Short Interest in Blackstone Strategic Credit 2027 Term Fund (NYSE:BGB) Expands By 181.1%

Blackstone Strategic Credit 2027 Term Fund (NYSE:BGB) saw a significant increase in short interest in the month of February. As of February 15th, there was short interest totalling 402,800 shares, an increase of 181.1% from the January 31st total of 143,300 shares. Based on an average daily volume of 199,400 shares, the short-interest ratio is presently 2.0 days.

Institutional Investors Weigh In On Blackstone Strategic Credit 2027 Term Fund

A number of large investors have recently added to or reduced their stakes in the stock. Choreo LLC grew its holdings in shares of Blackstone Strategic Credit 2027 Term Fund by 30.4% during the 4th quarter. Choreo LLC now owns 38,146 shares of the company’s stock valued at $466,000 after purchasing an additional 8,898 shares during the last quarter. Spire Wealth Management bought a new position in Blackstone Strategic Credit 2027 Term Fund during the fourth quarter worth $67,000. Jane Street Group LLC bought a new stake in Blackstone Strategic Credit 2027 Term Fund during the third quarter valued at $197,000. Stifel Financial Corp grew its holdings in Blackstone Strategic Credit 2027 Term Fund by 29.7% during the 3rd quarter. Stifel Financial Corp now owns 91,295 shares of the company’s stock worth $1,125,000 after acquiring an additional 20,879 shares during the period. Finally, Rockefeller Capital Management L.P. raised its position in shares of Blackstone Strategic Credit 2027 Term Fund by 1.5% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 69,653 shares of the company’s stock worth $858,000 after acquiring an additional 1,020 shares in the last quarter.

Blackstone Strategic Credit 2027 Term Fund Stock Down 0.0 %

BGB stock traded down $0.01 during trading hours on Friday, hitting $12.32. 190,497 shares of the stock were exchanged, compared to its average volume of 177,531. Blackstone Strategic Credit 2027 Term Fund has a 12 month low of $11.58 and a 12 month high of $12.69. The company has a 50-day simple moving average of $12.37 and a two-hundred day simple moving average of $12.36.

Blackstone Strategic Credit 2027 Term Fund Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 21st will be paid a $0.089 dividend. This represents a yield of 8.67%. The ex-dividend date of this dividend is Friday, February 21st.

Blackstone Strategic Credit 2027 Term Fund Company Profile

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.