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 increase in short interest during the month of March. As of March 31st, there was short interest totaling 158,079 shares, an increase of 28.0% from the March 15th total of 123,476 shares. Based on an average daily trading volume, of 205,335 shares, the short-interest ratio is currently 0.8 days.

Hedge Funds Weigh In On Blackstone Strategic Credit 2027 Term Fund

Several hedge funds have recently added to or reduced their stakes in BGB. Sit Investment Associates Inc. grew its holdings 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 last quarter. Elevation Point Wealth Partners LLC bought a new position in Blackstone Strategic Credit 2027 Term Fund during the 3rd quarter valued at about $3,371,000. Transcend Capital Advisors LLC grew its holdings 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 last quarter. Cresset Asset Management LLC grew its holdings 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 last quarter. Finally, Lalia Capital LLC bought a new position in Blackstone Strategic Credit 2027 Term Fund during the 4th quarter valued at about $1,753,000.

Blackstone Strategic Credit 2027 Term Fund Trading Up 0.2%

Shares of NYSE:BGB opened at $11.28 on Thursday. 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 50-day moving average is $11.32 and its 200 day moving average is $11.66.

Blackstone Strategic Credit 2027 Term Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, May 29th. Investors of record on Thursday, May 21st will be issued a dividend of $0.079 per share. This represents a c) annualized dividend and a yield of 8.4%. The ex-dividend date is Thursday, May 21st.

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.