Blackstone / GSO Long-Short Credit Income Fund (NYSE:BGX – Get Rating) was up 1.6% during mid-day trading on Thursday . The company traded as high as $11.76 and last traded at $11.76. Approximately 55,921 shares traded hands during mid-day trading, an increase of 15% from the average daily volume of 48,818 shares. The stock had previously closed at $11.57.
Blackstone / GSO Long-Short Credit Income Fund Price Performance
The stock's 50 day simple moving average is $11.85 and its 200-day simple moving average is $13.05.
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Blackstone / GSO Long-Short Credit Income Fund Dividend Announcement
The firm also recently announced a monthly dividend, which will be paid on Wednesday, August 31st. Shareholders of record on Wednesday, August 24th will be paid a $0.079 dividend. This represents a $0.95 dividend on an annualized basis and a yield of 8.10%. The ex-dividend date is Tuesday, August 23rd.
Institutional Trading of Blackstone / GSO Long-Short Credit Income Fund
A number of institutional investors have recently added to or reduced their stakes in the business. Advisors Asset Management Inc. lifted its stake in Blackstone / GSO Long-Short Credit Income Fund by 26.7% in the first quarter. Advisors Asset Management Inc. now owns 293,662 shares of the company's stock valued at $3,947,000 after acquiring an additional 61,883 shares during the last quarter. Janney Montgomery Scott LLC raised its position in shares of Blackstone / GSO Long-Short Credit Income Fund by 421.0% in the first quarter. Janney Montgomery Scott LLC now owns 289,640 shares of the company's stock valued at $3,893,000 after purchasing an additional 234,049 shares during the period. Rivernorth Capital Management LLC bought a new position in shares of Blackstone / GSO Long-Short Credit Income Fund in the first quarter valued at approximately $3,102,000. Next Capital Management LLC bought a new position in shares of Blackstone / GSO Long-Short Credit Income Fund in the second quarter valued at approximately $2,640,000. Finally, Cohen & Steers Inc. raised its position in shares of Blackstone / GSO Long-Short Credit Income Fund by 1.1% in the first quarter. Cohen & Steers Inc. now owns 214,821 shares of the company's stock valued at $2,887,000 after purchasing an additional 2,234 shares during the period.
Blackstone / GSO Long-Short Credit Income Fund Company Profile
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Blackstone / GSO Long-Short Credit Income Fund is a close-ended fixed income mutual fund launched by The Blackstone Group LP. The fund is managed by GSO / Blackstone Debt Funds Management LLC. It takes both long and short positions to invest in the fixed income markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors.
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