Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSL) Short Interest Update

Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSL) saw a large growth in short interest in the month of May. As of May 31st, there was short interest totalling 9,700 shares, a growth of 51.6% from the May 15th total of 6,400 shares. Based on an average daily volume of 52,000 shares, the days-to-cover ratio is currently 0.2 days.

Blackstone Senior Floating Rate 2027 Term Fund Price Performance

Shares of BSL stock traded down $0.08 during mid-day trading on Friday, hitting $14.05. The stock had a trading volume of 26,666 shares, compared to its average volume of 61,488. Blackstone Senior Floating Rate 2027 Term Fund has a 12-month low of $12.32 and a 12-month high of $14.56. The firm’s 50-day moving average is $14.17 and its two-hundred day moving average is $13.87.

Blackstone Senior Floating Rate 2027 Term Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, August 30th. Shareholders of record on Friday, August 23rd will be given a dividend of $0.114 per share. This represents a $1.37 dividend on an annualized basis and a yield of 9.74%. The ex-dividend date is Friday, August 23rd.

Institutional Investors Weigh In On Blackstone Senior Floating Rate 2027 Term Fund

Several large investors have recently modified their holdings of the business. Next Capital Management LLC raised its position in shares of Blackstone Senior Floating Rate 2027 Term Fund by 6.4% in the 4th quarter. Next Capital Management LLC now owns 12,947 shares of the company’s stock worth $173,000 after acquiring an additional 781 shares in the last quarter. Steward Partners Investment Advisory LLC raised its holdings in Blackstone Senior Floating Rate 2027 Term Fund by 1.6% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 69,553 shares of the company’s stock worth $929,000 after purchasing an additional 1,098 shares in the last quarter. AQR Arbitrage LLC lifted its position in shares of Blackstone Senior Floating Rate 2027 Term Fund by 1.5% during the third quarter. AQR Arbitrage LLC now owns 83,384 shares of the company’s stock valued at $1,105,000 after buying an additional 1,237 shares during the last quarter. Leavell Investment Management Inc. lifted its holdings in shares of Blackstone Senior Floating Rate 2027 Term Fund by 2.6% during the 4th quarter. Leavell Investment Management Inc. now owns 121,200 shares of the company’s stock valued at $1,632,000 after purchasing an additional 3,120 shares during the last quarter. Finally, Future Financial Wealth Managment LLC acquired a new stake in shares of Blackstone Senior Floating Rate 2027 Term Fund in the 1st quarter worth $60,000.

Blackstone Senior Floating Rate 2027 Term Fund Company Profile

Blackstone Senior Floating Rate 2027 Term Fund is a closed-ended fixed income mutual fund launched by The Blackstone Group L.P. It is managed by GSO / Blackstone Debt Funds Management LLC. The fund invests in the fixed income markets of the United States. It seeks to invest in stocks of companies operating across diversified sectors.