Short Interest in Blackstone / GSO Long-Short Credit Income Fund (NYSE:BGX) Grows By 293.3%

Blackstone / GSO Long-Short Credit Income Fund (NYSE:BGX) was the target of a large increase in short interest in the month of October. As of October 31st, there was short interest totalling 29,500 shares, an increase of 293.3% from the October 15th total of 7,500 shares. Based on an average trading volume of 65,500 shares, the short-interest ratio is presently 0.5 days.

Institutional Trading of Blackstone / GSO Long-Short Credit Income Fund

A number of institutional investors have recently modified their holdings of BGX. Comerica Bank lifted its stake in shares of Blackstone / GSO Long-Short Credit Income Fund by 11.3% during the first quarter. Comerica Bank now owns 9,800 shares of the company’s stock worth $121,000 after purchasing an additional 995 shares in the last quarter. Catalina Capital Group LLC acquired a new position in shares of Blackstone / GSO Long-Short Credit Income Fund during the second quarter worth about $149,000. Hennion & Walsh Asset Management Inc. acquired a new position in shares of Blackstone / GSO Long-Short Credit Income Fund during the second quarter worth about $155,000. Ausdal Financial Partners Inc. lifted its stake in shares of Blackstone / GSO Long-Short Credit Income Fund by 25.9% during the second quarter. Ausdal Financial Partners Inc. now owns 14,186 shares of the company’s stock worth $176,000 after purchasing an additional 2,916 shares in the last quarter. Finally, Shaker Financial Services LLC acquired a new position in shares of Blackstone / GSO Long-Short Credit Income Fund during the third quarter worth about $193,000.

Blackstone / GSO Long-Short Credit Income Fund Trading Up 0.2 %

BGX stock traded up $0.03 during trading on Wednesday, hitting $12.67. The stock had a trading volume of 58,423 shares, compared to its average volume of 59,994. Blackstone / GSO Long-Short Credit Income Fund has a 1-year low of $11.33 and a 1-year high of $13.24. The company’s 50 day moving average price is $12.82 and its two-hundred day moving average price is $12.69.

Blackstone / GSO Long-Short Credit Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Thursday, November 21st will be given a dividend of $0.101 per share. This represents a $1.21 dividend on an annualized basis and a yield of 9.57%. The ex-dividend date of this dividend is Thursday, November 21st.

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.