Short Interest in Blackstone Strategic Credit 2027 Term Fund (NYSE:BGB) Drops By 58.0%

Blackstone Strategic Credit 2027 Term Fund (NYSE:BGB) was the recipient of a large drop in short interest in the month of March. As of March 15th, there was short interest totalling 116,000 shares, a drop of 58.0% from the February 28th total of 276,100 shares. Based on an average daily trading volume, of 200,100 shares, the short-interest ratio is currently 0.6 days.

Hedge Funds Weigh In On Blackstone Strategic Credit 2027 Term Fund

Several hedge funds have recently modified their holdings of BGB. Advisors Asset Management Inc. lifted its holdings in shares of Blackstone Strategic Credit 2027 Term Fund by 64.7% in the fourth quarter. Advisors Asset Management Inc. now owns 739,054 shares of the company’s stock valued at $9,039,000 after buying an additional 290,237 shares during the period. US Bancorp DE acquired a new stake in Blackstone Strategic Credit 2027 Term Fund in the 4th quarter valued at about $45,000. HighTower Advisors LLC boosted its position in shares of Blackstone Strategic Credit 2027 Term Fund by 1.5% during the 4th quarter. HighTower Advisors LLC now owns 868,947 shares of the company’s stock valued at $10,627,000 after purchasing an additional 12,620 shares in the last quarter. Moors & Cabot Inc. grew its stake in shares of Blackstone Strategic Credit 2027 Term Fund by 7.2% in the 4th quarter. Moors & Cabot Inc. now owns 14,475 shares of the company’s stock worth $177,000 after purchasing an additional 975 shares during the last quarter. Finally, Transcend Capital Advisors LLC raised its holdings in shares of Blackstone Strategic Credit 2027 Term Fund by 1.0% in the 4th quarter. Transcend Capital Advisors LLC now owns 557,668 shares of the company’s stock worth $6,820,000 after purchasing an additional 5,658 shares in the last quarter.

Blackstone Strategic Credit 2027 Term Fund Stock Performance

Shares of NYSE:BGB remained flat at $12.03 during trading on Friday. 131,264 shares of the stock were exchanged, compared to its average volume of 180,638. The business’s fifty day moving average is $12.31 and its two-hundred day moving average is $12.34. Blackstone Strategic Credit 2027 Term Fund has a 12 month low of $11.58 and a 12 month high of $12.69.

Blackstone Strategic Credit 2027 Term Fund Dividend Announcement

The company also recently announced a dividend, which will be paid on Monday, March 31st. Shareholders of record on Tuesday, March 25th will be given a $0.089 dividend. The ex-dividend date is Monday, March 24th. This represents a yield of 8.83%.

Blackstone Strategic Credit 2027 Term Fund Company Profile

Blackstone Strategic Credit 2027 Term Fund is a close ended fixed income mutual fund launched and managed by GSO / Blackstone Debt Funds Management LLC. It invests in the fixed income markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in the loans and other fixed income instruments including first- and second-lien secured loans and high-yield corporate bonds of different maturities.