Blackstone / GSO Long-Short Credit Income Fund (NYSE:BGX – Get Rating) was the recipient of a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 15,800 shares, a growth of 409.7% from the February 28th total of 3,100 shares. Based on an average trading volume of 53,700 shares, the days-to-cover ratio is currently 0.3 days.
Institutional Investors Weigh In On Blackstone / GSO Long-Short Credit Income Fund
Several institutional investors have recently made changes to their positions in the company. Logan Stone Capital LLC increased its stake in Blackstone / GSO Long-Short Credit Income Fund by 71.5% in the 4th quarter. Logan Stone Capital LLC now owns 148,348 shares of the company's stock worth $1,608,000 after buying an additional 61,826 shares during the period. Morgan Stanley increased its stake in Blackstone / GSO Long-Short Credit Income Fund by 29.5% in the 4th quarter. Morgan Stanley now owns 406,340 shares of the company's stock worth $4,405,000 after buying an additional 92,594 shares during the period. Almitas Capital LLC purchased a new position in Blackstone / GSO Long-Short Credit Income Fund in the 4th quarter worth about $265,000. Cetera Advisor Networks LLC purchased a new position in Blackstone / GSO Long-Short Credit Income Fund in the 4th quarter worth about $129,000. Finally, Sit Investment Associates Inc. increased its stake in Blackstone / GSO Long-Short Credit Income Fund by 29.6% in the 4th quarter. Sit Investment Associates Inc. now owns 697,622 shares of the company's stock worth $7,562,000 after buying an additional 159,270 shares during the period.
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Blackstone / GSO Long-Short Credit Income Fund Stock Performance
Blackstone / GSO Long-Short Credit Income Fund stock opened at $10.75 on Tuesday. The firm has a 50-day moving average price of $11.34 and a 200-day moving average price of $11.14. Blackstone / GSO Long-Short Credit Income Fund has a 12-month low of $10.58 and a 12-month high of $13.74.
Blackstone / GSO Long-Short Credit Income Fund Announces Dividend
The company also recently announced a monthly dividend, which will be paid on Wednesday, May 31st. Stockholders of record on Tuesday, May 23rd will be issued a $0.099 dividend. The ex-dividend date of this dividend is Monday, May 22nd. This represents a $1.19 annualized dividend and a dividend yield of 11.05%.
Blackstone / GSO Long-Short Credit Income Fund Company Profile
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Blackstone Long-Short Credit Income Fund is a diversified and closed-end investment management company. It engages in the provision of current income and capital appreciation. The firm involves in employing long-short strategy positions in a diversified portfolio of loans and fixed income instruments.
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