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

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

Blackstone / GSO Long-Short Credit Income Fund Stock Down 0.3 %

The firm has a fifty day simple moving average of $12.80 and a two-hundred day simple moving average of $12.78.

Blackstone / GSO Long-Short Credit Income Fund Announces Dividend

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

Hedge Funds Weigh In On Blackstone / GSO Long-Short Credit Income Fund

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Drive Wealth Management LLC purchased a new position in shares of Blackstone / GSO Long-Short Credit Income Fund in the 3rd quarter worth about $1,352,000. J.W. Cole Advisors Inc. purchased a new stake in Blackstone / GSO Long-Short Credit Income Fund in the third quarter worth approximately $593,000. International Assets Investment Management LLC bought a new position in Blackstone / GSO Long-Short Credit Income Fund during the third quarter valued at approximately $4,190,000. Morse Asset Management Inc purchased a new position in shares of Blackstone / GSO Long-Short Credit Income Fund during the third quarter worth approximately $404,000. Finally, Janney Montgomery Scott LLC purchased a new position in shares of Blackstone / GSO Long-Short Credit Income Fund during the fourth quarter worth approximately $288,000.

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.