Blackstone / GSO Long-Short Credit Income Fund (NYSE:BGX) Short Interest Up 140.4% in April

Blackstone / GSO Long-Short Credit Income Fund (NYSE:BGX) saw a large increase in short interest in the month of April. As of April 15th, there was short interest totalling 45,200 shares, an increase of 140.4% from the March 31st total of 18,800 shares. Based on an average daily trading volume, of 57,200 shares, the days-to-cover ratio is currently 0.8 days.

Blackstone / GSO Long-Short Credit Income Fund Price Performance

NYSE:BGX traded up $0.04 during mid-day trading on Friday, hitting $12.15. The company’s stock had a trading volume of 42,350 shares, compared to its average volume of 59,548. The business’s fifty day moving average is $12.20 and its two-hundred day moving average is $11.77. Blackstone / GSO Long-Short Credit Income Fund has a 1 year low of $10.69 and a 1 year high of $12.44.

Blackstone / GSO Long-Short Credit Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, May 31st. Investors of record on Thursday, May 23rd will be issued a dividend of $0.105 per share. This represents a $1.26 annualized dividend and a yield of 10.37%. The ex-dividend date is Wednesday, May 22nd.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of BGX. GraniteShares Advisors LLC boosted its stake in shares of Blackstone / GSO Long-Short Credit Income Fund by 4.0% during the 3rd quarter. GraniteShares Advisors LLC now owns 133,986 shares of the company’s stock worth $1,561,000 after acquiring an additional 5,140 shares in the last quarter. Shaker Financial Services LLC boosted its position in Blackstone / GSO Long-Short Credit Income Fund by 8.1% during the fourth quarter. Shaker Financial Services LLC now owns 68,753 shares of the company’s stock worth $794,000 after purchasing an additional 5,164 shares in the last quarter. Wolverine Asset Management LLC acquired a new stake in Blackstone / GSO Long-Short Credit Income Fund in the fourth quarter valued at approximately $68,000. Nomura Holdings Inc. acquired a new position in shares of Blackstone / GSO Long-Short Credit Income Fund during the 4th quarter worth approximately $125,000. Finally, International Assets Investment Management LLC purchased a new position in shares of Blackstone / GSO Long-Short Credit Income Fund during the 4th quarter valued at approximately $3,110,000.

About Blackstone / GSO Long-Short Credit Income Fund

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.