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

Blackstone Strategic Credit 2027 Term Fund (NYSE:BGB) was the target of a significant decline in short interest during the month of March. As of March 13th, there was short interest totaling 123,476 shares, a decline of 16.7% from the February 26th total of 148,225 shares. Based on an average trading volume of 221,166 shares, the days-to-cover ratio is presently 0.6 days.

Hedge Funds Weigh In On Blackstone Strategic Credit 2027 Term Fund

Several institutional investors and hedge funds have recently made changes to their positions in the business. Eagle Bay Advisors LLC acquired a new stake in shares of Blackstone Strategic Credit 2027 Term Fund during the fourth quarter worth approximately $33,000. Kestra Advisory Services LLC acquired a new stake in Blackstone Strategic Credit 2027 Term Fund in the fourth quarter valued at $35,000. Noble Wealth Management PBC boosted its stake in Blackstone Strategic Credit 2027 Term Fund by 213.8% during the 4th quarter. Noble Wealth Management PBC now owns 6,275 shares of the company’s stock valued at $74,000 after acquiring an additional 4,275 shares during the last quarter. Cary Street Partners Investment Advisory LLC boosted its stake in Blackstone Strategic Credit 2027 Term Fund by 15.6% during the 2nd quarter. Cary Street Partners Investment Advisory LLC now owns 7,400 shares of the company’s stock valued at $90,000 after acquiring an additional 1,000 shares during the last quarter. Finally, Adalta Capital Management LLC acquired a new position in Blackstone Strategic Credit 2027 Term Fund during the 4th quarter worth $119,000.

Blackstone Strategic Credit 2027 Term Fund Trading Down 0.1%

NYSE:BGB opened at $10.93 on Monday. Blackstone Strategic Credit 2027 Term Fund has a one year low of $10.47 and a one year high of $12.65. The business’s 50-day simple moving average is $11.49 and its 200 day simple moving average is $11.77.

Blackstone Strategic Credit 2027 Term Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, May 29th. Shareholders of record on Thursday, May 21st will be issued a dividend of $0.079 per share. The ex-dividend date is Thursday, May 21st. This represents a c) annualized dividend and a yield of 8.7%.

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.