Blackstone Strategic Credit 2027 Term Fund (NYSE:BGB) Short Interest Up 125.9% in May

Blackstone Strategic Credit 2027 Term Fund (NYSE:BGB) was the target of a large growth in short interest during the month of May. As of May 15th, there was short interest totaling 99,687 shares, a growth of 125.9% from the April 30th total of 44,133 shares. Based on an average daily trading volume, of 133,937 shares, the short-interest ratio is presently 0.7 days.

Blackstone Strategic Credit 2027 Term Fund Stock Down 0.3%

Shares of NYSE BGB traded down $0.04 during midday trading on Tuesday, reaching $11.34. 142,896 shares of the stock were exchanged, compared to its average volume of 145,840. The company has a 50 day simple moving average of $11.29 and a 200 day simple moving average of $11.55. Blackstone Strategic Credit 2027 Term Fund has a twelve month low of $10.85 and a twelve month high of $12.65.

Blackstone Strategic Credit 2027 Term Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Friday, May 29th. Investors of record on Thursday, May 21st were issued a $0.079 dividend. This represents a c) annualized dividend and a yield of 8.4%. The ex-dividend date was Thursday, May 21st.

Institutional Trading of Blackstone Strategic Credit 2027 Term Fund

Institutional investors and hedge funds have recently bought and sold shares of the stock. Eagle Bay Advisors LLC purchased a new stake in shares of Blackstone Strategic Credit 2027 Term Fund in the 4th quarter valued at approximately $33,000. Kestra Advisory Services LLC acquired a new position in shares of Blackstone Strategic Credit 2027 Term Fund in the 4th quarter worth approximately $35,000. Noble Wealth Management PBC lifted its holdings in shares of Blackstone Strategic Credit 2027 Term Fund by 213.8% in the 4th quarter. Noble Wealth Management PBC now owns 6,275 shares of the company’s stock worth $74,000 after acquiring an additional 4,275 shares during the last quarter. Adalta Capital Management LLC acquired a new position in Blackstone Strategic Credit 2027 Term Fund during the fourth quarter worth $119,000. Finally, Comerica Bank lifted 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 purchasing an additional 2,595 shares in the last quarter.

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.