Blackstone / GSO Long-Short Credit Income Fund (NYSE:BGX) Sees Large Increase in Short Interest

by · The Cerbat Gem

Blackstone / GSO Long-Short Credit Income Fund (NYSE:BGX – Get Free Report) was the target of a significant increase in short interest during the month of February. As of February 27th, there was short interest totaling 7,864 shares, an increase of 3,275.1% from the February 12th total of 233 shares. Based on an average daily volume of 148,003 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily volume of 148,003 shares, the days-to-cover ratio is presently 0.1 days.

Blackstone / GSO Long-Short Credit Income Fund Trading Down 0.1%

NYSE:BGX traded down $0.02 on Thursday, hitting $10.70. The stock had a trading volume of 26,846 shares, compared to its average volume of 106,430. Blackstone / GSO Long-Short Credit Income Fund has a 1 year low of $10.38 and a 1 year high of $12.65. The firm’s fifty day simple moving average is $11.32 and its two-hundred day simple moving average is $11.73.

Blackstone / GSO Long-Short Credit Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 20th were issued a $0.092 dividend. The ex-dividend date of this dividend was Friday, February 20th. This represents a c) annualized dividend and a dividend yield of 10.3%.

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

Hedge funds have recently bought and sold shares of the business. Thomas J. Herzfeld Advisors Inc. bought a new position in Blackstone / GSO Long-Short Credit Income Fund in the 2nd quarter valued at $34,000. Noble Wealth Management PBC purchased a new position in shares of Blackstone / GSO Long-Short Credit Income Fund in the 4th quarter worth about $72,000. Comerica Bank grew its position in Blackstone / GSO Long-Short Credit Income Fund by 17.5% during the third quarter. Comerica Bank now owns 6,930 shares of the company’s stock valued at $83,000 after buying 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 third quarter worth about $124,000. Finally, XTX Topco Ltd bought a new stake in Blackstone / GSO Long-Short Credit Income Fund in the fourth quarter worth about $137,000.

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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