Blackstone / GSO Long-Short Credit Income Fund (NYSE:BGX) Sees Significant Growth in Short Interest

Blackstone / GSO Long-Short Credit Income Fund (NYSE:BGX) saw a large growth in short interest in the month of December. As of December 15th, there was short interest totalling 53,200 shares, a growth of 43.4% from the November 30th total of 37,100 shares. Based on an average daily volume of 66,000 shares, the short-interest ratio is currently 0.8 days.

Blackstone / GSO Long-Short Credit Income Fund Stock Up 0.4 %

BGX stock traded up $0.05 during midday trading on Monday, reaching $12.73. The company had a trading volume of 32,467 shares, compared to its average volume of 59,544. Blackstone / GSO Long-Short Credit Income Fund has a 1 year low of $11.41 and a 1 year high of $13.24. The company has a 50 day moving average of $12.81 and a two-hundred day moving average of $12.76.

Blackstone / GSO Long-Short Credit Income Fund Dividend Announcement

The company also recently announced a dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd will be given a $0.097 dividend. This represents a yield of 9.09%. The ex-dividend date of this dividend is Monday, December 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. Ausdal Financial Partners Inc. lifted its stake in shares of Blackstone / GSO Long-Short Credit Income Fund by 25.9% in the second quarter. Ausdal Financial Partners Inc. now owns 14,186 shares of the company’s stock worth $176,000 after buying an additional 2,916 shares during the last quarter. Shaker Financial Services LLC acquired a new position in shares of Blackstone / GSO Long-Short Credit Income Fund during the 3rd quarter worth about $193,000. Morse Asset Management Inc acquired a new stake in Blackstone / GSO Long-Short Credit Income Fund in the 3rd quarter valued at approximately $404,000. J.W. Cole Advisors Inc. bought a new stake in shares of Blackstone / GSO Long-Short Credit Income Fund in the third quarter valued at approximately $593,000. Finally, Drive Wealth Management LLC bought a new position in Blackstone / GSO Long-Short Credit Income Fund during the third quarter worth $1,352,000.

Blackstone / GSO Long-Short Credit Income Fund Company Profile

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.