income Fund has a 1 year low of $10.38 and a 1 year high of $12.65.

Blackstone / GSO Long-Short Credit Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, May 29th. Investors of record on Thursday, May 21st will be issued a $0.07 dividend. This represents a c) annualized dividend and a yield of 7.7%. The ex-dividend date is Thursday, May 21st.

Institutional Trading of Blackstone / GSO Long-Short Credit Income Fund

Several institutional investors have recently added to or reduced their stakes in the stock. World Investment Advisors acquired a new stake in Blackstone / GSO Long-Short Credit Income Fund in the 4th quarter valued at approximately $314,000. Sit Investment Associates Inc. boosted its position in Blackstone / GSO Long-Short Credit Income Fund by 9.5% in the 4th quarter. Sit Investment Associates Inc. now owns 616,205 shares of the company’s stock valued at $7,185,000 after buying an additional 53,374 shares during the period. Invesco Ltd. boosted its position in Blackstone / GSO Long-Short Credit Income Fund by 2.2% in the 4th quarter. Invesco Ltd. now owns 290,132 shares of the company’s stock valued at $3,383,000 after buying an additional 6,364 shares during the period. Papamarkou Wellner Asset Management inc. purchased a new position in Blackstone / GSO Long-Short Credit Income Fund in the 4th quarter valued at approximately $184,000. Finally, XTX Topco Ltd purchased a new position in Blackstone / GSO Long-Short Credit Income Fund in the 4th quarter valued at approximately $137,000.

About Blackstone / GSO Long-Short Credit Income Fund

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.