Short Interest in Blackstone / GSO Long-Short Credit Income Fund (NYSE:BGX) Increases By 83.7%

Blackstone / GSO Long-Short Credit Income Fund (NYSE:BGX) was the recipient of a large growth in short interest during the month of November. As of November 30th, there was short interest totalling 37,100 shares, a growth of 83.7% from the November 15th total of 20,200 shares. Based on an average daily trading volume, of 64,800 shares, the short-interest ratio is currently 0.6 days.

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

Large investors have recently made changes to their positions in the company. Comerica Bank increased its position in 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 buying an additional 995 shares during the period. Catalina Capital Group LLC purchased a new position in shares of Blackstone / GSO Long-Short Credit Income Fund during the second quarter worth approximately $149,000. Hennion & Walsh Asset Management Inc. acquired a new position in shares of Blackstone / GSO Long-Short Credit Income Fund in the 2nd quarter valued at $155,000. Ausdal Financial Partners Inc. raised its position in Blackstone / GSO Long-Short Credit Income Fund by 25.9% in the 2nd quarter. Ausdal Financial Partners Inc. now owns 14,186 shares of the company’s stock valued at $176,000 after purchasing an additional 2,916 shares during the last quarter. Finally, Shaker Financial Services LLC purchased a new stake in Blackstone / GSO Long-Short Credit Income Fund in the 3rd quarter valued at $193,000.

Blackstone / GSO Long-Short Credit Income Fund Price Performance

NYSE:BGX traded up $0.09 during midday trading on Friday, hitting $13.19. 85,107 shares of the company were exchanged, compared to its average volume of 59,915. Blackstone / GSO Long-Short Credit Income Fund has a fifty-two week low of $11.41 and a fifty-two week high of $13.24. The company has a fifty day simple moving average of $12.82 and a 200 day simple moving average of $12.75.

Blackstone / GSO Long-Short Credit Income Fund Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, October 31st. Stockholders of record on Thursday, October 24th were given a dividend of $0.101 per share. This represents a $1.21 dividend on an annualized basis and a dividend yield of 9.19%. The ex-dividend date of this dividend was Thursday, October 24th.

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.