Blackstone Strategic Credit 2027 Term Fund (NYSE:BGB) Short Interest Down 62.5% in July

Blackstone Strategic Credit 2027 Term Fund (NYSE:BGB) saw a significant decrease in short interest in July. As of July 15th, there was short interest totaling 50,742 shares, a decrease of 62.5% from the June 30th total of 135,414 shares. Based on an average daily volume of 118,098 shares, the short-interest ratio is currently 0.4 days.

Institutional Trading of Blackstone Strategic Credit 2027 Term Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bank of America Corp DE lifted its position in Blackstone Strategic Credit 2027 Term Fund by 2.2% during the 1st quarter. Bank of America Corp DE now owns 1,973,911 shares of the company’s stock valued at $22,009,000 after purchasing an additional 42,416 shares during the period. Calamos Advisors LLC raised its stake in shares of Blackstone Strategic Credit 2027 Term Fund by 13.5% during the first quarter. Calamos Advisors LLC now owns 34,943 shares of the company’s stock worth $390,000 after buying an additional 4,160 shares during the last quarter. Fifth Third Bancorp acquired a new position in Blackstone Strategic Credit 2027 Term Fund in the first quarter valued at approximately $118,000. Walled Lake Planning & Wealth Management LLC lifted its holdings in Blackstone Strategic Credit 2027 Term Fund by 44.6% in the first quarter. Walled Lake Planning & Wealth Management LLC now owns 27,575 shares of the company’s stock valued at $307,000 after buying an additional 8,500 shares during the period. Finally, Kathmere Capital Management LLC bought a new position in Blackstone Strategic Credit 2027 Term Fund in the first quarter valued at approximately $143,000.

Blackstone Strategic Credit 2027 Term Fund Stock Performance

Shares of Blackstone Strategic Credit 2027 Term Fund stock traded down $0.03 during midday trading on Tuesday, reaching $11.18. The company had a trading volume of 159,129 shares, compared to its average volume of 138,554. The stock has a fifty day simple moving average of $11.30 and a 200 day simple moving average of $11.40. Blackstone Strategic Credit 2027 Term Fund has a 1-year low of $10.85 and a 1-year high of $12.65.

Blackstone Strategic Credit 2027 Term Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 24th will be paid a dividend of $0.076 per share. This represents a c) annualized dividend and a dividend yield of 8.2%. The ex-dividend date of this dividend is Monday, August 24th.

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.