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

Blackstone Strategic Credit 2027 Term Fund (NYSE:BGB) saw a large decrease in short interest during the month of April. As of April 30th, there was short interest totaling 44,133 shares, a decrease 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 presently 0.4 days.

Institutional Investors Weigh In On Blackstone Strategic Credit 2027 Term Fund

Several hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE lifted its holdings in Blackstone Strategic Credit 2027 Term Fund by 1.9% during the 3rd quarter. Bank of America Corp DE now owns 2,522,001 shares of the company’s stock valued at $30,693,000 after purchasing an additional 47,039 shares during the last quarter. Sit Investment Associates Inc. lifted its holdings in Blackstone Strategic Credit 2027 Term Fund by 141.9% during 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 during the last quarter. Wells Fargo & Company MN lifted its holdings in Blackstone Strategic Credit 2027 Term Fund by 1.9% during the 4th quarter. Wells Fargo & Company MN now owns 1,942,770 shares of the company’s stock valued at $22,886,000 after purchasing an additional 36,525 shares during the last quarter. Advisors Asset Management Inc. lifted its holdings in Blackstone Strategic Credit 2027 Term Fund by 4.5% during the 3rd quarter. Advisors Asset Management Inc. now owns 1,022,137 shares of the company’s stock valued at $12,439,000 after purchasing an additional 43,915 shares during the last quarter. Finally, HighTower Advisors LLC lifted its holdings in Blackstone Strategic Credit 2027 Term Fund by 1.6% during the 4th quarter. HighTower Advisors LLC now owns 900,076 shares of the company’s stock valued at $10,603,000 after purchasing an additional 14,056 shares during the last quarter.

Blackstone Strategic Credit 2027 Term Fund Trading Down 0.4%

Shares of NYSE BGB traded down $0.05 during trading hours on Tuesday, hitting $11.35. The company had a trading volume of 97,989 shares, compared to its average volume of 148,348. Blackstone Strategic Credit 2027 Term Fund has a 1-year low of $10.85 and a 1-year high of $12.65. The firm’s 50 day moving average is $11.26 and its 200-day moving average is $11.58.

Blackstone Strategic Credit 2027 Term Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, May 29th. Shareholders of record on Thursday, May 21st will be issued a dividend of $0.079 per share. The ex-dividend date of this dividend is Thursday, May 21st. This represents a c) annualized dividend and a yield of 8.4%.

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.