Blackstone Strategic Credit 2027 Term Fund (NYSE:BGB) Short Interest Down 37.6% in August

Blackstone Strategic Credit 2027 Term Fund (NYSE:BGB) saw a large drop in short interest during the month of August. As of August 31st, there was short interest totalling 64,600 shares, a drop of 37.6% from the August 15th total of 103,600 shares. Based on an average daily volume of 188,000 shares, the short-interest ratio is currently 0.3 days.

Institutional Trading of Blackstone Strategic Credit 2027 Term Fund

Several institutional investors have recently modified their holdings of the company. Commonwealth Equity Services LLC lifted its position in Blackstone Strategic Credit 2027 Term Fund by 72.3% in the first quarter. Commonwealth Equity Services LLC now owns 548,884 shares of the company’s stock worth $6,532,000 after purchasing an additional 230,363 shares during the period. Robinson Capital Management LLC lifted its holdings in shares of Blackstone Strategic Credit 2027 Term Fund by 215.3% during the 4th quarter. Robinson Capital Management LLC now owns 125,361 shares of the company’s stock worth $1,419,000 after acquiring an additional 85,602 shares during the period. Cetera Advisors LLC acquired a new stake in shares of Blackstone Strategic Credit 2027 Term Fund during the 1st quarter valued at about $987,000. Wells Fargo & Company MN increased its stake in Blackstone Strategic Credit 2027 Term Fund by 7.4% in the fourth quarter. Wells Fargo & Company MN now owns 1,115,569 shares of the company’s stock valued at $12,628,000 after acquiring an additional 76,807 shares during the period. Finally, Advisors Asset Management Inc. raised its position in Blackstone Strategic Credit 2027 Term Fund by 44.5% in the first quarter. Advisors Asset Management Inc. now owns 248,303 shares of the company’s stock worth $2,955,000 after purchasing an additional 76,499 shares in the last quarter.

Blackstone Strategic Credit 2027 Term Fund Stock Down 1.0 %

BGB stock traded down $0.12 during trading on Friday, reaching $12.29. 264,795 shares of the stock were exchanged, compared to its average volume of 166,446. Blackstone Strategic Credit 2027 Term Fund has a twelve month low of $10.47 and a twelve month high of $12.48. The stock has a 50 day simple moving average of $12.08 and a 200-day simple moving average of $11.95.

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.