Blackstone / GSO Long-Short Credit Income Fund (NYSE:BGX) Trading 1% Higher – Here’s Why

Shares of Blackstone / GSO Long-Short Credit Income Fund (NYSE:BGX) shot up 1% on Monday . The stock traded as high as $11.84 and last traded at $11.75. 27,836 shares traded hands during mid-day trading, a decline of 58% from the average session volume of 66,077 shares. The stock had previously closed at $11.63.

Blackstone / GSO Long-Short Credit Income Fund Price Performance

The business’s 50 day moving average is $12.36 and its two-hundred day moving average is $12.63.

Blackstone / GSO Long-Short Credit Income Fund Announces Dividend

The business also recently disclosed a dividend, which was paid on Monday, March 31st. Stockholders of record on Tuesday, March 25th were issued a dividend of $0.086 per share. This represents a dividend yield of 8.34%. The ex-dividend date was Monday, March 24th.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Morse Asset Management Inc grew its position in Blackstone / GSO Long-Short Credit Income Fund by 43.3% during the fourth quarter. Morse Asset Management Inc now owns 45,305 shares of the company’s stock valued at $564,000 after acquiring an additional 13,686 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Blackstone / GSO Long-Short Credit Income Fund by 8.5% in the fourth quarter. Envestnet Asset Management Inc. now owns 55,162 shares of the company’s stock worth $686,000 after buying an additional 4,336 shares during the period. Invesco Ltd. raised its holdings in Blackstone / GSO Long-Short Credit Income Fund by 1.7% during the 4th quarter. Invesco Ltd. now owns 267,504 shares of the company’s stock valued at $3,328,000 after buying an additional 4,400 shares during the last quarter. Virtus ETF Advisers LLC grew its holdings in Blackstone / GSO Long-Short Credit Income Fund by 17.9% in the 4th quarter. Virtus ETF Advisers LLC now owns 57,231 shares of the company’s stock worth $712,000 after acquiring an additional 8,699 shares during the last quarter. Finally, Shaker Financial Services LLC increased its position in shares of Blackstone / GSO Long-Short Credit Income Fund by 357.3% in the fourth quarter. Shaker Financial Services LLC now owns 68,984 shares of the company’s stock valued at $861,000 after acquiring an additional 53,900 shares during the period.

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.