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

Blackstone Strategic Credit 2027 Term Fund (NYSE:BGB) saw a large drop in short interest in February. As of February 28th, there was short interest totalling 276,100 shares, a drop of 31.5% from the February 13th total of 402,800 shares. Based on an average trading volume of 203,800 shares, the short-interest ratio is presently 1.4 days.

Hedge Funds Weigh In On Blackstone Strategic Credit 2027 Term Fund

Hedge funds and other institutional investors have recently bought and sold shares of the business. Pathstone Holdings LLC boosted its holdings in shares of Blackstone Strategic Credit 2027 Term Fund by 15.3% during the third quarter. Pathstone Holdings LLC now owns 1,891,571 shares of the company’s stock worth $23,305,000 after acquiring an additional 251,419 shares during the period. Avior Wealth Management LLC boosted its holdings in shares of Blackstone Strategic Credit 2027 Term Fund by 14.6% during the third quarter. Avior Wealth Management LLC now owns 24,315 shares of the company’s stock worth $300,000 after acquiring an additional 3,091 shares during the period. Advisors Asset Management Inc. boosted its holdings in shares of Blackstone Strategic Credit 2027 Term Fund by 62.0% during the third quarter. Advisors Asset Management Inc. now owns 448,817 shares of the company’s stock worth $5,529,000 after acquiring an additional 171,790 shares during the period. Moors & Cabot Inc. boosted its holdings in shares of Blackstone Strategic Credit 2027 Term Fund by 22.7% during the third quarter. Moors & Cabot Inc. now owns 13,500 shares of the company’s stock worth $166,000 after acquiring an additional 2,500 shares during the period. Finally, Rockefeller Capital Management L.P. boosted its holdings in shares of Blackstone Strategic Credit 2027 Term Fund by 1.5% during the third 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 during the period.

Blackstone Strategic Credit 2027 Term Fund Stock Performance

Shares of NYSE BGB opened at $12.11 on Tuesday. The business has a 50-day moving average of $12.34 and a 200-day moving average of $12.36. Blackstone Strategic Credit 2027 Term Fund has a fifty-two week low of $11.58 and a fifty-two week high of $12.69.

Blackstone Strategic Credit 2027 Term Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, May 30th. Investors of record on Thursday, May 22nd will be issued a dividend of $0.089 per share. This represents a $1.07 dividend on an annualized basis and a yield of 8.82%. The ex-dividend date of this dividend is Thursday, May 22nd.

About Blackstone Strategic Credit 2027 Term Fund

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.