Short Interest in Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSL) Expands By 46.2%

Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSL) saw a large increase in short interest during the month of December. As of December 15th, there was short interest totalling 29,100 shares, an increase of 46.2% from the November 30th total of 19,900 shares. Based on an average daily trading volume, of 58,100 shares, the short-interest ratio is presently 0.5 days.

Blackstone Senior Floating Rate 2027 Term Fund Price Performance

Shares of BSL traded up $0.08 during mid-day trading on Monday, hitting $14.54. The stock had a trading volume of 6,207 shares, compared to its average volume of 56,255. Blackstone Senior Floating Rate 2027 Term Fund has a fifty-two week low of $13.26 and a fifty-two week high of $14.84. The company’s fifty day simple moving average is $14.41 and its two-hundred day simple moving average is $14.24.

Blackstone Senior Floating Rate 2027 Term Fund Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd will be issued a $0.108 dividend. This represents a $1.30 dividend on an annualized basis and a yield of 8.91%. The ex-dividend date of this dividend is Monday, December 23rd.

Institutional Trading of Blackstone Senior Floating Rate 2027 Term Fund

A number of institutional investors and hedge funds have recently modified their holdings of the business. Hilltop Holdings Inc. grew its holdings in shares of Blackstone Senior Floating Rate 2027 Term Fund by 16.6% during the third quarter. Hilltop Holdings Inc. now owns 42,515 shares of the company’s stock valued at $600,000 after purchasing an additional 6,050 shares during the last quarter. Jaffetilchin Investment Partners LLC boosted its position in Blackstone Senior Floating Rate 2027 Term Fund by 27.9% during the 3rd quarter. Jaffetilchin Investment Partners LLC now owns 30,030 shares of the company’s stock valued at $424,000 after purchasing an additional 6,548 shares during the period. Wolverine Asset Management LLC bought a new position in Blackstone Senior Floating Rate 2027 Term Fund during the 3rd quarter worth $148,000. Leavell Investment Management Inc. increased its position in Blackstone Senior Floating Rate 2027 Term Fund by 8.4% in the third quarter. Leavell Investment Management Inc. now owns 171,225 shares of the company’s stock worth $2,418,000 after buying an additional 13,225 shares during the period. Finally, Advisors Asset Management Inc. increased its position in Blackstone Senior Floating Rate 2027 Term Fund by 27.4% in the third quarter. Advisors Asset Management Inc. now owns 259,545 shares of the company’s stock worth $3,665,000 after buying an additional 55,882 shares during the period.

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.