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

by · The Markets Daily

Blackstone / GSO Long-Short Credit Income Fund (NYSE:BGX – Get Free Report) saw a significant decrease in short interest during the month of August. As of August 31st, there was short interest totaling 2,392 shares, a decrease of 92.3% from the August 15th total of 31,253 shares. Based on an average daily volume of 72,057 shares, the days-to-cover ratio is currently 0.0 days.

Blackstone / GSO Long-Short Credit Income Fund Price Performance

BGX traded down $0.03 during midday trading on Thursday, hitting $10.63. 62,203 shares of the company were exchanged, compared to its average volume of 75,351. The company’s 50 day simple moving average is $10.78 and its 200 day simple moving average is $10.82. Blackstone / GSO Long-Short Credit Income Fund has a 1-year low of $10.38 and a 1-year high of $12.60.

Blackstone / GSO Long-Short Credit Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Monday, August 31st. Stockholders of record on Monday, August 24th were paid a $0.082 dividend. The ex-dividend date was Monday, August 24th. This represents a c) dividend on an annualized basis and a dividend yield of 9.3%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of BGX. Comerica Bank lifted its holdings in Blackstone / GSO Long-Short Credit Income Fund by 17.5% in the third quarter. Comerica Bank now owns 6,930 shares of the company’s stock valued at $83,000 after acquiring an additional 1,031 shares during the period. First Trust Advisors LP acquired a new stake in shares of Blackstone / GSO Long-Short Credit Income Fund during the 3rd quarter worth approximately $124,000. XTX Topco Ltd acquired a new stake in shares of Blackstone / GSO Long-Short Credit Income Fund during the 4th quarter worth approximately $137,000. Marex Group plc purchased a new position in shares of Blackstone / GSO Long-Short Credit Income Fund during the 4th quarter valued at approximately $143,000. Finally, Raymond James Financial Inc. increased its holdings in shares of Blackstone / GSO Long-Short Credit Income Fund by 15.1% during the 2nd quarter. Raymond James Financial Inc. now owns 12,848 shares of the company’s stock valued at $159,000 after purchasing an additional 1,684 shares in the last quarter.

Blackstone / GSO Long-Short Credit Income Fund Company Profile

(Get Free Report)

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.

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