(BGX) Blackstone GSO Long Short - Ratings and Ratios

The Blackstone GSO Long Short Credit Income Closed Fund (NYSE:BGX) is a USA-originated, Bank Loan-style investment fund. It is designed to provide income through a long-short credit strategy, aiming to capitalize on opportunities in the credit markets by taking both long and short positions.

From a technical standpoint, the funds price action indicates a relatively stable performance, with its last price at $12.27. The short-term (SMA20) and medium-term (SMA50) moving averages are $11.99 and $12.04, respectively, suggesting a recent uptrend. The long-term (SMA200) average is $12.21, indicating that the current price is slightly below its long-term trend. The Average True Range (ATR) of 0.24, or 1.98%, signifies moderate volatility. Over the past 52 weeks, the fund has traded between $10.92 and $12.71, demonstrating its price range.

The funds Assets Under Management (AUM) stand at $169.91M USD, indicating a relatively modest size. This could potentially impact its liquidity and ability to execute larger trades. However, its size also allows for more agile management and potentially more focused investment strategies.

Analyzing the technical and fundamental data, a forecast for BGX can be constructed. Given its current price is slightly below its long-term SMA200 and considering the moderate volatility, theres an indication that the fund might be poised for a potential rebound or stabilization around its long-term average. If the AUM continues to be managed effectively and the long-short strategy pays off, the fund could potentially see an increase in its price. A potential target could be a move towards the 52-week high of $12.71, assuming the overall market conditions and credit markets remain favorable. Conversely, a decline below the SMA50 could signal a potential downturn, with the $10.92 low as a possible support level to watch. Therefore, a prudent strategy could involve monitoring the funds ability to break above $12.71 or its resilience around the $12.00 level, as indicators of its short-term direction.