Blackstone Strategic Credit 2027 Term Fund (NYSE:BGB) Sees Significant Increase in Short Interest

Blackstone Strategic Credit 2027 Term Fund (NYSE:BGB) saw a large growth in short interest in the month of March. As of March 31st, there was short interest totaling 158,079 shares, a growth of 28.0% from the March 15th total of 123,476 shares. Based on an average daily trading volume, of 205,335 shares, the short-interest ratio is presently 0.8 days.

Institutional Trading of Blackstone Strategic Credit 2027 Term Fund

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Robbins Farley raised its holdings in Blackstone Strategic Credit 2027 Term Fund by 15.6% during the 1st quarter. Robbins Farley now owns 213,678 shares of the company’s stock valued at $2,383,000 after buying an additional 28,807 shares during the period. Sit Investment Associates Inc. raised its holdings in Blackstone Strategic Credit 2027 Term Fund by 141.9% during the 4th quarter. Sit Investment Associates Inc. now owns 2,025,340 shares of the company’s stock valued at $23,859,000 after buying an additional 1,188,021 shares during the period. NewEdge Advisors LLC raised its holdings in Blackstone Strategic Credit 2027 Term Fund by 2.2% during the 4th quarter. NewEdge Advisors LLC now owns 64,389 shares of the company’s stock valued at $759,000 after buying an additional 1,400 shares during the period. XTX Topco Ltd purchased a new stake in Blackstone Strategic Credit 2027 Term Fund during the 4th quarter valued at $133,000. Finally, Millennium Management LLC bought a new position in Blackstone Strategic Credit 2027 Term Fund in the 4th quarter valued at $216,000.

Blackstone Strategic Credit 2027 Term Fund Stock Performance

NYSE:BGB opened at $11.39 on Friday. The stock’s fifty day moving average is $11.31 and its 200 day moving average is $11.66. Blackstone Strategic Credit 2027 Term Fund has a fifty-two week low of $10.85 and a fifty-two week high of $12.65.

Blackstone Strategic Credit 2027 Term Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, May 29th. Investors of record on Thursday, May 21st will be issued a dividend of $0.079 per share. This represents a c) annualized dividend and a yield of 8.3%. The ex-dividend date is Thursday, May 21st.

About Blackstone Strategic Credit 2027 Term Fund

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.