Short Interest in Blackstone Strategic Credit 2027 Term Fund (NYSE:BGB) Expands By 25.0%

Blackstone Strategic Credit 2027 Term Fund (NYSE:BGB) saw a significant growth in short interest in March. As of March 31st, there was short interest totalling 145,000 shares, a growth of 25.0% from the March 15th total of 116,000 shares. Based on an average trading volume of 205,000 shares, the days-to-cover ratio is presently 0.7 days.

Institutional Investors Weigh In On Blackstone Strategic Credit 2027 Term Fund

Several large investors have recently made changes to their positions in the stock. US Bancorp DE bought a new stake in Blackstone Strategic Credit 2027 Term Fund in the 4th quarter valued at $45,000. Spire Wealth Management bought a new stake in shares of Blackstone Strategic Credit 2027 Term Fund in the fourth quarter valued at about $67,000. Elequin Capital LP acquired a new position in shares of Blackstone Strategic Credit 2027 Term Fund during the fourth quarter worth about $103,000. Citadel Advisors LLC bought a new position in shares of Blackstone Strategic Credit 2027 Term Fund during the fourth quarter worth about $127,000. Finally, Apollon Wealth Management LLC acquired a new stake in Blackstone Strategic Credit 2027 Term Fund in the 4th quarter valued at approximately $148,000.

Blackstone Strategic Credit 2027 Term Fund Trading Down 0.0 %

Shares of NYSE:BGB traded down $0.01 during trading on Friday, hitting $11.50. 210,647 shares of the company’s stock traded hands, compared to its average volume of 186,738. The company has a 50-day moving average price of $12.01 and a 200-day moving average price of $12.25. Blackstone Strategic Credit 2027 Term Fund has a 52 week low of $10.47 and a 52 week high of $12.69.

Blackstone Strategic Credit 2027 Term Fund Announces Dividend

The business also recently declared a dividend, which was paid on Monday, March 31st. Shareholders of record on Tuesday, March 25th were paid a $0.089 dividend. This represents a yield of 8.83%. The ex-dividend date was Monday, March 24th.

About Blackstone Strategic Credit 2027 Term Fund

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.