Blackstone / GSO Long-Short Credit Income Fund (NYSE:BGX – Get Rating) was the recipient of a large increase in short interest in the month of July. As of July 31st, there was short interest totalling 13,300 shares, an increase of 18.8% from the July 15th total of 11,200 shares. Based on an average daily volume of 45,900 shares, the short-interest ratio is presently 0.3 days.
Blackstone / GSO Long-Short Credit Income Fund Price Performance
Shares of BGX stock traded down $0.04 during trading hours on Monday, reaching $12.77. 41,136 shares of the stock were exchanged, compared to its average volume of 49,554. Blackstone / GSO Long-Short Credit Income Fund has a 12-month low of $11.35 and a 12-month high of $15.59. The company's 50-day moving average price is $11.85 and its 200-day moving average price is $12.76.
Get Blackstone / GSO Long-Short Credit Income Fund alerts:Blackstone / GSO Long-Short Credit Income Fund Dividend Announcement
The company also recently declared a monthly dividend, which will be paid on Wednesday, August 31st. Investors of record on Wednesday, August 24th will be paid a dividend of $0.079 per share. The ex-dividend date is Tuesday, August 23rd. This represents a $0.95 dividend on an annualized basis and a dividend yield of 7.42%.
Institutional Investors Weigh In On Blackstone / GSO Long-Short Credit Income Fund
Several large investors have recently added to or reduced their stakes in BGX. Janney Montgomery Scott LLC boosted its position in Blackstone / GSO Long-Short Credit Income Fund by 421.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 289,640 shares of the company's stock valued at $3,893,000 after buying an additional 234,049 shares during the period. Rivernorth Capital Management LLC purchased a new stake in Blackstone / GSO Long-Short Credit Income Fund in the 1st quarter valued at about $3,102,000. Next Capital Management LLC purchased a new stake in Blackstone / GSO Long-Short Credit Income Fund in the 2nd quarter valued at about $2,640,000. Shaker Financial Services LLC purchased a new stake in Blackstone / GSO Long-Short Credit Income Fund in the 4th quarter valued at about $1,463,000. Finally, Advisors Asset Management Inc. boosted its position in Blackstone / GSO Long-Short Credit Income Fund by 26.7% in the 1st quarter. Advisors Asset Management Inc. now owns 293,662 shares of the company's stock valued at $3,947,000 after buying an additional 61,883 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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