Short Interest in Blackstone Strategic Credit 2027 Term Fund (NYSE:BGB) Drops By 58.0%

Blackstone Strategic Credit 2027 Term Fund (NYSE:BGB) saw a significant decline in short interest during the month of 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 volume of 200,100 shares, the short-interest ratio is currently 0.6 days.

Blackstone Strategic Credit 2027 Term Fund Stock Down 0.3 %

Blackstone Strategic Credit 2027 Term Fund stock opened at $12.08 on Thursday. Blackstone Strategic Credit 2027 Term Fund has a 52-week low of $11.58 and a 52-week high of $12.69. The firm’s fifty day moving average is $12.32 and its 200 day moving average is $12.35.

Blackstone Strategic Credit 2027 Term Fund Announces Dividend

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

Institutional Investors Weigh In On Blackstone Strategic Credit 2027 Term Fund

Several large investors have recently added to or reduced their stakes in the stock. Rockefeller Capital Management L.P. boosted its holdings in shares of Blackstone Strategic Credit 2027 Term Fund by 1.4% in the 4th quarter. Rockefeller Capital Management L.P. now owns 70,612 shares of the company’s stock worth $864,000 after purchasing an additional 959 shares during the period. Moors & Cabot Inc. boosted its stake in Blackstone Strategic Credit 2027 Term Fund by 7.2% during the fourth quarter. Moors & Cabot Inc. now owns 14,475 shares of the company’s stock worth $177,000 after buying an additional 975 shares during the period. Selway Asset Management increased its position in Blackstone Strategic Credit 2027 Term Fund by 5.1% during the fourth quarter. Selway Asset Management now owns 51,905 shares of the company’s stock valued at $635,000 after acquiring an additional 2,500 shares during the last quarter. US Bancorp DE purchased a new stake in shares of Blackstone Strategic Credit 2027 Term Fund in the fourth quarter valued at $45,000. Finally, Spire Wealth Management bought a new stake in shares of Blackstone Strategic Credit 2027 Term Fund in the 4th quarter worth about $67,000.

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.