Blackstone Strategic Credit 2027 Term Fund (NYSE:BGB) Stock Short Interest Report for September

Blackstone Strategic Credit 2027 Term Fund (NYSE:BGB – Get Free Report) was the target of a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 174,373 shares, a growth of 224.1% from the September 15th total of 53,800 shares. Based on an average daily trading volume, of 214,468 shares, the short-interest ratio is presently 0.8 days.

Institutional Trading of Blackstone Strategic Credit 2027 Term Fund

Several institutional investors and hedge funds have recently modified their holdings of the business. Fifth Third Bancorp bought a new position in shares of Blackstone Strategic Credit 2027 Term Fund during the first quarter valued at about $118,000. Adalta Capital Management LLC purchased a new position in Blackstone Strategic Credit 2027 Term Fund during the fourth quarter valued at $119,000. Kathmere Capital Management LLC purchased a new position in Blackstone Strategic Credit 2027 Term Fund during the 1st quarter valued at about $143,000. Noble Wealth Management PBC boosted its position in shares of Blackstone Strategic Credit 2027 Term Fund by 2,086.7% in the 3rd quarter. Noble Wealth Management PBC now owns 13,120 shares of the company’s stock worth $147,000 after purchasing an additional 12,520 shares in the last quarter. Finally, Walled Lake Planning & Wealth Management LLC boosted its holdings in Blackstone Strategic Credit 2027 Term Fund by 44.6% in the first quarter. Walled Lake Planning & Wealth Management LLC now owns 27,575 shares of the company’s stock worth $307,000 after acquiring an additional 8,500 shares in the last quarter.

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Blackstone Strategic Credit 2027 Term Fund Stock Performance

BGB stock opened at $11.06 on Wednesday. The company’s 50-day simple moving average is $11.20 and its 200 day simple moving average is $11.26. Blackstone Strategic Credit 2027 Term Fund has a 52 week low of $10.85 and a 52 week high of $12.01.

Blackstone Strategic Credit 2027 Term Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, November 30th. Shareholders of record on Friday, November 20th will be given a dividend of $0.0740 per share. This represents a $0.89 annualized dividend and a yield of 8.0%. The ex-dividend date is Friday, November 20th.

Blackstone Strategic Credit 2027 Term Fund Company Profile

(Get Free Report)

Blackstone Strategic Credit 2027 Term Fund (NYSE:BGB) is a closed-end investment fund managed by Blackstone Credit & Insurance, part of Blackstone. The fund seeks to provide investors with current income and capital preservation by investing primarily in credit-related assets.

The fund’s portfolio may include senior secured loans, high-yield bonds, corporate debt, structured credit instruments and other fixed-income securities. It can invest across industries and geographies, with an emphasis on the U.S.

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