Blackstone / GSO Long-Short Credit Income Fund (NYSE:BGX) Trading Up 0.4% – Should You Buy?

Blackstone / GSO Long-Short Credit Income Fund (NYSE:BGX)’s share price rose 0.4% on Tuesday . The company traded as high as $12.96 and last traded at $12.92. Approximately 71,369 shares traded hands during mid-day trading, a decline of 4% from the average daily volume of 74,540 shares. The stock had previously closed at $12.87.

Blackstone / GSO Long-Short Credit Income Fund Price Performance

The business has a 50 day simple moving average of $12.80 and a two-hundred day simple moving average of $12.80.

Blackstone / GSO Long-Short Credit Income Fund Dividend Announcement

The company also recently declared a dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 21st will be issued a $0.097 dividend. The ex-dividend date of this dividend is Friday, February 21st. This represents a dividend yield of 9.09%.

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

Several institutional investors have recently made changes to their positions in the company. Raymond James Financial Inc. bought a new position in Blackstone / GSO Long-Short Credit Income Fund in the fourth quarter worth approximately $153,000. US Bancorp DE bought a new position in shares of Blackstone / GSO Long-Short Credit Income Fund in the 4th quarter worth $45,000. J.W. Cole Advisors Inc. lifted its stake in shares of Blackstone / GSO Long-Short Credit Income Fund by 75.5% during the 4th quarter. J.W. Cole Advisors Inc. now owns 81,375 shares of the company’s stock worth $1,012,000 after purchasing an additional 35,006 shares during the last quarter. Janney Montgomery Scott LLC bought a new stake in Blackstone / GSO Long-Short Credit Income Fund during the fourth quarter valued at about $288,000. Finally, Drive Wealth Management LLC grew its stake in Blackstone / GSO Long-Short Credit Income Fund by 19.7% in the fourth quarter. Drive Wealth Management LLC now owns 126,484 shares of the company’s stock valued at $1,585,000 after purchasing an additional 20,803 shares during the last quarter.

About Blackstone / GSO Long-Short Credit Income Fund

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.