Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSL) Stock Short Interest Rises 62.9%

Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSL) was the recipient of a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 29,024 shares, an increase of 62.9% from the September 15th total of 17,813 shares. Based on an average daily volume of 43,641 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Trading of Blackstone Senior Floating Rate 2027 Term Fund

A number of large investors have recently modified their holdings of the business. Bank of America Corp DE purchased a new stake in Blackstone Senior Floating Rate 2027 Term Fund in the second quarter valued at approximately $7,246,000. Sit Investment Associates Inc. purchased a new position in Blackstone Senior Floating Rate 2027 Term Fund in the 4th quarter worth approximately $2,887,000. Rivernorth Capital Management LLC grew its stake in Blackstone Senior Floating Rate 2027 Term Fund by 3.4% in the 2nd quarter. Rivernorth Capital Management LLC now owns 80,558 shares of the company’s stock worth $1,043,000 after buying an additional 2,649 shares in the last quarter. TrueMark Investments LLC grew its stake in Blackstone Senior Floating Rate 2027 Term Fund by 5.4% in the 1st quarter. TrueMark Investments LLC now owns 77,909 shares of the company’s stock worth $1,009,000 after buying an additional 3,960 shares in the last quarter. Finally, Hilltop Holdings Inc. increased its holdings in shares of Blackstone Senior Floating Rate 2027 Term Fund by 15.4% in the 1st quarter. Hilltop Holdings Inc. now owns 47,218 shares of the company’s stock worth $611,000 after buying an additional 6,308 shares during the last quarter.

Blackstone Senior Floating Rate 2027 Term Fund Price Performance

NYSE:BSL traded down $0.01 during trading hours on Friday, hitting $12.91. 47,100 shares of the company’s stock traded hands, compared to its average volume of 45,482. Blackstone Senior Floating Rate 2027 Term Fund has a 52 week low of $12.45 and a 52 week high of $13.99. The business’s fifty day simple moving average is $12.98 and its two-hundred day simple moving average is $13.01.

Blackstone Senior Floating Rate 2027 Term Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, November 30th. Shareholders of record on Friday, November 20th will be issued a $0.0840 dividend. The ex-dividend date of this dividend is Friday, November 20th. This represents a $1.01 annualized dividend and a dividend yield of 7.8%.

Blackstone Senior Floating Rate 2027 Term Fund Company Profile

Blackstone Senior Floating Rate 2027 Term Fund (NYSE: BSL) is a closed-end investment company designed to provide investors with current income while preserving capital. The fund primarily invests in senior secured, floating-rate loans and other debt investments issued by companies across a range of industries.

The fund generally focuses on below-investment-grade corporate loans, which typically pay interest at rates that adjust periodically based on a reference interest rate. This structure may help reduce the impact of rising interest rates compared with investments in fixed-rate debt, although the fund remains subject to credit, liquidity and other investment risks.

BSL was formerly known as Blackstone/GSO Senior Floating Rate Term Fund and is advised by an affiliate of Blackstone, a global alternative asset management firm.