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

Blackstone Strategic Credit 2027 Term Fund (NYSE:BGB) was the recipient of a large growth in short interest in May. As of May 15th, there was short interest totaling 99,687 shares, a growth of 125.9% from the April 30th total of 44,133 shares. Based on an average daily trading volume, of 133,937 shares, the short-interest ratio is currently 0.7 days.

Blackstone Strategic Credit 2027 Term Fund Trading Down 0.1%

Shares of NYSE:BGB traded down $0.01 during midday trading on Monday, reaching $11.36. 142,896 shares of the company’s stock traded hands, compared to its average volume of 145,840. Blackstone Strategic Credit 2027 Term Fund has a 1 year low of $10.85 and a 1 year high of $12.65. The company has a fifty day simple moving average of $11.29 and a two-hundred day simple moving average of $11.55.

Blackstone Strategic Credit 2027 Term Fund Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Friday, May 29th. Stockholders of record on Thursday, May 21st were given a dividend of $0.079 per share. The ex-dividend date was Thursday, May 21st. This represents a c) dividend on an annualized basis and a dividend yield of 8.3%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in BGB. Sit Investment Associates Inc. lifted its holdings in Blackstone Strategic Credit 2027 Term Fund by 141.9% in the 4th quarter. Sit Investment Associates Inc. now owns 2,025,340 shares of the company’s stock valued at $23,859,000 after purchasing an additional 1,188,021 shares in the last quarter. Elevation Point Wealth Partners LLC purchased a new position in Blackstone Strategic Credit 2027 Term Fund in the 3rd quarter valued at $3,371,000. Transcend Capital Advisors LLC lifted its holdings in Blackstone Strategic Credit 2027 Term Fund by 91.2% in the 3rd quarter. Transcend Capital Advisors LLC now owns 539,523 shares of the company’s stock valued at $6,566,000 after purchasing an additional 257,381 shares in the last quarter. Cresset Asset Management LLC lifted its holdings in Blackstone Strategic Credit 2027 Term Fund by 59.1% in the 3rd quarter. Cresset Asset Management LLC now owns 622,636 shares of the company’s stock valued at $7,577,000 after purchasing an additional 231,186 shares in the last quarter. Finally, Lalia Capital LLC purchased a new position in Blackstone Strategic Credit 2027 Term Fund in the 4th quarter valued at $1,753,000.

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.