Short Interest in Blackstone Strategic Credit 2027 Term Fund (NYSE:BGB) Drops By 29.4%

Blackstone Strategic Credit 2027 Term Fund (NYSE:BGB) was the target of a significant decline in short interest during the month of September. As of September 15th, there was short interest totaling 192,300 shares, a decline of 29.4% from the August 31st total of 272,200 shares. Based on an average daily trading volume, of 133,400 shares, the short-interest ratio is currently 1.4 days. Based on an average daily trading volume, of 133,400 shares, the short-interest ratio is currently 1.4 days.

Institutional Trading of Blackstone Strategic Credit 2027 Term Fund

Several institutional investors and hedge funds have recently bought and sold shares of the business. Osaic Holdings Inc. boosted its stake in shares of Blackstone Strategic Credit 2027 Term Fund by 34.2% during the 2nd quarter. Osaic Holdings Inc. now owns 84,947 shares of the company’s stock worth $1,030,000 after acquiring an additional 21,652 shares during the period. Raymond James Financial Inc. boosted its position in Blackstone Strategic Credit 2027 Term Fund by 10.4% during the second quarter. Raymond James Financial Inc. now owns 305,741 shares of the company’s stock worth $3,706,000 after purchasing an additional 28,757 shares during the period. Cary Street Partners Financial LLC increased its holdings in shares of Blackstone Strategic Credit 2027 Term Fund by 16.9% in the second quarter. Cary Street Partners Financial LLC now owns 99,829 shares of the company’s stock valued at $1,210,000 after purchasing an additional 14,437 shares during the last quarter. Cary Street Partners Investment Advisory LLC raised its position in shares of Blackstone Strategic Credit 2027 Term Fund by 15.6% in the second quarter. Cary Street Partners Investment Advisory LLC now owns 7,400 shares of the company’s stock valued at $90,000 after purchasing an additional 1,000 shares during the period. Finally, Cresset Asset Management LLC lifted its stake in shares of Blackstone Strategic Credit 2027 Term Fund by 82.4% during the 2nd quarter. Cresset Asset Management LLC now owns 391,450 shares of the company’s stock worth $4,744,000 after buying an additional 176,890 shares during the last quarter.

Blackstone Strategic Credit 2027 Term Fund Trading Down 1.0%

Shares of BGB stock opened at $12.04 on Monday. The company has a fifty day moving average price of $12.40 and a two-hundred day moving average price of $12.09. Blackstone Strategic Credit 2027 Term Fund has a one year low of $10.47 and a one year high of $12.69.

Blackstone Strategic Credit 2027 Term Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, November 28th. Investors of record on Thursday, November 20th will be issued a dividend of $0.078 per share. The ex-dividend date is Thursday, November 20th. This represents a c) dividend on an annualized basis and a yield of 7.8%.

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.