Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSL) Short Interest Update

Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSL) was the target of a significant drop in short interest in May. As of May 15th, there was short interest totaling 18,641 shares, a drop of 63.0% from the April 30th total of 50,360 shares. Based on an average daily trading volume, of 29,855 shares, the days-to-cover ratio is currently 0.6 days.

Blackstone Senior Floating Rate 2027 Term Fund Trading Up 0.1%

Shares of BSL stock opened at $12.98 on Friday. The company has a fifty day moving average price of $13.01 and a two-hundred day moving average price of $13.27. Blackstone Senior Floating Rate 2027 Term Fund has a one year low of $12.45 and a one year high of $14.35.

Blackstone Senior Floating Rate 2027 Term Fund Announces Dividend

The business also recently announced a monthly dividend, which was paid on Friday, May 29th. Stockholders of record on Thursday, May 21st were issued a dividend of $0.084 per share. This represents a c) annualized dividend and a dividend yield of 7.8%. The ex-dividend date of this dividend was Thursday, May 21st.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of BSL. Bank of America Corp DE grew its stake in Blackstone Senior Floating Rate 2027 Term Fund by 9.4% during the third quarter. Bank of America Corp DE now owns 887,589 shares of the company’s stock worth $12,480,000 after buying an additional 76,035 shares in the last quarter. Sit Investment Associates Inc. acquired a new position in shares of Blackstone Senior Floating Rate 2027 Term Fund in the 4th quarter valued at approximately $2,887,000. UBS Group AG lifted its holdings in shares of Blackstone Senior Floating Rate 2027 Term Fund by 0.6% during the 4th quarter. UBS Group AG now owns 165,007 shares of the company’s stock worth $2,228,000 after acquiring an additional 959 shares during the period. TrueMark Investments LLC lifted its holdings in shares of Blackstone Senior Floating Rate 2027 Term Fund by 5.4% during the 1st quarter. TrueMark Investments LLC now owns 77,909 shares of the company’s stock worth $1,009,000 after acquiring an additional 3,960 shares during the period. Finally, Steward Partners Investment Advisory LLC boosted its position in shares of Blackstone Senior Floating Rate 2027 Term Fund by 1.1% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 73,355 shares of the company’s stock worth $990,000 after acquiring an additional 792 shares in 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.