Blackstone Strategic Credit 2027 Term Fund (NYSE:BGB) Short Interest Update

Blackstone Strategic Credit 2027 Term Fund (NYSE:BGB) saw a significant increase in short interest during the month of September. As of September 15th, there was short interest totalling 145,300 shares, an increase of 124.9% from the August 31st total of 64,600 shares. Based on an average trading volume of 197,600 shares, the days-to-cover ratio is currently 0.7 days.

Blackstone Strategic Credit 2027 Term Fund Stock Performance

NYSE:BGB traded down $0.05 on Friday, hitting $12.26. 170,927 shares of the stock were exchanged, compared to its average volume of 167,392. Blackstone Strategic Credit 2027 Term Fund has a 52 week low of $10.47 and a 52 week high of $12.48. The company’s 50-day moving average price is $12.14 and its 200 day moving average price is $11.99.

Blackstone Strategic Credit 2027 Term Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Thursday, November 21st will be paid a $0.093 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $1.12 dividend on an annualized basis and a yield of 9.10%.

Institutional Trading of Blackstone Strategic Credit 2027 Term Fund

A number of institutional investors have recently bought and sold shares of the business. Wells Fargo & Company MN boosted its stake in Blackstone Strategic Credit 2027 Term Fund by 7.4% during the 4th quarter. Wells Fargo & Company MN now owns 1,115,569 shares of the company’s stock worth $12,628,000 after acquiring an additional 76,807 shares during the last quarter. Commonwealth Equity Services LLC grew its holdings in shares of Blackstone Strategic Credit 2027 Term Fund by 10.9% in the 2nd quarter. Commonwealth Equity Services LLC now owns 608,921 shares of the company’s stock valued at $7,240,000 after buying an additional 60,037 shares during the period. Transcend Capital Advisors LLC grew its holdings in shares of Blackstone Strategic Credit 2027 Term Fund by 16.0% in the 2nd quarter. Transcend Capital Advisors LLC now owns 449,567 shares of the company’s stock valued at $5,345,000 after buying an additional 62,098 shares during the period. Advisors Asset Management Inc. increased its position in shares of Blackstone Strategic Credit 2027 Term Fund by 44.5% in the 1st quarter. Advisors Asset Management Inc. now owns 248,303 shares of the company’s stock valued at $2,955,000 after buying an additional 76,499 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in Blackstone Strategic Credit 2027 Term Fund by 11.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 174,089 shares of the company’s stock worth $2,070,000 after buying an additional 17,665 shares during the period.

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.