Short Interest in Blackstone Strategic Credit 2027 Term Fund (NYSE:BGB) Declines By 39.8%

Blackstone Strategic Credit 2027 Term Fund (NYSE:BGB) was the target of a large drop in short interest in the month of April. As of April 30th, there was short interest totaling 44,133 shares, a drop of 39.8% from the April 15th total of 73,353 shares. Based on an average daily trading volume, of 114,198 shares, the days-to-cover ratio is currently 0.4 days.

Hedge Funds Weigh In On Blackstone Strategic Credit 2027 Term Fund

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Calamos Advisors LLC lifted its position in shares of Blackstone Strategic Credit 2027 Term Fund by 13.5% during the 1st quarter. Calamos Advisors LLC now owns 34,943 shares of the company’s stock worth $390,000 after buying an additional 4,160 shares during the period. Fifth Third Bancorp acquired a new stake in Blackstone Strategic Credit 2027 Term Fund during the 1st quarter valued at $118,000. Walled Lake Planning & Wealth Management LLC increased its holdings in Blackstone Strategic Credit 2027 Term Fund by 44.6% during the 1st quarter. Walled Lake Planning & Wealth Management LLC now owns 27,575 shares of the company’s stock valued at $307,000 after purchasing an additional 8,500 shares in the last quarter. Kathmere Capital Management LLC acquired a new stake in Blackstone Strategic Credit 2027 Term Fund during the 1st quarter valued at $143,000. Finally, Elevation Point Wealth Partners LLC increased its holdings in Blackstone Strategic Credit 2027 Term Fund by 3.6% during the 1st quarter. Elevation Point Wealth Partners LLC now owns 262,620 shares of the company’s stock valued at $2,928,000 after purchasing an additional 9,219 shares in the last quarter.

Blackstone Strategic Credit 2027 Term Fund Price Performance

Shares of Blackstone Strategic Credit 2027 Term Fund stock remained flat at $11.39 during midday trading on Monday. The company had a trading volume of 38,972 shares, compared to its average volume of 148,908. Blackstone Strategic Credit 2027 Term Fund has a 1-year low of $10.85 and a 1-year high of $12.65. The firm has a 50 day simple moving average of $11.26 and a 200 day simple moving average of $11.58.

Blackstone Strategic Credit 2027 Term Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, May 29th. Investors of record on Thursday, May 21st will be given a dividend of $0.079 per share. This represents a c) annualized dividend and a dividend 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.