Blackstone / GSO Long-Short Credit Income Fund (NYSE:BGX) Trading 0.2% Higher – Time to Buy?

Shares of Blackstone / GSO Long-Short Credit Income Fund (NYSE:BGX) were up 0.2% during mid-day trading on Tuesday . The stock traded as high as $11.89 and last traded at $11.8650. Approximately 72,048 shares changed hands during trading, a decline of 1% from the average daily volume of 72,827 shares. The stock had previously closed at $11.84.

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

The stock has a 50 day moving average price of $11.80 and a 200 day moving average price of $12.17.

Blackstone / GSO Long-Short Credit Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, November 28th. Shareholders of record on Thursday, November 20th were given a $0.081 dividend. The ex-dividend date was Thursday, November 20th. This represents a c) annualized dividend and a yield of 8.2%.

Institutional Investors Weigh In On Blackstone / GSO Long-Short Credit Income Fund

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Wolverine Asset Management LLC purchased a new stake in shares of Blackstone / GSO Long-Short Credit Income Fund in the first quarter valued at $100,000. Invesco Ltd. lifted its stake in shares of Blackstone / GSO Long-Short Credit Income Fund by 1.7% in the 1st quarter. Invesco Ltd. now owns 272,073 shares of the company’s stock valued at $3,360,000 after purchasing an additional 4,569 shares during the last quarter. Virtu Financial LLC bought a new stake in Blackstone / GSO Long-Short Credit Income Fund in the first quarter worth $176,000. Landscape Capital Management L.L.C. increased its position in Blackstone / GSO Long-Short Credit Income Fund by 8.1% during the first quarter. Landscape Capital Management L.L.C. now owns 147,720 shares of the company’s stock worth $1,824,000 after buying an additional 11,038 shares during the last quarter. Finally, Royal Bank of Canada raised its holdings in Blackstone / GSO Long-Short Credit Income Fund by 4.6% during the first quarter. Royal Bank of Canada now owns 92,158 shares of the company’s stock valued at $1,139,000 after buying an additional 4,090 shares in the last quarter.

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.