Blackstone / GSO Long-Short Credit Income Fund (NYSE:BGX) Trading Down 0.3% – Should You Sell?

Blackstone / GSO Long-Short Credit Income Fund (NYSE:BGX) fell 0.3% during mid-day trading on Monday . The stock traded as low as $12.63 and last traded at $12.67. 82,213 shares traded hands during mid-day trading, an increase of 29% from the average session volume of 63,656 shares. The stock had previously closed at $12.71.

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

The business has a fifty day moving average of $12.80 and a 200-day moving average of $12.78.

Blackstone / GSO Long-Short Credit Income Fund Dividend Announcement

The firm also recently announced a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were paid a dividend of $0.097 per share. The ex-dividend date was Monday, December 23rd. This represents a dividend yield of 9.09%.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Drive Wealth Management LLC lifted its holdings in Blackstone / GSO Long-Short Credit Income Fund by 19.7% in the fourth quarter. Drive Wealth Management LLC now owns 126,484 shares of the company’s stock worth $1,585,000 after buying an additional 20,803 shares during the period. Janney Montgomery Scott LLC bought a new position in shares of Blackstone / GSO Long-Short Credit Income Fund in the 4th quarter worth approximately $288,000. Morse Asset Management Inc purchased a new position in shares of Blackstone / GSO Long-Short Credit Income Fund in the 3rd quarter valued at approximately $404,000. Landscape Capital Management L.L.C. boosted its position in shares of Blackstone / GSO Long-Short Credit Income Fund by 2.7% during the third quarter. Landscape Capital Management L.L.C. now owns 153,631 shares of the company’s stock valued at $1,965,000 after purchasing an additional 4,028 shares in the last quarter. Finally, Advisors Asset Management Inc. boosted its position in shares of Blackstone / GSO Long-Short Credit Income Fund by 0.8% during the third quarter. Advisors Asset Management Inc. now owns 337,485 shares of the company’s stock valued at $4,316,000 after purchasing an additional 2,656 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.