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 September. As of September 15th, there was short interest totalling 19,600 shares, an increase of 172.2% from the August 31st total of 7,200 shares. Based on an average daily trading volume, of 48,400 shares, the days-to-cover ratio is presently 0.4 days.
Blackstone / GSO Long-Short Credit Income Fund Price Performance
BGX stock opened at $10.87 on Wednesday. Blackstone / GSO Long-Short Credit Income Fund has a 12 month low of $10.81 and a 12 month high of $15.59. The company's 50-day moving average price is $11.92 and its two-hundred day moving average price is $12.29.
Get Blackstone / GSO Long-Short Credit Income Fund alerts:Blackstone / GSO Long-Short Credit Income Fund Dividend Announcement
The company also recently announced a monthly dividend, which will be paid on Wednesday, November 30th. Shareholders of record on Tuesday, November 22nd will be issued a $0.085 dividend. This represents a $1.02 annualized dividend and a yield of 9.38%. The ex-dividend date is Monday, November 21st.
Hedge Funds Weigh In On Blackstone / GSO Long-Short Credit Income Fund
Several hedge funds have recently bought and sold shares of BGX. Wagner Wealth Management LLC acquired a new stake in shares of Blackstone / GSO Long-Short Credit Income Fund in the 2nd quarter valued at approximately $25,000. Eagle Bay Advisors LLC acquired a new stake in shares of Blackstone / GSO Long-Short Credit Income Fund in the 2nd quarter valued at approximately $104,000. Virtu Financial LLC acquired a new stake in shares of Blackstone / GSO Long-Short Credit Income Fund in the 2nd quarter valued at approximately $158,000. Segantii Capital Management Ltd boosted its stake in shares of Blackstone / GSO Long-Short Credit Income Fund by 289.2% in the 1st quarter. Segantii Capital Management Ltd now owns 13,621 shares of the company's stock valued at $183,000 after purchasing an additional 10,121 shares in the last quarter. Finally, Bluefin Capital Management LLC acquired a new stake in shares of Blackstone / GSO Long-Short Credit Income Fund in the 4th quarter valued at approximately $301,000.About Blackstone / GSO Long-Short Credit Income Fund
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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.
Further Reading
- Get a free copy of the StockNews.com research report on Blackstone / GSO Long-Short Credit Income Fund (BGX)
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