Blackstone / GSO Long-Short Credit Income Fund (NYSE:BGX) Short Interest Down 54.1% in September

Blackstone / GSO Long-Short Credit Income Fund (NYSE:BGX) saw a significant decrease in short interest in September. As of September 30th, there was short interest totaling 10,100 shares, a decrease of 54.1% from the September 15th total of 22,000 shares. Based on an average daily trading volume, of 79,700 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily trading volume, of 79,700 shares, the days-to-cover ratio is currently 0.1 days.

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

A number of large investors have recently made changes to their positions in BGX. J.W. Cole Advisors Inc. increased its holdings in shares of Blackstone / GSO Long-Short Credit Income Fund by 32.8% in the 1st quarter. J.W. Cole Advisors Inc. now owns 108,066 shares of the company’s stock valued at $1,335,000 after purchasing an additional 26,691 shares during the period. Drive Wealth Management LLC increased its holdings in shares of Blackstone / GSO Long-Short Credit Income Fund by 26.2% in the 1st quarter. Drive Wealth Management LLC now owns 159,617 shares of the company’s stock valued at $1,971,000 after purchasing an additional 33,133 shares during the period. Shaker Financial Services LLC increased its holdings in shares of Blackstone / GSO Long-Short Credit Income Fund by 11.9% in the 1st quarter. Shaker Financial Services LLC now owns 77,174 shares of the company’s stock valued at $953,000 after purchasing an additional 8,190 shares during the period. Wolverine Asset Management LLC acquired a new position in shares of Blackstone / GSO Long-Short Credit Income Fund in the 1st quarter valued at about $100,000. Finally, Invesco Ltd. increased its holdings in shares of Blackstone / GSO Long-Short Credit Income Fund by 1.7% in the 1st quarter. Invesco Ltd. now owns 272,073 shares of the company’s stock valued at $3,360,000 after purchasing an additional 4,569 shares during the period.

Blackstone / GSO Long-Short Credit Income Fund Stock Down 0.4%

BGX stock opened at $11.62 on Monday. Blackstone / GSO Long-Short Credit Income Fund has a one year low of $10.71 and a one year high of $13.22. The firm has a 50-day moving average of $12.24 and a two-hundred day moving average of $12.20.

Blackstone / GSO Long-Short Credit Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, November 28th. Stockholders of record on Thursday, November 20th will be issued a $0.081 dividend. The ex-dividend date is Thursday, November 20th. This represents a c) dividend on an annualized basis and a dividend yield of 8.4%.

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.