Short Interest in Blackstone / GSO Long-Short Credit Income Fund (NYSE:BGX) Rises By 70.0%

Blackstone / GSO Long-Short Credit Income Fund (NYSE:BGX) saw a significant growth in short interest in the month of February. As of February 15th, there was short interest totalling 43,000 shares, a growth of 70.0% from the January 31st total of 25,300 shares. Based on an average daily volume of 74,600 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. US Bancorp DE acquired a new stake in Blackstone / GSO Long-Short Credit Income Fund in the fourth quarter worth about $45,000. Raymond James Financial Inc. acquired a new stake in shares of Blackstone / GSO Long-Short Credit Income Fund in the 4th quarter worth approximately $153,000. Shaker Financial Services LLC bought a new position in shares of Blackstone / GSO Long-Short Credit Income Fund in the third quarter valued at approximately $193,000. Janney Montgomery Scott LLC acquired a new position in shares of Blackstone / GSO Long-Short Credit Income Fund during the fourth quarter valued at approximately $288,000. Finally, Morse Asset Management Inc bought a new stake in Blackstone / GSO Long-Short Credit Income Fund during the third quarter worth approximately $404,000.

Blackstone / GSO Long-Short Credit Income Fund Stock Performance

Shares of NYSE BGX traded down $0.13 during midday trading on Tuesday, hitting $12.53. 49,104 shares of the company’s stock were exchanged, compared to its average volume of 62,050. Blackstone / GSO Long-Short Credit Income Fund has a twelve month low of $12.09 and a twelve month high of $13.24. The stock’s 50 day moving average price is $12.74 and its 200-day moving average price is $12.81.

Blackstone / GSO Long-Short Credit Income Fund Announces Dividend

The firm also recently declared a dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 21st were given a dividend of $0.097 per share. The ex-dividend date of this dividend was Friday, February 21st. This represents a yield of 9.09%.

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.