Blackstone Strategic Credit 2027 Term Fund (NYSE:BGB) Short Interest Up 77.3% in December

Blackstone Strategic Credit 2027 Term Fund (NYSE:BGB) was the recipient of a significant growth in short interest in the month of December. As of December 31st, there was short interest totalling 242,700 shares, a growth of 77.3% from the December 15th total of 136,900 shares. Based on an average daily trading volume, of 167,100 shares, the short-interest ratio is currently 1.5 days.

Blackstone Strategic Credit 2027 Term Fund Price Performance

NYSE:BGB opened at $12.28 on Friday. Blackstone Strategic Credit 2027 Term Fund has a 1-year low of $11.40 and a 1-year high of $12.69. The business’s fifty day moving average price is $12.38 and its 200 day moving average price is $12.25.

Blackstone Strategic Credit 2027 Term Fund Cuts Dividend

The company also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were paid a $0.089 dividend. The ex-dividend date was Monday, December 23rd. This represents a yield of 8.67%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Catalina Capital Group LLC purchased a new position in Blackstone Strategic Credit 2027 Term Fund in the third quarter valued at about $144,000. Moors & Cabot Inc. grew its stake in Blackstone Strategic Credit 2027 Term Fund by 22.7% in the third quarter. Moors & Cabot Inc. now owns 13,500 shares of the company’s stock valued at $166,000 after purchasing an additional 2,500 shares in the last quarter. Sanctuary Advisors LLC purchased a new position in Blackstone Strategic Credit 2027 Term Fund in the second quarter valued at about $194,000. Jane Street Group LLC purchased a new position in Blackstone Strategic Credit 2027 Term Fund in the third quarter valued at about $197,000. Finally, Summit Trail Advisors LLC purchased a new position in Blackstone Strategic Credit 2027 Term Fund in the second quarter valued at about $250,000.

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.