Blackstone Strategic Credit 2027 Term Fund (NYSE:BGB) Short Interest Update

Blackstone Strategic Credit 2027 Term Fund (NYSE:BGB) saw a large decline in short interest in March. As of March 15th, there was short interest totalling 116,000 shares, a decline of 58.0% from the February 28th total of 276,100 shares. Based on an average daily trading volume, of 200,100 shares, the days-to-cover ratio is presently 0.6 days.

Hedge Funds Weigh In On Blackstone Strategic Credit 2027 Term Fund

Institutional investors have recently modified their holdings of the business. US Bancorp DE acquired a new stake in Blackstone Strategic Credit 2027 Term Fund in the fourth quarter valued at about $45,000. Spire Wealth Management acquired a new stake in shares of Blackstone Strategic Credit 2027 Term Fund in the 4th quarter valued at approximately $67,000. Elequin Capital LP acquired a new stake in shares of Blackstone Strategic Credit 2027 Term Fund in the 4th quarter valued at approximately $103,000. Citadel Advisors LLC bought a new stake in shares of Blackstone Strategic Credit 2027 Term Fund during the 4th quarter valued at approximately $127,000. Finally, Apollon Wealth Management LLC acquired a new position in Blackstone Strategic Credit 2027 Term Fund during the 4th quarter worth approximately $148,000.

Blackstone Strategic Credit 2027 Term Fund Stock Performance

Shares of NYSE BGB remained flat at $12.03 during trading hours on Friday. 131,264 shares of the company traded hands, compared to its average volume of 180,638. Blackstone Strategic Credit 2027 Term Fund has a twelve month low of $11.58 and a twelve month high of $12.69. The firm has a fifty day moving average of $12.32 and a two-hundred day moving average of $12.35.

Blackstone Strategic Credit 2027 Term Fund Announces Dividend

The firm also recently declared a dividend, which will be paid on Monday, March 31st. Stockholders of record on Tuesday, March 25th will be paid a $0.089 dividend. The ex-dividend date of this dividend is Monday, March 24th. This represents a dividend yield of 8.83%.

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.