Blackstone Strategic Credit 2027 Term Fund (NYSE:BGB) Sees Large Decline in Short Interest

Blackstone Strategic Credit 2027 Term Fund (NYSE:BGB) was the recipient of a significant decline in short interest in the month of February. As of February 28th, there was short interest totalling 276,100 shares, a decline of 31.5% from the February 13th total of 402,800 shares. Based on an average daily volume of 203,800 shares, the days-to-cover ratio is currently 1.4 days.

Institutional Trading of Blackstone Strategic Credit 2027 Term Fund

A number of large investors have recently made changes to their positions in BGB. US Bancorp DE purchased a new stake in Blackstone Strategic Credit 2027 Term Fund in the fourth quarter worth about $45,000. Spire Wealth Management purchased a new stake in Blackstone Strategic Credit 2027 Term Fund in the fourth quarter worth about $67,000. Elequin Capital LP purchased a new stake in Blackstone Strategic Credit 2027 Term Fund in the fourth quarter worth about $103,000. Citadel Advisors LLC purchased a new stake in Blackstone Strategic Credit 2027 Term Fund in the fourth quarter worth about $127,000. Finally, Apollon Wealth Management LLC purchased a new stake in Blackstone Strategic Credit 2027 Term Fund in the fourth quarter worth about $148,000.

Blackstone Strategic Credit 2027 Term Fund Price Performance

Shares of BGB opened at $12.03 on Friday. Blackstone Strategic Credit 2027 Term Fund has a 12-month low of $11.58 and a 12-month high of $12.69. The firm has a fifty day moving average price of $12.34 and a 200-day moving average price of $12.36.

Blackstone Strategic Credit 2027 Term Fund Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 21st were paid a dividend of $0.178 per share. This represents a $2.14 dividend on an annualized basis and a dividend yield of 17.76%. The ex-dividend date was Friday, February 21st.

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.