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

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

Institutional Investors Weigh In On Blackstone Strategic Credit 2027 Term Fund

Hedge funds have recently added to or reduced their stakes in the business. Kestra Advisory Services LLC purchased a new position in Blackstone Strategic Credit 2027 Term Fund in the 4th quarter valued at about $35,000. Fifth Third Bancorp acquired a new position in shares of Blackstone Strategic Credit 2027 Term Fund during the 1st quarter valued at about $118,000. Adalta Capital Management LLC purchased a new stake in shares of Blackstone Strategic Credit 2027 Term Fund in the 4th quarter valued at approximately $119,000. Comerica Bank increased its stake in Blackstone Strategic Credit 2027 Term Fund by 32.9% during the fourth quarter. Comerica Bank now owns 10,478 shares of the company’s stock worth $123,000 after acquiring an additional 2,595 shares during the last quarter. Finally, 1776 Wealth LLC acquired a new stake in shares of Blackstone Strategic Credit 2027 Term Fund during the 4th quarter worth about $129,000.

Blackstone Strategic Credit 2027 Term Fund Stock Performance

Shares of Blackstone Strategic Credit 2027 Term Fund stock traded down $0.01 during trading on Thursday, hitting $11.18. 172,822 shares of the stock traded hands, compared to its average volume of 139,707. The stock’s fifty 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 52-week low of $10.85 and a 52-week high of $12.60.

Blackstone Strategic Credit 2027 Term Fund Announces Dividend

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

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.