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 January. As of January 15th, there was short interest totaling 88,433 shares, a growth of 97.4% from the December 31st total of 44,804 shares. Based on an average trading volume of 127,539 shares, the short-interest ratio is currently 0.7 days. Based on an average trading volume of 127,539 shares, the short-interest ratio is currently 0.7 days.

Hedge Funds Weigh In On Blackstone Strategic Credit 2027 Term Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BGB. Eagle Bay Advisors LLC purchased a new stake in shares of Blackstone Strategic Credit 2027 Term Fund during the fourth quarter worth about $33,000. Ameritas Advisory Services LLC purchased a new position in shares of Blackstone Strategic Credit 2027 Term Fund during the 2nd quarter valued at approximately $53,000. Noble Wealth Management PBC grew its position 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 worth $74,000 after buying an additional 4,275 shares in the last quarter. Wolverine Asset Management LLC bought a new stake in shares of Blackstone Strategic Credit 2027 Term Fund in the second quarter worth $77,000. Finally, Cary Street Partners Investment Advisory LLC increased its stake in shares of Blackstone Strategic Credit 2027 Term Fund by 15.6% in the second quarter. Cary Street Partners Investment Advisory LLC now owns 7,400 shares of the company’s stock worth $90,000 after buying an additional 1,000 shares during the last quarter.

Blackstone Strategic Credit 2027 Term Fund Stock Down 0.3%

Shares of NYSE:BGB opened at $11.77 on Friday. The company has a 50 day moving average of $11.86 and a two-hundred day moving average of $12.07. Blackstone Strategic Credit 2027 Term Fund has a 52-week low of $10.47 and a 52-week high of $12.65.

Blackstone Strategic Credit 2027 Term Fund Dividend Announcement

The company 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 dividend of $0.077 per share. This represents a c) dividend on an annualized basis and a yield of 7.9%. The ex-dividend date of this dividend is Friday, February 20th.

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.