Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSL) Short Interest Up 219.6% in June

Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSL) was the target of a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 29,480 shares, a growth of 219.6% from the May 31st total of 9,223 shares. Based on an average daily trading volume, of 48,153 shares, the short-interest ratio is presently 0.6 days.

Blackstone Senior Floating Rate 2027 Term Fund Stock Up 0.2%

NYSE BSL traded up $0.02 during mid-day trading on Friday, reaching $12.92. 33,643 shares of the stock were exchanged, compared to its average volume of 46,297. Blackstone Senior Floating Rate 2027 Term Fund has a 1-year low of $12.45 and a 1-year high of $14.35. The business’s fifty day simple moving average is $13.06 and its 200 day simple moving average is $13.17.

Blackstone Senior Floating Rate 2027 Term Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 24th will be paid a dividend of $0.088 per share. The ex-dividend date of this dividend is Monday, August 24th. This represents a c) dividend on an annualized basis and a dividend yield of 8.2%.

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

Several hedge funds have recently modified their holdings of the stock. Raymond James Financial Inc. increased its position in Blackstone Senior Floating Rate 2027 Term Fund by 13.3% during the second quarter. Raymond James Financial Inc. now owns 72,486 shares of the company’s stock worth $1,037,000 after purchasing an additional 8,506 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of Blackstone Senior Floating Rate 2027 Term Fund by 1.8% in the 2nd quarter. Bank of America Corp DE now owns 811,554 shares of the company’s stock valued at $11,605,000 after purchasing an additional 14,283 shares during the last quarter. Captrust Financial Advisors grew its stake in shares of Blackstone Senior Floating Rate 2027 Term Fund by 71.2% during the 2nd quarter. Captrust Financial Advisors now owns 30,434 shares of the company’s stock valued at $435,000 after buying an additional 12,659 shares during the period. UBS Group AG increased its holdings in shares of Blackstone Senior Floating Rate 2027 Term Fund by 2.5% during the 3rd quarter. UBS Group AG now owns 164,048 shares of the company’s stock worth $2,307,000 after buying an additional 4,058 shares during the last quarter. Finally, Hilltop Holdings Inc. increased its holdings in shares of Blackstone Senior Floating Rate 2027 Term Fund by 5.0% during the 3rd quarter. Hilltop Holdings Inc. now owns 42,360 shares of the company’s stock worth $596,000 after buying an additional 2,000 shares during the last quarter.

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.