Blackstone Strategic Credit 2027 Term Fund (NYSE:BGB) Sees Significant Drop in Short Interest

Blackstone Strategic Credit 2027 Term Fund (NYSE:BGB) was the target of a significant decline in short interest during the month of July. As of July 15th, there was short interest totaling 50,742 shares, a decline of 62.5% from the June 30th total of 135,414 shares. Based on an average daily trading volume, of 118,098 shares, the short-interest ratio is currently 0.4 days.

Hedge Funds Weigh In On Blackstone Strategic Credit 2027 Term Fund

Several institutional investors have recently added to or reduced their stakes in BGB. &PARTNERS boosted its stake in Blackstone Strategic Credit 2027 Term Fund by 25.9% in the 4th quarter. &PARTNERS now owns 78,552 shares of the company’s stock worth $925,000 after buying an additional 16,174 shares during the last quarter. NewEdge Advisors LLC grew its holdings in Blackstone Strategic Credit 2027 Term Fund by 2.2% in the 4th quarter. NewEdge Advisors LLC now owns 64,389 shares of the company’s stock valued at $759,000 after buying an additional 1,400 shares during the period. Envestnet Asset Management Inc. increased its stake in shares of Blackstone Strategic Credit 2027 Term Fund by 5.4% during the 3rd quarter. Envestnet Asset Management Inc. now owns 29,402 shares of the company’s stock valued at $358,000 after acquiring an additional 1,510 shares during the last quarter. Kestra Advisory Services LLC acquired a new position in shares of Blackstone Strategic Credit 2027 Term Fund during the 4th quarter valued at about $35,000. Finally, Fifth Third Bancorp purchased a new position in shares of Blackstone Strategic Credit 2027 Term Fund during the 1st quarter worth about $118,000.

Blackstone Strategic Credit 2027 Term Fund Stock Performance

Shares of NYSE BGB opened at $11.20 on Monday. Blackstone Strategic Credit 2027 Term Fund has a 1 year low of $10.85 and a 1 year high of $12.65. The firm’s 50 day moving average price is $11.31 and its 200 day moving average price is $11.40.

Blackstone Strategic Credit 2027 Term Fund Dividend Announcement

The firm also recently declared 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) dividend on an annualized basis and a dividend yield of 8.1%. The ex-dividend date of this dividend is Monday, August 24th.

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.