Blackstone / GSO Long-Short Credit Income Fund (NYSE:BGX) Short Interest Down 94.0% in December

Blackstone / GSO Long-Short Credit Income Fund (NYSE:BGX) was the target of a significant decline in short interest in December. As of December 31st, there was short interest totaling 1,545 shares, a decline of 94.0% from the December 15th total of 25,892 shares. Based on an average trading volume of 77,932 shares, the short-interest ratio is currently 0.0 days. Based on an average trading volume of 77,932 shares, the short-interest ratio is currently 0.0 days.

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

Institutional investors and hedge funds have recently bought and sold shares of the stock. Guggenheim Capital LLC boosted its holdings in shares of Blackstone / GSO Long-Short Credit Income Fund by 22.2% during the 2nd quarter. Guggenheim Capital LLC now owns 901,070 shares of the company’s stock valued at $11,182,000 after purchasing an additional 163,743 shares during the last quarter. Invesco Ltd. lifted its position in shares of Blackstone / GSO Long-Short Credit Income Fund by 8.2% in the second quarter. Invesco Ltd. now owns 294,313 shares of the company’s stock worth $3,652,000 after buying an additional 22,240 shares in the last quarter. Pathstone Holdings LLC boosted its stake in Blackstone / GSO Long-Short Credit Income Fund by 7.2% during the third quarter. Pathstone Holdings LLC now owns 240,673 shares of the company’s stock valued at $2,888,000 after buying an additional 16,267 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake 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 buying an additional 169,118 shares during the last quarter. Finally, Drive Wealth Management LLC increased its stake in Blackstone / GSO Long-Short Credit Income Fund by 10.9% in the 2nd quarter. Drive Wealth Management LLC now owns 176,966 shares of the company’s stock worth $2,196,000 after acquiring an additional 17,349 shares during the last quarter.

Blackstone / GSO Long-Short Credit Income Fund Stock Performance

Shares of NYSE:BGX traded down $0.02 during trading on Wednesday, hitting $11.73. 24,203 shares of the company’s stock were exchanged, compared to its average volume of 71,800. The business’s 50-day simple moving average is $11.76 and its 200 day simple moving average is $12.08. Blackstone / GSO Long-Short Credit Income Fund has a 52-week low of $10.71 and a 52-week high of $13.02.

Blackstone / GSO Long-Short Credit Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 20th will be issued a $0.092 dividend. This represents a c) annualized dividend and a dividend yield of 9.4%. The ex-dividend date of this dividend is Friday, February 20th.

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.