Short Interest in Blackstone Strategic Credit 2027 Term Fund (NYSE:BGB) Rises By 77.3%

Blackstone Strategic Credit 2027 Term Fund (NYSE:BGB) was the recipient of a large increase in short interest in December. As of December 31st, there was short interest totalling 242,700 shares, an increase of 77.3% from the December 15th total of 136,900 shares. Based on an average daily volume of 167,100 shares, the days-to-cover ratio is presently 1.5 days.

Blackstone Strategic Credit 2027 Term Fund Trading Up 0.7 %

Shares of BGB opened at $12.22 on Wednesday. The business’s fifty day moving average is $12.38 and its 200-day moving average is $12.25. Blackstone Strategic Credit 2027 Term Fund has a 52-week low of $11.40 and a 52-week high of $12.69.

Blackstone Strategic Credit 2027 Term Fund Cuts Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were paid a $0.089 dividend. This represents a yield of 8.67%. The ex-dividend date of this dividend was Monday, December 23rd.

Institutional Trading of Blackstone Strategic Credit 2027 Term Fund

A number of hedge funds and other institutional investors have recently modified their holdings of BGB. HighTower Advisors LLC lifted its stake in shares of Blackstone Strategic Credit 2027 Term Fund by 9.5% in the 3rd quarter. HighTower Advisors LLC now owns 856,327 shares of the company’s stock valued at $10,545,000 after acquiring an additional 74,478 shares during the last quarter. Moors & Cabot Inc. raised its position in Blackstone Strategic Credit 2027 Term Fund by 22.7% in the third quarter. Moors & Cabot Inc. now owns 13,500 shares of the company’s stock valued at $166,000 after purchasing an additional 2,500 shares during the last quarter. Avior Wealth Management LLC raised its position in Blackstone Strategic Credit 2027 Term Fund by 14.6% in the third quarter. Avior Wealth Management LLC now owns 24,315 shares of the company’s stock valued at $300,000 after purchasing an additional 3,091 shares during the last quarter. Advisors Asset Management Inc. boosted its stake 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 valued at $5,529,000 after purchasing an additional 171,790 shares in the last quarter. Finally, Pathstone Holdings LLC grew 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 purchasing an additional 251,419 shares during the last quarter.

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.