Blackstone/GSO Strategic Credit Fund (NYSE:BGB – Get Rating) saw a large growth in short interest during the month of June. As of June 15th, there was short interest totalling 167,100 shares, a growth of 24.1% from the May 31st total of 134,600 shares. Based on an average daily volume of 132,700 shares, the short-interest ratio is presently 1.3 days.

Institutional investors have recently added to or reduced their stakes in the business. Wintrust Investments LLC acquired a new stake in shares of Blackstone/GSO Strategic Credit Fund during the 4th quarter worth about $163,000. HighTower Advisors LLC acquired a new stake in shares of Blackstone/GSO Strategic Credit Fund during the 4th quarter worth about $169,000. Round Rock Advisors LLC acquired a new stake in shares of Blackstone/GSO Strategic Credit Fund during the 4th quarter worth about $185,000. Eagle Bay Advisors LLC boosted its stake in shares of Blackstone/GSO Strategic Credit Fund by 13.9% during the 1st quarter. Eagle Bay Advisors LLC now owns 14,059 shares of the company's stock worth $183,000 after purchasing an additional 1,719 shares during the last quarter. Finally, FirstPurpose Wealth LLC acquired a new stake in shares of Blackstone/GSO Strategic Credit Fund during the 4th quarter worth about $202,000.

Blackstone/GSO Strategic Credit Fund stock opened at $11.16 on Wednesday. Blackstone/GSO Strategic Credit Fund has a 12-month low of $10.88 and a 12-month high of $14.14. The firm's 50-day moving average is $11.70 and its two-hundred day moving average is $12.66.

About Blackstone/GSO Strategic Credit Fund (Get Rating)

Blackstone/GSO Strategic Credit Fund is a close ended fixed income mutual fund launched and managed by GSO / Blackstone Debt Funds Management LLC. It invests in the fixed income markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in the loans and other fixed income instruments including first- and second-lien secured loans and high-yield corporate bonds of different maturities.

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