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

Blackstone Strategic Credit 2027 Term Fund (NYSE:BGB) was the target of a large growth in short interest during the month of September. As of September 15th, there was short interest totaling 53,800 shares, a growth of 587.8% from the August 31st total of 7,822 shares. Based on an average trading volume of 173,212 shares, the days-to-cover ratio is currently 0.3 days.

Blackstone Strategic Credit 2027 Term Fund Price Performance

BGB stock opened at $11.11 on Friday. Blackstone Strategic Credit 2027 Term Fund has a 12-month low of $10.85 and a 12-month high of $12.24. The stock’s 50 day simple moving average is $11.23 and its 200 day simple moving average is $11.27.

Blackstone Strategic Credit 2027 Term Fund Announces Dividend

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

Institutional Trading of Blackstone Strategic Credit 2027 Term Fund

Institutional investors and hedge funds have recently modified their holdings of the business. Walled Lake Planning & Wealth Management LLC boosted its holdings in shares of Blackstone Strategic Credit 2027 Term Fund by 44.6% in the 1st quarter. Walled Lake Planning & Wealth Management LLC now owns 27,575 shares of the company’s stock valued at $307,000 after buying an additional 8,500 shares during the period. Calamos Advisors LLC grew 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 valued at $390,000 after buying an additional 4,160 shares during the last quarter. Robbins Farley raised its stake in Blackstone Strategic Credit 2027 Term Fund by 13.2% during the second quarter. Robbins Farley now owns 241,957 shares of the company’s stock worth $2,734,000 after acquiring an additional 28,279 shares during the period. Bank of America Corp DE raised its stake in Blackstone Strategic Credit 2027 Term Fund by 2.2% during the first quarter. Bank of America Corp DE now owns 1,973,911 shares of the company’s stock worth $22,009,000 after acquiring an additional 42,416 shares during the period. Finally, Fifth Third Bancorp bought a new position in Blackstone Strategic Credit 2027 Term Fund in the first quarter worth about $118,000.

Blackstone Strategic Credit 2027 Term Fund Company Profile

Blackstone Strategic Credit 2027 Term Fund (NYSE: BGB) is a closed-end investment company that seeks to provide investors with current income and, to a lesser extent, capital appreciation. The fund is managed by Blackstone Alternative Credit Advisors LP, an affiliate of Blackstone Inc

The fund invests primarily in senior secured loans and other floating-rate debt obligations issued by U.S. and non-U.S. companies. Its portfolio may include investments in below-investment-grade or unrated credit securities, which can offer higher income but carry increased credit and investment risk.