Blackstone / GSO Long-Short Credit Income Fund (NYSE:BGX) Trading 0.1% Higher – Time to Buy?

Shares of Blackstone / GSO Long-Short Credit Income Fund (NYSE:BGX) shot up 0.1% on Tuesday . The company traded as high as $10.87 and last traded at $10.8350. 39,324 shares traded hands during trading, a decline of 54% from the average session volume of 85,678 shares. The stock had previously closed at $10.82.

Blackstone / GSO Long-Short Credit Income Fund Stock Up 0.1%

The stock’s fifty day simple moving average is $10.89 and its 200 day simple moving average is $11.21.

Blackstone / GSO Long-Short Credit Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, May 29th. Investors of record on Thursday, May 21st were paid a dividend of $0.07 per share. This represents a c) annualized dividend and a dividend yield of 7.8%. The ex-dividend date was Thursday, May 21st.

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

Institutional investors have recently bought and sold shares of the company. Noble Wealth Management PBC purchased a new position in Blackstone / GSO Long-Short Credit Income Fund in the fourth quarter worth $72,000. Comerica Bank boosted its position in shares of Blackstone / GSO Long-Short Credit Income Fund by 17.5% in the 3rd quarter. Comerica Bank now owns 6,930 shares of the company’s stock worth $83,000 after purchasing an additional 1,031 shares in the last quarter. First Trust Advisors LP acquired a new stake in shares of Blackstone / GSO Long-Short Credit Income Fund in the 3rd quarter worth $124,000. XTX Topco Ltd purchased a new position in Blackstone / GSO Long-Short Credit Income Fund during the 4th quarter worth $137,000. Finally, Marex Group plc acquired a new position in Blackstone / GSO Long-Short Credit Income Fund during the 4th quarter valued at about $143,000.

About Blackstone / GSO Long-Short Credit Income Fund

Blackstone/GSO Long-Short Credit Income Fund (NYSE: BGX) is a closed-end management investment company that seeks to generate high current income and total return through a flexible, actively managed credit strategy. Listed on the New York Stock Exchange, the fund is externally managed by Blackstone Credit (formerly GSO Capital Partners), the credit investment platform of Blackstone Inc By combining long and short positions in corporate credit instruments, BGX aims to capitalize on inefficiencies across credit markets while managing downside risk.

The fund’s core investment activities encompass a diverse range of credit instruments, including senior secured loans, high-yield bonds, convertible securities and structured products.