Company shares last traded at $16.21 which is much lower than the 50 day moving average of $19.05 and which is well below the 200 day moving average of $19.32. The 50 day moving average was down $-2.84 or -14.90% and the 200 day average moved down $-3.11. Blackstone GSO Long Short Credi shares had a trading volume of 44K on Tuesday. Trading volume was down 2.96% under the stocks average daily volume. Traders are a little more bearish on the company lately if you put credence in the uptick in short interest. The stock recorded a rise in short interest of 224.36% between September 29, 2017 and October 13, 2017. Short interest grew 41,614 over that timeframe.
A few notable investment firms have updated their holdings. As of quarter end Shaker Financial Services, LLC had acquired a total of 30,316 shares growing its holdings by 18.0%. The value of the investment in Blackstone GSO Long Short Credi increased from $2,706,000 to $3,205,000 a change of $499,000 for the reporting period. Ubs Group Ag expanded its holdings by buying 88,986 shares an increase of 10,581.0%. Ubs Group Ag owns 89,827 shares worth $1,450,000. The total value of its holdings increased 10,257.1%.
As of the end of the quarter Capital Investment Advisors, LLC had bought 114,335 shares growing its stake by 539.3%. The value of the total investment in Blackstone GSO Long Short Credi went from $342,000 to $2,179,000 a change of 537.1% quarter to quarter. As of the end of the quarter First Trust Advisors Lp had acquired 6,604 shares growing its position 48.7%. The value in dollars increased from $219,000 to $324,000 increasing 47.9% quarter over quarter.
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. It primarily invests in loans and fixed-income instruments of corporate issuers, including first and second lien secured loans and high-yield corporate debt securities of varying maturities. The fund seeks to invest in securities rated below investment grade. It employs fundamental analysis using a research-driven credit approach to create its portfolio. The fund benchmarks the performance of its portfolio against a composite index comprised of 70% S&P/LSTA Leveraged Loan Index and 30% Barclays US High Yield Index. It was formerly known as Blackstone / GSO Dynamic Credit Income Fund. Blackstone / GSO Long-Short Credit Income Fund was formed on October 22, 2010 and is domiciled in the United States..Advertisement