Blackstone Strategic Credit 2027 Term Fund (NYSE:BGB) Short Interest Up 17.7% in November

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 days-to-cover ratio is currently 0.5 days.

Blackstone Strategic Credit 2027 Term Fund Price Performance

BGB stock traded down $0.01 during midday trading on Monday, hitting $12.60. 56,639 shares of the company’s stock were exchanged, compared to its average volume of 168,125. Blackstone Strategic Credit 2027 Term Fund has a 1-year low of $11.19 and a 1-year high of $12.69. The business has a 50-day simple moving average of $12.41 and a two-hundred day simple moving average of $12.20.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Jane Street Group LLC acquired a new stake in shares of Blackstone Strategic Credit 2027 Term Fund during the third quarter valued at about $197,000. Stifel Financial Corp increased its holdings in Blackstone Strategic Credit 2027 Term Fund by 29.7% in the 3rd quarter. Stifel Financial Corp now owns 91,295 shares of the company’s stock valued at $1,125,000 after purchasing an additional 20,879 shares during the last quarter. HighTower Advisors LLC raised its position in Blackstone Strategic Credit 2027 Term Fund by 9.5% in the third quarter. HighTower Advisors LLC now owns 856,327 shares of the company’s stock valued at $10,545,000 after purchasing an additional 74,478 shares during the period. Rockefeller Capital Management L.P. lifted its stake in Blackstone Strategic Credit 2027 Term Fund by 1.5% during the third quarter. Rockefeller Capital Management L.P. now owns 69,653 shares of the company’s stock worth $858,000 after purchasing an additional 1,020 shares in the last quarter. Finally, Moors & Cabot Inc. boosted its position in shares of Blackstone Strategic Credit 2027 Term Fund by 22.7% during the third quarter. Moors & Cabot Inc. now owns 13,500 shares of the company’s stock worth $166,000 after buying an additional 2,500 shares during the period.

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.