Short Interest in Blackstone Strategic Credit 2027 Term Fund (NYSE:BGB) Decreases By 63.2%

by · The Cerbat Gem

Blackstone Strategic Credit 2027 Term Fund (NYSE:BGB – Get Free Report) was the target of a significant decrease in short interest during the month of December. As of December 31st, there was short interest totaling 44,804 shares, a decrease of 63.2% from the December 15th total of 121,659 shares. Based on an average trading volume of 154,327 shares, the short-interest ratio is currently 0.3 days. Based on an average trading volume of 154,327 shares, the short-interest ratio is currently 0.3 days.

Institutional Trading of Blackstone Strategic Credit 2027 Term Fund

Several hedge funds have recently added to or reduced their stakes in the business. SeaCrest Wealth Management LLC acquired a new position in Blackstone Strategic Credit 2027 Term Fund during the 4th quarter worth $135,000. Stolper Co raised its stake in shares of Blackstone Strategic Credit 2027 Term Fund by 2.2% during the fourth quarter. Stolper Co now owns 60,417 shares of the company’s stock valued at $712,000 after purchasing an additional 1,284 shares in the last quarter. Noble Wealth Management PBC lifted its holdings in Blackstone Strategic Credit 2027 Term Fund by 213.8% in the fourth quarter. Noble Wealth Management PBC now owns 6,275 shares of the company’s stock worth $74,000 after purchasing an additional 4,275 shares during the period. Moors & Cabot Inc. grew its position in Blackstone Strategic Credit 2027 Term Fund by 9.1% in the 3rd quarter. Moors & Cabot Inc. now owns 23,050 shares of the company’s stock valued at $281,000 after buying an additional 1,925 shares in the last quarter. Finally, Elevation Point Wealth Partners LLC acquired a new position in Blackstone Strategic Credit 2027 Term Fund during the 3rd quarter valued at about $3,371,000.

Blackstone Strategic Credit 2027 Term Fund Trading Up 0.1%

NYSE:BGB traded up $0.01 during mid-day trading on Wednesday, hitting $11.95. The stock had a trading volume of 107,299 shares, compared to its average volume of 132,267. The company has a 50 day simple moving average of $11.83 and a 200-day simple moving average of $12.10. Blackstone Strategic Credit 2027 Term Fund has a 52 week low of $10.47 and a 52 week high of $12.65.

Blackstone Strategic Credit 2027 Term Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 20th will be given a dividend of $0.077 per share. The ex-dividend date is Friday, February 20th. This represents a c) annualized dividend and a dividend yield of 7.7%.

About Blackstone Strategic Credit 2027 Term Fund

(Get Free Report)

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.

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