Blackstone Strategic Credit 2027 Term Fund (NYSE:BGB) Short Interest Down 90.2% in August

Blackstone Strategic Credit 2027 Term Fund (NYSE:BGB) saw a significant decline in short interest in August. As of August 14th, there was short interest totaling 5,239 shares, a decline of 90.2% from the July 30th total of 53,607 shares. Based on an average daily volume of 133,800 shares, the short-interest ratio is presently 0.0 days.

Blackstone Strategic Credit 2027 Term Fund Stock Up 0.1%

BGB traded up $0.01 on Tuesday, hitting $11.20. 323,399 shares of the company’s stock traded hands, compared to its average volume of 139,217. The company’s 50 day simple moving average is $11.28 and its 200-day simple moving average is $11.31. Blackstone Strategic Credit 2027 Term Fund has a one year low of $10.85 and a one year high of $12.60.

Blackstone Strategic Credit 2027 Term Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 24th will be paid a dividend of $0.076 per share. This represents a c) annualized dividend and a yield of 8.1%. The ex-dividend date of this dividend is Monday, August 24th.

Institutional Investors Weigh In On Blackstone Strategic Credit 2027 Term Fund

Several hedge funds and other institutional investors have recently made changes to their positions in BGB. Sit Investment Associates Inc. boosted its position in Blackstone Strategic Credit 2027 Term Fund by 141.9% during the fourth 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 in the last quarter. Lalia Capital LLC purchased a new position in shares of Blackstone Strategic Credit 2027 Term Fund during the fourth quarter worth $1,753,000. Quantify Chaos Advisors LLC purchased a new position in shares of Blackstone Strategic Credit 2027 Term Fund in the 4th quarter valued at about $813,000. Clear Harbor Asset Management LLC boosted its holdings in Blackstone Strategic Credit 2027 Term Fund by 290.8% in the 4th quarter. Clear Harbor Asset Management LLC now owns 82,570 shares of the company’s stock worth $973,000 after buying an additional 61,442 shares during the last quarter. Finally, LPL Financial LLC grew its stake in Blackstone Strategic Credit 2027 Term Fund by 20.7% during the 4th quarter. LPL Financial LLC now owns 335,974 shares of the company’s stock valued at $3,958,000 after acquiring an additional 57,557 shares in the last quarter.

About Blackstone Strategic Credit 2027 Term Fund

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.