Short Interest in Blackstone Strategic Credit 2027 Term Fund (NYSE:BGB) Declines By 16.7%

Blackstone Strategic Credit 2027 Term Fund (NYSE:BGB) was the recipient of a significant drop in short interest during the month of March. As of March 13th, there was short interest totaling 123,476 shares, a drop of 16.7% from the February 26th total of 148,225 shares. Based on an average daily volume of 221,166 shares, the short-interest ratio is presently 0.6 days.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Eagle Bay Advisors LLC acquired a new position in shares of Blackstone Strategic Credit 2027 Term Fund in the 4th quarter valued at $33,000. Kestra Advisory Services LLC acquired a new position in Blackstone Strategic Credit 2027 Term Fund in the fourth quarter valued at about $35,000. Noble Wealth Management PBC boosted its stake in Blackstone Strategic Credit 2027 Term Fund by 213.8% during the fourth quarter. Noble Wealth Management PBC now owns 6,275 shares of the company’s stock worth $74,000 after buying an additional 4,275 shares during the period. Cary Street Partners Investment Advisory LLC increased its position in shares of Blackstone Strategic Credit 2027 Term Fund by 15.6% during the second quarter. Cary Street Partners Investment Advisory LLC now owns 7,400 shares of the company’s stock valued at $90,000 after acquiring an additional 1,000 shares during the last quarter. Finally, Adalta Capital Management LLC purchased a new stake in shares of Blackstone Strategic Credit 2027 Term Fund in the 4th quarter valued at approximately $119,000.

Blackstone Strategic Credit 2027 Term Fund Stock Performance

NYSE:BGB traded up $0.16 on Tuesday, hitting $11.13. The stock had a trading volume of 183,953 shares, compared to its average volume of 160,504. The company has a fifty day moving average price of $11.46 and a two-hundred day moving average price of $11.75. Blackstone Strategic Credit 2027 Term Fund has a 1-year low of $10.47 and a 1-year high of $12.65.

Blackstone Strategic Credit 2027 Term Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, May 29th. Stockholders of record on Thursday, May 21st will be given a dividend of $0.079 per share. This represents a c) annualized dividend and a dividend yield of 8.5%. The ex-dividend date of this dividend is Thursday, May 21st.

About Blackstone Strategic Credit 2027 Term Fund

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.