Blackstone/GSO Strategic Credit Fund (NYSE:BGB) Short Interest Up 146.7% in December

Blackstone/GSO Strategic Credit Fund (NYSE:BGB) was the recipient of a large increase in short interest in the month of December. As of December 31st, there was short interest totalling 164,300 shares, an increase of 146.7% from the December 15th total of 66,600 shares. Based on an average trading volume of 170,800 shares, the days-to-cover ratio is presently 1.0 days.

Shares of NYSE BGB opened at $13.70 on Friday. Blackstone/GSO Strategic Credit Fund has a 1-year low of $12.92 and a 1-year high of $14.14. The business’s fifty day moving average price is $13.73 and its two-hundred day moving average price is $13.84.

The firm also recently declared a None dividend, which was paid on Friday, January 14th. Stockholders of record on Friday, December 31st were issued a dividend of $0.11 per share. The ex-dividend date was Thursday, December 30th.

A number of hedge funds have recently made changes to their positions in BGB. PNC Financial Services Group Inc. boosted its position in Blackstone/GSO Strategic Credit Fund by 119.7% during the 2nd quarter. PNC Financial Services Group Inc. now owns 4,174 shares of the company’s stock worth $59,000 after acquiring an additional 2,274 shares during the period. Rockefeller Capital Management L.P. increased its position in Blackstone/GSO Strategic Credit Fund by 55.2% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 7,759 shares of the company’s stock worth $107,000 after buying an additional 2,759 shares during the period. Beacon Pointe Advisors LLC bought a new position in Blackstone/GSO Strategic Credit Fund in the 3rd quarter worth approximately $139,000. Bramshill Investments LLC acquired a new stake in shares of Blackstone/GSO Strategic Credit Fund during the 2nd quarter worth approximately $179,000. Finally, Cetera Investment Advisers acquired a new stake in shares of Blackstone/GSO Strategic Credit Fund during the 3rd quarter worth approximately $218,000.

Blackstone/GSO Strategic Credit Fund Company Profile

Blackstone Strategic Credit Fund is a diversified and closed-end investment company, which invests in portfolios, loans, and other fixed income instruments. It involves securities from US Corporate issuers, including first- and second-lien loans, and high yield corporate bonds of varying maturities. The company was founded on March 28, 2012 and is headquartered in New York, NY.

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