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

Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSL) was the recipient of a large increase in short interest in 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 volume of 58,100 shares, the short-interest ratio is presently 0.5 days.

Blackstone Senior Floating Rate 2027 Term Fund Stock Performance

BSL stock traded up $0.08 during trading on Monday, hitting $14.54. 6,866 shares of the company’s stock traded hands, compared to its average volume of 56,256. Blackstone Senior Floating Rate 2027 Term Fund has a 1 year low of $13.26 and a 1 year high of $14.84. The business has a fifty day simple moving average of $14.41 and a two-hundred day simple moving average of $14.24.

Blackstone Senior Floating Rate 2027 Term Fund Cuts Dividend

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

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

Several hedge funds have recently modified their holdings of the company. Hilltop Holdings Inc. boosted its holdings in Blackstone Senior Floating Rate 2027 Term Fund by 16.6% in the 3rd 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. Advisors Asset Management Inc. grew 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 acquiring an additional 55,882 shares during the period. Wolverine Asset Management LLC acquired a new position in shares of Blackstone Senior Floating Rate 2027 Term Fund in the 3rd quarter valued at $148,000. Jaffetilchin Investment Partners LLC grew its holdings in shares of 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 worth $424,000 after purchasing an additional 6,548 shares during the period. Finally, Leavell Investment Management Inc. increased its position in shares of Blackstone Senior Floating Rate 2027 Term Fund by 8.4% during the 3rd quarter. Leavell Investment Management Inc. now owns 171,225 shares of the company’s stock worth $2,418,000 after purchasing an additional 13,225 shares during the last quarter.

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.