Blackstone / GSO Long-Short Credit Income Fund (NYSE:BGX – Get Free Report) was the target of a significant growth in short interest in April. As of April 15th, there was short interest totalling 45,200 shares, a growth of 140.4% from the March 31st total of 18,800 shares. Based on an average daily volume of 57,200 shares, the days-to-cover ratio is currently 0.8 days.
Blackstone / GSO Long-Short Credit Income Fund Stock Performance
Shares of NYSE BGX opened at $12.15 on Friday. The business has a fifty day simple moving average of $12.20 and a 200 day simple moving average of $11.77. Blackstone / GSO Long-Short Credit Income Fund has a one year low of $10.69 and a one year high of $12.44.
Blackstone / GSO Long-Short Credit Income Fund Announces Dividend
The company also recently announced a monthly dividend, which will be paid on Friday, May 31st. Investors of record on Thursday, May 23rd will be paid a $0.105 dividend. The ex-dividend date of this dividend is Wednesday, May 22nd. This represents a $1.26 dividend on an annualized basis and a dividend yield of 10.37%.
Institutional Inflows and Outflows
About Blackstone / GSO Long-Short Credit Income Fund
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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