Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSL) Shares Pass Above 200-Day Moving Average – Here’s Why

Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSL)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $13.00 and traded as high as $13.11. Blackstone Senior Floating Rate 2027 Term Fund shares last traded at $13.01, with a volume of 115,630 shares changing hands.

Blackstone Senior Floating Rate 2027 Term Fund Stock Performance

The business has a 50 day moving average of $13.02 and a 200-day moving average of $13.00.

Blackstone Senior Floating Rate 2027 Term Fund Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Monday, August 31st. Stockholders of record on Monday, August 24th were issued a $0.088 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 8.1%. The ex-dividend date of this dividend was Monday, August 24th.

Institutional Trading of Blackstone Senior Floating Rate 2027 Term Fund

Large investors have recently bought and sold shares of the business. Harbour Investments Inc. increased its stake in Blackstone Senior Floating Rate 2027 Term Fund by 520.3% in the fourth quarter. Harbour Investments Inc. now owns 1,861 shares of the company’s stock valued at $25,000 after purchasing an additional 1,561 shares during the period. BlackRock Inc. acquired a new stake in shares of Blackstone Senior Floating Rate 2027 Term Fund during the second quarter worth about $32,000. Kestra Advisory Services LLC purchased a new position in shares of Blackstone Senior Floating Rate 2027 Term Fund during the fourth quarter worth about $34,000. Kathmere Capital Management LLC purchased a new position in shares of Blackstone Senior Floating Rate 2027 Term Fund during the first quarter worth about $136,000. Finally, Susquehanna International Group LLP acquired a new position in Blackstone Senior Floating Rate 2027 Term Fund in the 3rd quarter valued at about $144,000.

About Blackstone Senior Floating Rate 2027 Term Fund

Blackstone Senior Floating Rate 2027 Term Fund (NYSE: BSL) is a closed-end management investment company that seeks to provide investors with current income by primarily investing in senior floating-rate loans. Managed by Blackstone Credit, the fund focuses on lending solutions to corporate borrowers, offering exposure to debt instruments designed to adjust with prevailing interest rates. BSL’s structure is designed to mature in 2027, at which point the fund will seek to liquidate its portfolio and distribute proceeds to shareholders.

The fund’s investment strategy centers on senior secured loans and other floating-rate debt issued by U.S.