Short Interest in Blackstone / GSO Long-Short Credit Income Fund (NYSE:BGX) Drops By 64.6%

by · The Cerbat Gem

Blackstone / GSO Long-Short Credit Income Fund (NYSE:BGX – Get Free Report) was the recipient of a large drop in short interest during the month of June. As of June 15th, there was short interest totaling 8,458 shares, a drop of 64.6% from the May 31st total of 23,896 shares. Based on an average trading volume of 56,746 shares, the days-to-cover ratio is presently 0.1 days.

Blackstone / GSO Long-Short Credit Income Fund Price Performance

BGX opened at $10.84 on Friday. The firm has a 50 day moving average price of $10.89 and a 200-day moving average price of $11.13. Blackstone / GSO Long-Short Credit Income Fund has a twelve month low of $10.38 and a twelve month high of $12.65.

Blackstone / GSO Long-Short Credit Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 24th will be paid a $0.082 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 9.1%. The ex-dividend date is Monday, August 24th.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of BGX. Noble Wealth Management PBC purchased a new position in Blackstone / GSO Long-Short Credit Income Fund in the fourth quarter worth about $72,000. Comerica Bank boosted its holdings in shares of 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 worth $83,000 after buying an additional 1,031 shares during the last quarter. First Trust Advisors LP bought a new stake in Blackstone / GSO Long-Short Credit Income Fund during the third quarter valued at approximately $124,000. XTX Topco Ltd purchased a new stake in Blackstone / GSO Long-Short Credit Income Fund during the fourth quarter valued at approximately $137,000. Finally, Marex Group plc bought a new stake in shares of Blackstone / GSO Long-Short Credit Income Fund during the 4th quarter valued at $143,000.

About Blackstone / GSO Long-Short Credit Income Fund

(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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