Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSL) Sees Large Increase in Short Interest

Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSL) was the target of a large growth in short interest during the month of February. As of February 13th, there was short interest totaling 14,651 shares, a growth of 157.9% from the January 29th total of 5,681 shares. Based on an average daily trading volume, of 56,268 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily trading volume, of 56,268 shares, the days-to-cover ratio is presently 0.3 days.

Blackstone Senior Floating Rate 2027 Term Fund Stock Down 0.2%

Blackstone Senior Floating Rate 2027 Term Fund stock traded down $0.02 on Friday, reaching $12.98. 42,763 shares of the stock were exchanged, compared to its average volume of 47,681. Blackstone Senior Floating Rate 2027 Term Fund has a twelve month low of $12.94 and a twelve month high of $14.35. The firm has a fifty day moving average price of $13.42 and a two-hundred day moving average price of $13.75.

Blackstone Senior Floating Rate 2027 Term Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 20th were given a dividend of $0.095 per share. This represents a c) annualized dividend and a dividend yield of 8.8%. The ex-dividend date of this dividend was Friday, February 20th.

Institutional Trading of Blackstone Senior Floating Rate 2027 Term Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Raymond James Financial Inc. lifted its holdings in shares of 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 buying an additional 8,506 shares during the last quarter. Bank of America Corp DE grew its stake in shares of Blackstone Senior Floating Rate 2027 Term Fund by 1.8% in the second quarter. Bank of America Corp DE now owns 811,554 shares of the company’s stock worth $11,605,000 after acquiring an additional 14,283 shares during the last quarter. Captrust Financial Advisors increased its position in Blackstone Senior Floating Rate 2027 Term Fund by 71.2% during the second quarter. Captrust Financial Advisors now owns 30,434 shares of the company’s stock worth $435,000 after acquiring an additional 12,659 shares during the period. Dynamic Advisor Solutions LLC increased its position in Blackstone Senior Floating Rate 2027 Term Fund by 7.9% during the third quarter. Dynamic Advisor Solutions LLC now owns 13,406 shares of the company’s stock worth $188,000 after acquiring an additional 977 shares during the period. Finally, Spinnaker Investment Group LLC acquired a new position in Blackstone Senior Floating Rate 2027 Term Fund during the 3rd quarter valued at $158,000.

Blackstone Senior Floating Rate 2027 Term Fund Company Profile

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.