Blackstone Strategic Credit 2027 Term Fund (NYSE:BGB) Short Interest Update

Blackstone Strategic Credit 2027 Term Fund (NYSE:BGB) was the recipient of a large drop in short interest in April. As of April 30th, there was short interest totaling 44,133 shares, a drop of 39.8% from the April 15th total of 73,353 shares. Based on an average daily volume of 114,198 shares, the days-to-cover ratio is currently 0.4 days.

Blackstone Strategic Credit 2027 Term Fund Price Performance

NYSE BGB remained flat at $11.39 during mid-day trading on Monday. The company’s stock had a trading volume of 38,972 shares, compared to its average volume of 148,908. Blackstone Strategic Credit 2027 Term Fund has a 12-month low of $10.85 and a 12-month high of $12.65. The firm’s fifty day simple moving average is $11.26 and its two-hundred day simple moving average is $11.58.

Blackstone Strategic Credit 2027 Term Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, May 29th. Investors of record on Thursday, May 21st will be given a dividend of $0.079 per share. The ex-dividend date is Thursday, May 21st. This represents a c) dividend on an annualized basis and a yield of 8.3%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BGB. Sit Investment Associates Inc. boosted its position in Blackstone Strategic Credit 2027 Term Fund by 141.9% during the 4th quarter. Sit Investment Associates Inc. now owns 2,025,340 shares of the company’s stock valued at $23,859,000 after purchasing an additional 1,188,021 shares during the period. Elevation Point Wealth Partners LLC acquired a new position in Blackstone Strategic Credit 2027 Term Fund during the 3rd quarter valued at approximately $3,371,000. Transcend Capital Advisors LLC boosted its position in Blackstone Strategic Credit 2027 Term Fund by 91.2% during the 3rd quarter. Transcend Capital Advisors LLC now owns 539,523 shares of the company’s stock valued at $6,566,000 after purchasing an additional 257,381 shares during the period. Cresset Asset Management LLC boosted its position in Blackstone Strategic Credit 2027 Term Fund by 59.1% during the 3rd quarter. Cresset Asset Management LLC now owns 622,636 shares of the company’s stock valued at $7,577,000 after purchasing an additional 231,186 shares during the period. Finally, Lalia Capital LLC bought a new stake in Blackstone Strategic Credit 2027 Term Fund during the 4th quarter valued at $1,753,000.

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.