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

Blackstone Strategic Credit 2027 Term Fund (NYSE:BGB) was the recipient of a large decline in short interest in 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 trading volume of 118,098 shares, the short-interest ratio is presently 0.4 days.

Blackstone Strategic Credit 2027 Term Fund Price Performance

NYSE BGB opened at $11.18 on Wednesday. Blackstone Strategic Credit 2027 Term Fund has a 52 week low of $10.85 and a 52 week high of $12.65. The stock’s 50-day moving average price is $11.30 and its 200-day moving average price is $11.40.

Blackstone Strategic Credit 2027 Term Fund Announces Dividend

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

Institutional Trading of Blackstone Strategic Credit 2027 Term Fund

Several institutional investors have recently made changes to their positions in BGB. Eagle Bay Advisors LLC purchased a new position in Blackstone Strategic Credit 2027 Term Fund in the 4th quarter worth approximately $33,000. Kestra Advisory Services LLC bought a new stake in shares of Blackstone Strategic Credit 2027 Term Fund during the fourth quarter valued at approximately $35,000. Fifth Third Bancorp purchased a new position in shares of Blackstone Strategic Credit 2027 Term Fund in the first quarter worth $118,000. Adalta Capital Management LLC purchased a new position in shares of Blackstone Strategic Credit 2027 Term Fund in the fourth quarter worth $119,000. Finally, Comerica Bank lifted its holdings in shares of Blackstone Strategic Credit 2027 Term Fund by 32.9% in the fourth quarter. Comerica Bank now owns 10,478 shares of the company’s stock worth $123,000 after buying an additional 2,595 shares in the last quarter.

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.