Short Interest in Blackstone Strategic Credit 2027 Term Fund (NYSE:BGB) Increases By 74.8%

Blackstone Strategic Credit 2027 Term Fund (NYSE:BGB) saw a significant growth in short interest in the month of February. As of February 13th, there was short interest totaling 144,349 shares, a growth of 74.8% from the January 29th total of 82,588 shares. Based on an average daily volume of 127,076 shares, the short-interest ratio is presently 1.1 days. Based on an average daily volume of 127,076 shares, the short-interest ratio is presently 1.1 days.

Blackstone Strategic Credit 2027 Term Fund Trading Down 0.3%

Shares of NYSE:BGB traded down $0.04 during midday trading on Friday, reaching $11.32. The company had a trading volume of 154,526 shares, compared to its average volume of 131,183. Blackstone Strategic Credit 2027 Term Fund has a 1-year low of $10.47 and a 1-year high of $12.65. The company has a fifty day simple moving average of $11.74 and a two-hundred day simple moving average of $11.95.

Blackstone Strategic Credit 2027 Term Fund Announces Dividend

The company also recently announced a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 20th were issued a $0.077 dividend. This represents a c) annualized dividend and a dividend yield of 8.2%. The ex-dividend date was Friday, February 20th.

Institutional Investors Weigh In On Blackstone Strategic Credit 2027 Term Fund

A number of large investors have recently made changes to their positions in BGB. Eagle Bay Advisors LLC purchased a new stake in shares of Blackstone Strategic Credit 2027 Term Fund in the 4th quarter valued at approximately $33,000. Kestra Advisory Services LLC acquired a new stake in Blackstone Strategic Credit 2027 Term Fund during the 4th quarter valued at $35,000. Noble Wealth Management PBC raised its stake in Blackstone Strategic Credit 2027 Term Fund by 213.8% during the 4th 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 period. Wolverine Asset Management LLC purchased a new stake in shares of Blackstone Strategic Credit 2027 Term Fund in the second quarter valued at $77,000. Finally, Cary Street Partners Investment Advisory LLC boosted its position 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 period.

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.