Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSL) Short Interest Down 50.5% in May

Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSL) was the target of a significant drop in short interest in May. As of May 29th, there was short interest totaling 9,223 shares, a drop of 50.5% from the May 14th total of 18,641 shares. Based on an average daily trading volume, of 36,924 shares, the days-to-cover ratio is currently 0.2 days.

Blackstone Senior Floating Rate 2027 Term Fund Trading Up 0.2%

BSL stock opened at $12.98 on Friday. The company’s 50 day simple moving average is $13.03 and its 200-day simple moving average is $13.21. Blackstone Senior Floating Rate 2027 Term Fund has a 12 month low of $12.45 and a 12 month high of $14.35.

Hedge Funds Weigh In On Blackstone Senior Floating Rate 2027 Term Fund

Large investors have recently modified their holdings of the company. Harbour Investments Inc. lifted its stake in shares of Blackstone Senior Floating Rate 2027 Term Fund by 520.3% in the 4th 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 in the last quarter. Kestra Advisory Services LLC acquired a new position in Blackstone Senior Floating Rate 2027 Term Fund during the fourth quarter valued at approximately $34,000. Susquehanna International Group LLP purchased a new stake in Blackstone Senior Floating Rate 2027 Term Fund during the third quarter worth approximately $144,000. Kathmere Capital Management LLC acquired a new stake in shares of Blackstone Senior Floating Rate 2027 Term Fund in the first quarter worth $136,000. Finally, Noble Wealth Management PBC acquired a new stake in shares of Blackstone Senior Floating Rate 2027 Term Fund in the fourth quarter worth $187,000.

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.