Blackstone / GSO Long-Short Credit Income Fund (NYSE:BGX) Short Interest Up 145.1% in June

Blackstone / GSO Long-Short Credit Income Fund (NYSE:BGX) saw a large growth in short interest during the month of June. As of June 30th, there was short interest totaling 20,730 shares, a growth of 145.1% from the June 15th total of 8,458 shares. Based on an average daily trading volume, of 40,462 shares, the short-interest ratio is currently 0.5 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of BGX. Comerica Bank increased its position in Blackstone / GSO Long-Short Credit Income Fund by 17.5% in the 3rd quarter. Comerica Bank now owns 6,930 shares of the company’s stock valued at $83,000 after acquiring an additional 1,031 shares during the period. Osaic Holdings Inc. grew its holdings in Blackstone / GSO Long-Short Credit Income Fund by 9.3% during the second quarter. Osaic Holdings Inc. now owns 15,885 shares of the company’s stock worth $197,000 after acquiring an additional 1,351 shares during the period. Kestra Advisory Services LLC raised its position in Blackstone / GSO Long-Short Credit Income Fund by 4.5% in the first quarter. Kestra Advisory Services LLC now owns 32,738 shares of the company’s stock worth $357,000 after acquiring an additional 1,400 shares in the last quarter. Raymond James Financial Inc. lifted its holdings in Blackstone / GSO Long-Short Credit Income Fund by 15.1% in the second quarter. Raymond James Financial Inc. now owns 12,848 shares of the company’s stock valued at $159,000 after acquiring an additional 1,684 shares during the period. Finally, UBS Group AG boosted its position in shares of Blackstone / GSO Long-Short Credit Income Fund by 2.1% during the 3rd quarter. UBS Group AG now owns 108,144 shares of the company’s stock worth $1,298,000 after purchasing an additional 2,227 shares in the last quarter.

Blackstone / GSO Long-Short Credit Income Fund Price Performance

BGX stock traded down $0.03 during trading on Tuesday, hitting $10.80. 7,412 shares of the company’s stock were exchanged, compared to its average volume of 79,503. The business has a 50-day moving average price of $10.86 and a two-hundred day moving average price of $11.05. Blackstone / GSO Long-Short Credit Income Fund has a 52-week low of $10.38 and a 52-week high of $12.65.

Blackstone / GSO Long-Short Credit Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 24th will be given a $0.082 dividend. The ex-dividend date of this dividend is Monday, August 24th. This represents a c) dividend on an annualized basis and a yield of 9.1%.

Blackstone / GSO Long-Short Credit Income Fund Company Profile

Blackstone/GSO Long-Short Credit Income Fund (NYSE: BGX) is a closed-end management investment company that seeks to generate high current income and total return through a flexible, actively managed credit strategy. Listed on the New York Stock Exchange, the fund is externally managed by Blackstone Credit (formerly GSO Capital Partners), the credit investment platform of Blackstone Inc By combining long and short positions in corporate credit instruments, BGX aims to capitalize on inefficiencies across credit markets while managing downside risk.

The fund’s core investment activities encompass a diverse range of credit instruments, including senior secured loans, high-yield bonds, convertible securities and structured products.