Short Interest in Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSL) Drops By 50.5%

Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSL) was the target of a significant decrease in short interest during the month of May. As of May 29th, there was short interest totaling 9,223 shares, a decrease of 50.5% from the May 14th total of 18,641 shares. Based on an average trading volume of 36,924 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Trading of Blackstone Senior Floating Rate 2027 Term Fund

A number of institutional investors have recently bought and sold shares of the company. Steward Partners Investment Advisory LLC boosted its position in Blackstone Senior Floating Rate 2027 Term Fund by 1.1% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 73,355 shares of the company’s stock valued at $990,000 after acquiring an additional 792 shares during the last quarter. UBS Group AG boosted its position in Blackstone Senior Floating Rate 2027 Term Fund by 0.6% during the fourth quarter. UBS Group AG now owns 165,007 shares of the company’s stock valued at $2,228,000 after acquiring an additional 959 shares during the last quarter. Harbour Investments Inc. boosted its stake in Blackstone Senior Floating Rate 2027 Term Fund by 520.3% during the fourth quarter. Harbour Investments Inc. now owns 1,861 shares of the company’s stock worth $25,000 after acquiring an additional 1,561 shares in the last quarter. TrueMark Investments LLC boosted its stake in Blackstone Senior Floating Rate 2027 Term Fund by 2.5% during the fourth quarter. TrueMark Investments LLC now owns 73,949 shares of the company’s stock worth $998,000 after acquiring an additional 1,815 shares in the last quarter. Finally, Hilltop Holdings Inc. boosted its stake in Blackstone Senior Floating Rate 2027 Term Fund by 5.0% during the third quarter. Hilltop Holdings Inc. now owns 42,360 shares of the company’s stock worth $596,000 after acquiring an additional 2,000 shares in the last quarter.

Blackstone Senior Floating Rate 2027 Term Fund Stock Performance

BSL traded up $0.02 during trading on Friday, reaching $12.98. 46,152 shares of the stock traded hands, compared to its average volume of 47,016. The stock’s 50-day moving average is $13.03 and its 200 day moving average is $13.21. Blackstone Senior Floating Rate 2027 Term Fund has a 12 month low of $12.45 and a 12 month high of $14.35.

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.