Blackstone / GSO Long-Short Credit Income Fund (NYSE:BGX) Short Interest Update

Blackstone / GSO Long-Short Credit Income Fund (NYSE:BGX) was the target of a large growth in short interest in the month of April. As of April 15th, there was short interest totalling 45,200 shares, a growth of 140.4% from the March 31st total of 18,800 shares. Based on an average daily volume of 57,200 shares, the days-to-cover ratio is currently 0.8 days.

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

Several institutional investors have recently added to or reduced their stakes in the company. GraniteShares Advisors LLC boosted its stake in Blackstone / GSO Long-Short Credit Income Fund by 14.6% in the 1st quarter. GraniteShares Advisors LLC now owns 147,356 shares of the company’s stock valued at $1,814,000 after purchasing an additional 18,760 shares during the period. Advisor Partners II LLC acquired a new position in Blackstone / GSO Long-Short Credit Income Fund in the 3rd quarter valued at $1,145,000. Shaker Financial Services LLC raised its holdings in Blackstone / GSO Long-Short Credit Income Fund by 8.1% in the 4th quarter. Shaker Financial Services LLC now owns 68,753 shares of the company’s stock valued at $794,000 after acquiring an additional 5,164 shares in the last quarter. International Assets Investment Management LLC acquired a new position in Blackstone / GSO Long-Short Credit Income Fund in the 4th quarter valued at $3,110,000. Finally, Nomura Holdings Inc. acquired a new position in Blackstone / GSO Long-Short Credit Income Fund in the 4th quarter valued at $125,000.

Blackstone / GSO Long-Short Credit Income Fund Stock Performance

BGX opened at $12.15 on Friday. The business has a fifty day simple moving average of $12.20 and a 200 day simple moving average of $11.77. Blackstone / GSO Long-Short Credit Income Fund has a 1 year low of $10.69 and a 1 year high of $12.44.

Blackstone / GSO Long-Short Credit Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, May 31st. Investors of record on Thursday, May 23rd will be paid a $0.105 dividend. The ex-dividend date is Wednesday, May 22nd. This represents a $1.26 annualized dividend and a yield of 10.37%.

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.