Blackstone Strategic Credit 2027 Term Fund (NYSE:BGB) Short Interest Up 41.3% in December

Blackstone Strategic Credit 2027 Term Fund (NYSE:BGB) saw a large increase in short interest in December. As of December 15th, there was short interest totalling 136,900 shares, an increase of 41.3% from the November 30th total of 96,900 shares. Based on an average daily trading volume, of 176,500 shares, the days-to-cover ratio is presently 0.8 days.

Institutional Trading of Blackstone Strategic Credit 2027 Term Fund

Several large investors have recently added to or reduced their stakes in BGB. Concurrent Investment Advisors LLC bought a new stake in Blackstone Strategic Credit 2027 Term Fund in the second quarter worth $135,000. Catalina Capital Group LLC bought a new position in shares of Blackstone Strategic Credit 2027 Term Fund in the 3rd quarter valued at approximately $144,000. Moors & Cabot Inc. lifted its holdings in Blackstone Strategic Credit 2027 Term Fund by 22.7% in the 3rd quarter. Moors & Cabot Inc. now owns 13,500 shares of the company’s stock worth $166,000 after purchasing an additional 2,500 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in Blackstone Strategic Credit 2027 Term Fund during the second quarter worth approximately $194,000. Finally, Jane Street Group LLC acquired a new position in Blackstone Strategic Credit 2027 Term Fund during the third quarter valued at approximately $197,000.

Blackstone Strategic Credit 2027 Term Fund Stock Performance

BGB stock traded down $0.03 during mid-day trading on Monday, hitting $12.20. The stock had a trading volume of 233,393 shares, compared to its average volume of 169,954. Blackstone Strategic Credit 2027 Term Fund has a 1-year low of $11.20 and a 1-year high of $12.69. The company has a fifty day moving average of $12.39 and a 200 day moving average of $12.23.

Blackstone Strategic Credit 2027 Term Fund Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 23rd will be given a dividend of $0.089 per share. This represents a yield of 8.67%. The ex-dividend date of this dividend is Monday, December 23rd.

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.