Blackstone Strategic Credit 2027 Term Fund (NYSE:BGB) Short Interest Up 97.4% in January

Blackstone Strategic Credit 2027 Term Fund (NYSE:BGB) was the target of a significant growth in short interest during the month of 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.

Institutional Trading of Blackstone Strategic Credit 2027 Term Fund

A number of hedge funds have recently made changes to their positions in BGB. Bank of America Corp DE lifted its position in shares of Blackstone Strategic Credit 2027 Term Fund by 1.9% in the 3rd quarter. Bank of America Corp DE now owns 2,522,001 shares of the company’s stock worth $30,693,000 after buying an additional 47,039 shares during the last quarter. Advisors Asset Management Inc. increased its stake 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 buying an additional 43,915 shares during the period. Commonwealth Equity Services LLC raised its holdings in Blackstone Strategic Credit 2027 Term Fund by 1.5% during the third quarter. Commonwealth Equity Services LLC now owns 780,984 shares of the company’s stock worth $9,505,000 after purchasing an additional 11,200 shares in the last quarter. Cresset Asset Management LLC raised its position in Blackstone Strategic Credit 2027 Term Fund by 59.1% in the third quarter. Cresset Asset Management LLC now owns 622,636 shares of the company’s stock worth $7,577,000 after acquiring an additional 231,186 shares in the last quarter. Finally, Transcend Capital Advisors LLC increased its holdings in shares of Blackstone Strategic Credit 2027 Term Fund by 91.2% in the third quarter. Transcend Capital Advisors LLC now owns 539,523 shares of the company’s stock valued at $6,566,000 after buying an additional 257,381 shares in the last quarter.

Blackstone Strategic Credit 2027 Term Fund Stock Down 0.3%

Shares of BGB traded down $0.04 during mid-day trading on Friday, reaching $11.77. The company had a trading volume of 92,413 shares, compared to its average volume of 124,186. The firm has a fifty day simple moving average of $11.86 and a 200-day simple moving average of $12.07. Blackstone Strategic Credit 2027 Term Fund has a fifty-two week low of $10.47 and a fifty-two week high of $12.65.

Blackstone Strategic Credit 2027 Term Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 20th will be given a $0.077 dividend. The ex-dividend date of this dividend is Friday, February 20th. This represents a c) annualized dividend and a yield of 7.9%.

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.