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

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

Institutional Investors Weigh In On Blackstone Strategic Credit 2027 Term Fund

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Invictus Private Wealth LLC raised its position in shares of Blackstone Strategic Credit 2027 Term Fund by 1.7% during the third quarter. Invictus Private Wealth LLC now owns 53,919 shares of the company’s stock worth $664,000 after purchasing an additional 904 shares during the period. Rockefeller Capital Management L.P. raised its position in shares of Blackstone Strategic Credit 2027 Term Fund by 1.5% during the third quarter. Rockefeller Capital Management L.P. now owns 69,653 shares of the company’s stock worth $858,000 after purchasing an additional 1,020 shares during the period. Moors & Cabot Inc. raised its position in shares of Blackstone Strategic Credit 2027 Term Fund by 22.7% during the third quarter. Moors & Cabot Inc. now owns 13,500 shares of the company’s stock worth $166,000 after purchasing an additional 2,500 shares during the period. Avior Wealth Management LLC raised its position in shares of Blackstone Strategic Credit 2027 Term Fund by 14.6% during the third quarter. Avior Wealth Management LLC now owns 24,315 shares of the company’s stock worth $300,000 after purchasing an additional 3,091 shares during the period. Finally, Choreo LLC raised its position in shares of Blackstone Strategic Credit 2027 Term Fund by 10.7% during the second quarter. Choreo LLC now owns 33,281 shares of the company’s stock worth $397,000 after purchasing an additional 3,226 shares during the period.

Blackstone Strategic Credit 2027 Term Fund Price Performance

BGB opened at $12.28 on Friday. The stock’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 one year low of $11.40 and a one year high of $12.69.

Blackstone Strategic Credit 2027 Term Fund Cuts Dividend

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

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.