Blackstone Strategic Credit 2027 Term Fund (NYSE:BGB) Short Interest Update

Blackstone Strategic Credit 2027 Term Fund (NYSE:BGB) was the recipient of a significant growth in short interest in the month of January. As of January 15th, there was short interest totaling 88,433 shares, a growth of 97.4% from the December 31st total of 44,804 shares. Based on an average daily trading volume, of 127,539 shares, the days-to-cover ratio is presently 0.7 days. Based on an average daily trading volume, of 127,539 shares, the days-to-cover ratio is presently 0.7 days.

Blackstone Strategic Credit 2027 Term Fund Stock Performance

Shares of BGB stock traded down $0.04 on Friday, hitting $11.77. 92,413 shares of the stock traded hands, compared to its average volume of 124,186. Blackstone Strategic Credit 2027 Term Fund has a 1-year low of $10.47 and a 1-year high of $12.65. The company’s fifty day moving average is $11.86 and its 200 day moving average is $12.07.

Blackstone Strategic Credit 2027 Term Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 20th will be given a dividend of $0.077 per share. This represents a c) dividend on an annualized basis and a dividend yield of 7.9%. The ex-dividend date is Friday, February 20th.

Institutional Investors Weigh In On Blackstone Strategic Credit 2027 Term Fund

Large investors have recently modified their holdings of the stock. Cary Street Partners Investment Advisory LLC boosted its stake in shares of Blackstone Strategic Credit 2027 Term Fund by 15.6% during the 2nd quarter. Cary Street Partners Investment Advisory LLC now owns 7,400 shares of the company’s stock worth $90,000 after acquiring an additional 1,000 shares in the last quarter. Kingsview Wealth Management LLC boosted its position in Blackstone Strategic Credit 2027 Term Fund by 4.1% during the third quarter. Kingsview Wealth Management LLC now owns 25,164 shares of the company’s stock worth $306,000 after purchasing an additional 1,001 shares during the period. Rockefeller Capital Management L.P. boosted its position in Blackstone Strategic Credit 2027 Term Fund by 1.4% during the second quarter. Rockefeller Capital Management L.P. now owns 75,509 shares of the company’s stock worth $915,000 after purchasing an additional 1,064 shares during the period. Invesco Ltd. grew its holdings in Blackstone Strategic Credit 2027 Term Fund by 0.3% during the third quarter. Invesco Ltd. now owns 361,916 shares of the company’s stock valued at $4,405,000 after purchasing an additional 1,201 shares during the last quarter. Finally, Stolper Co raised its position in shares of Blackstone Strategic Credit 2027 Term Fund by 2.2% in the fourth quarter. Stolper Co now owns 60,417 shares of the company’s stock valued at $712,000 after purchasing an additional 1,284 shares during the period.

Blackstone Strategic Credit 2027 Term Fund Company Profile

Blackstone Strategic Credit 2027 Term Fund (NYSE: BGB) is a closed-end management investment company organized as an interval fund, designed to provide investors with exposure to a diversified portfolio of credit instruments. The fund commenced operations in late 2020 and is structured with a defined term ending in 2027, at which point it intends to liquidate its assets and distribute proceeds to shareholders. As an interval fund, BGB offers limited redemption opportunities on a quarterly basis, allowing for greater investment flexibility while maintaining portfolio stability.

The fund’s primary business activity involves investing across the credit spectrum, including senior secured loans, high-yield and investment-grade corporate bonds, structured credit, and direct lending opportunities.