Blackstone / GSO Long-Short Credit Income Fund (NYSE:BGX) Short Interest Update

Blackstone / GSO Long-Short Credit Income Fund (NYSE:BGX) was the recipient of a significant decline in short interest in the month of February. As of February 28th, there was short interest totalling 27,300 shares, a decline of 36.5% from the February 13th total of 43,000 shares. Based on an average trading volume of 76,800 shares, the short-interest ratio is presently 0.4 days.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Advisors Asset Management Inc. lifted its stake in shares of Blackstone / GSO Long-Short Credit Income Fund by 0.8% in the 3rd quarter. Advisors Asset Management Inc. now owns 337,485 shares of the company’s stock valued at $4,316,000 after purchasing an additional 2,656 shares during the period. Cetera Investment Advisers boosted its stake in shares of Blackstone / GSO Long-Short Credit Income Fund by 7.6% during the 4th quarter. Cetera Investment Advisers now owns 39,444 shares of the company’s stock worth $491,000 after buying an additional 2,800 shares during the last quarter. US Bancorp DE acquired a new position in shares of Blackstone / GSO Long-Short Credit Income Fund during the 4th quarter worth about $45,000. Landscape Capital Management L.L.C. lifted its stake in Blackstone / GSO Long-Short Credit Income Fund by 2.7% in the 3rd quarter. Landscape Capital Management L.L.C. now owns 153,631 shares of the company’s stock valued at $1,965,000 after purchasing an additional 4,028 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its stake in Blackstone / GSO Long-Short Credit Income Fund by 8.5% in the 4th quarter. Envestnet Asset Management Inc. now owns 55,162 shares of the company’s stock valued at $686,000 after purchasing an additional 4,336 shares during the last quarter.

Blackstone / GSO Long-Short Credit Income Fund Trading Down 0.4 %

Shares of BGX stock traded down $0.06 during trading hours on Monday, hitting $12.45. The company had a trading volume of 90,880 shares, compared to its average volume of 63,192. Blackstone / GSO Long-Short Credit Income Fund has a 12 month low of $12.09 and a 12 month high of $13.24. The firm’s fifty day moving average is $12.71 and its 200 day moving average is $12.79.

Blackstone / GSO Long-Short Credit Income Fund Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, May 30th. Stockholders of record on Thursday, May 22nd will be issued a $0.086 dividend. This represents a $1.03 annualized dividend and a dividend yield of 8.29%. The ex-dividend date is Thursday, May 22nd.

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.