Short Interest in Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSL) Drops By 63.0%

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

Blackstone Senior Floating Rate 2027 Term Fund Price Performance

Shares of NYSE BSL opened at $12.98 on Friday. The stock has a 50-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 12 month low of $12.45 and a 12 month high of $14.35.

Blackstone Senior Floating Rate 2027 Term Fund Announces Dividend

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

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in BSL. Harbour Investments Inc. raised its position in shares of Blackstone Senior Floating Rate 2027 Term Fund by 520.3% in the fourth quarter. Harbour Investments Inc. now owns 1,861 shares of the company’s stock worth $25,000 after buying an additional 1,561 shares in the last quarter. Kestra Advisory Services LLC purchased a new position in Blackstone Senior Floating Rate 2027 Term Fund during the fourth quarter worth about $34,000. Susquehanna International Group LLP bought a new position in Blackstone Senior Floating Rate 2027 Term Fund in the 3rd quarter worth about $144,000. Kathmere Capital Management LLC bought a new position in Blackstone Senior Floating Rate 2027 Term Fund in the 1st quarter worth about $136,000. Finally, Noble Wealth Management PBC purchased a new position in shares of Blackstone Senior Floating Rate 2027 Term Fund during the fourth quarter worth about $187,000.

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.