Blackstone Strategic Credit 2027 Term Fund (NYSE:BGB) Short Interest Up 41.3% in December

Blackstone Strategic Credit 2027 Term Fund (NYSE:BGB) was the recipient of a large increase in short interest during the month of December. As of December 15th, there was short interest totalling 136,900 shares, an increase of 41.3% from the November 30th total of 96,900 shares. Based on an average daily trading volume, of 176,500 shares, the short-interest ratio is currently 0.8 days.

Blackstone Strategic Credit 2027 Term Fund Stock Down 0.2 %

NYSE BGB traded down $0.03 during trading hours on Monday, hitting $12.20. The company had a trading volume of 233,393 shares, compared to its average volume of 170,113. The firm’s 50 day moving average is $12.39 and its 200 day moving average is $12.23. Blackstone Strategic Credit 2027 Term Fund has a fifty-two week low of $11.20 and a fifty-two week high of $12.69.

Blackstone Strategic Credit 2027 Term Fund Cuts Dividend

The business also recently declared a dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd will be given a dividend of $0.089 per share. The ex-dividend date is Monday, December 23rd. This represents a dividend yield of 8.67%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Jane Street Group LLC acquired a new stake in shares of Blackstone Strategic Credit 2027 Term Fund during the 3rd quarter valued at $197,000. Stifel Financial Corp boosted its holdings in shares of Blackstone Strategic Credit 2027 Term Fund by 29.7% during the 3rd quarter. Stifel Financial Corp now owns 91,295 shares of the company’s stock worth $1,125,000 after buying an additional 20,879 shares during the period. HighTower Advisors LLC boosted its holdings in shares of Blackstone Strategic Credit 2027 Term Fund by 9.5% during the 3rd quarter. HighTower Advisors LLC now owns 856,327 shares of the company’s stock worth $10,545,000 after buying an additional 74,478 shares during the period. Rockefeller Capital Management L.P. raised its holdings in Blackstone Strategic Credit 2027 Term Fund by 1.5% in the 3rd 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. Finally, Moors & Cabot Inc. lifted its position in Blackstone Strategic Credit 2027 Term Fund by 22.7% during the 3rd 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 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.