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

Blackstone Strategic Credit 2027 Term Fund (NYSE:BGB) was the target of a large growth in short interest during the month of November. As of November 30th, there was short interest totalling 96,900 shares, a growth of 17.7% from the November 15th total of 82,300 shares. Based on an average trading volume of 177,300 shares, the short-interest ratio is currently 0.5 days.

Blackstone Strategic Credit 2027 Term Fund Price Performance

Blackstone Strategic Credit 2027 Term Fund stock remained flat at $12.61 during midday trading on Monday. The company had a trading volume of 23,615 shares, compared to its average volume of 167,990. The stock’s fifty day simple moving average is $12.41 and its two-hundred day simple moving average is $12.20. Blackstone Strategic Credit 2027 Term Fund has a 12-month low of $11.19 and a 12-month high of $12.69.

Institutional Investors Weigh In On Blackstone Strategic Credit 2027 Term Fund

Several institutional investors have recently bought and sold shares of BGB. Pathstone Holdings LLC grew its stake in Blackstone Strategic Credit 2027 Term Fund by 15.3% during the 3rd quarter. Pathstone Holdings LLC now owns 1,891,571 shares of the company’s stock valued at $23,305,000 after acquiring an additional 251,419 shares in the last quarter. Advisors Asset Management Inc. grew its position in shares of Blackstone Strategic Credit 2027 Term Fund by 62.0% in the third quarter. Advisors Asset Management Inc. now owns 448,817 shares of the company’s stock valued at $5,529,000 after purchasing an additional 171,790 shares in the last quarter. Shaker Financial Services LLC acquired a new stake in shares of Blackstone Strategic Credit 2027 Term Fund in the third quarter valued at approximately $1,096,000. HighTower Advisors LLC lifted its position in Blackstone Strategic Credit 2027 Term Fund by 9.5% during the third quarter. HighTower Advisors LLC now owns 856,327 shares of the company’s stock worth $10,545,000 after buying an additional 74,478 shares in the last quarter. Finally, Commonwealth Equity Services LLC boosted its stake in Blackstone Strategic Credit 2027 Term Fund by 10.9% during the second quarter. Commonwealth Equity Services LLC now owns 608,921 shares of the company’s stock worth $7,240,000 after buying an additional 60,037 shares during the last quarter.

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.