Blackstone / GSO Long-Short Credit Income Fund (NYSE:BGX) Short Interest Down 44.8% in December

Blackstone / GSO Long-Short Credit Income Fund (NYSE:BGX) was the target of a significant decrease in short interest in December. As of December 15th, there was short interest totaling 25,892 shares, a decrease of 44.8% from the November 30th total of 46,881 shares. Based on an average daily volume of 78,437 shares, the short-interest ratio is currently 0.3 days. Based on an average daily volume of 78,437 shares, the short-interest ratio is currently 0.3 days.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Thomas J. Herzfeld Advisors Inc. purchased a new stake in shares of Blackstone / GSO Long-Short Credit Income Fund during the second quarter valued at $34,000. Comerica Bank lifted its position in Blackstone / GSO Long-Short Credit Income Fund by 17.5% during the 3rd quarter. Comerica Bank now owns 6,930 shares of the company’s stock worth $83,000 after acquiring an additional 1,031 shares during the period. First Trust Advisors LP purchased a new stake in Blackstone / GSO Long-Short Credit Income Fund during the 3rd quarter valued at about $124,000. Ethos Financial Group LLC acquired a new position in shares of Blackstone / GSO Long-Short Credit Income Fund in the third quarter valued at about $159,000. Finally, Raymond James Financial Inc. lifted its holdings in shares of Blackstone / GSO Long-Short Credit Income Fund by 15.1% during the second quarter. Raymond James Financial Inc. now owns 12,848 shares of the company’s stock worth $159,000 after purchasing an additional 1,684 shares during the period.

Blackstone / GSO Long-Short Credit Income Fund Price Performance

Blackstone / GSO Long-Short Credit Income Fund stock opened at $11.77 on Friday. Blackstone / GSO Long-Short Credit Income Fund has a 1-year low of $10.71 and a 1-year high of $13.02. The business has a fifty day moving average price of $11.78 and a 200-day moving average price of $12.13.

Blackstone / GSO Long-Short Credit Income Fund Dividend Announcement

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 issued 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 9.4%.

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.