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 drop in short interest in December. As of December 31st, there was short interest totaling 44,804 shares, a drop of 63.2% from the December 15th total of 121,659 shares. Based on an average daily volume of 154,327 shares, the short-interest ratio is currently 0.3 days. Based on an average daily volume of 154,327 shares, the short-interest ratio is currently 0.3 days.

Blackstone Strategic Credit 2027 Term Fund Stock Performance

BGB stock traded up $0.01 during trading on Wednesday, reaching $11.95. The stock had a trading volume of 107,299 shares, compared to its average volume of 132,267. The firm has a fifty day moving average price of $11.83 and a 200 day moving average price of $12.10. Blackstone Strategic Credit 2027 Term Fund has a 1-year low of $10.47 and a 1-year high of $12.65.

Blackstone Strategic Credit 2027 Term Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 20th will be issued a $0.077 dividend. The ex-dividend date of this dividend is Friday, February 20th. This represents a c) dividend on an annualized basis and a yield of 7.7%.

Institutional Investors Weigh In On Blackstone Strategic Credit 2027 Term Fund

Several hedge funds and other institutional investors have recently bought and sold shares of BGB. Ameritas Advisory Services LLC acquired a new position in shares of Blackstone Strategic Credit 2027 Term Fund in the 2nd quarter valued at about $53,000. Noble Wealth Management PBC grew its holdings in shares of Blackstone Strategic Credit 2027 Term Fund by 213.8% during the fourth quarter. Noble Wealth Management PBC now owns 6,275 shares of the company’s stock valued at $74,000 after purchasing an additional 4,275 shares during the last quarter. Wolverine Asset Management LLC bought a new stake in shares of Blackstone Strategic Credit 2027 Term Fund in the 2nd quarter worth approximately $77,000. Cary Street Partners Investment Advisory LLC boosted its position in Blackstone Strategic Credit 2027 Term Fund by 15.6% during the 2nd quarter. Cary Street Partners Investment Advisory LLC now owns 7,400 shares of the company’s stock valued at $90,000 after purchasing an additional 1,000 shares during the period. Finally, JT Stratford LLC bought a new position in Blackstone Strategic Credit 2027 Term Fund during the 2nd quarter worth $124,000.

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.