Short Interest in Blackstone Strategic Credit 2027 Term Fund (NYSE:BGB) Declines By 90.2%

Blackstone Strategic Credit 2027 Term Fund (NYSE:BGB) was the target of a significant drop in short interest during the month of August. As of August 14th, there was short interest totaling 5,239 shares, a drop of 90.2% from the July 30th total of 53,607 shares. Based on an average daily trading volume, of 133,800 shares, the short-interest ratio is presently 0.0 days.

Blackstone Strategic Credit 2027 Term Fund Price Performance

Shares of BGB traded up $0.01 during trading hours on Tuesday, hitting $11.20. The company’s stock had a trading volume of 323,399 shares, compared to its average volume of 139,217. The business has a 50 day simple moving average of $11.28 and a two-hundred day simple moving average of $11.31. Blackstone Strategic Credit 2027 Term Fund has a 52-week low of $10.85 and a 52-week high of $12.60.

Blackstone Strategic Credit 2027 Term Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 24th will be paid a dividend of $0.076 per share. This represents a c) dividend on an annualized basis and a dividend yield of 8.1%. The ex-dividend date is Monday, August 24th.

Institutional Trading of Blackstone Strategic Credit 2027 Term Fund

Hedge funds have recently made changes to their positions in the stock. Royal Bank of Canada raised its stake in shares of Blackstone Strategic Credit 2027 Term Fund by 23.7% during the first quarter. Royal Bank of Canada now owns 282,388 shares of the company’s stock worth $3,411,000 after acquiring an additional 54,059 shares in the last quarter. NewEdge Advisors LLC lifted its position in shares of Blackstone Strategic Credit 2027 Term Fund by 12.5% in the 1st quarter. NewEdge Advisors LLC now owns 63,189 shares of the company’s stock worth $763,000 after purchasing an additional 7,005 shares during the period. Cetera Investment Advisers increased its stake in shares of Blackstone Strategic Credit 2027 Term Fund by 6.7% in the 2nd quarter. Cetera Investment Advisers now owns 28,626 shares of the company’s stock worth $347,000 after acquiring an additional 1,791 shares in the last quarter. Invesco Ltd. grew its stake in shares of Blackstone Strategic Credit 2027 Term Fund by 9.4% in the second quarter. Invesco Ltd. now owns 360,715 shares of the company’s stock worth $4,372,000 after acquiring an additional 31,042 shares during the last quarter. Finally, First Trust Advisors LP raised its holdings in Blackstone Strategic Credit 2027 Term Fund by 3.9% in the 2nd quarter. First Trust Advisors LP now owns 106,926 shares of the company’s stock worth $1,296,000 after acquiring an additional 3,971 shares during the last quarter.

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.