Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSL) Stock Short Interest Jumps 62.9%

Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSL) was the recipient of a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 29,024 shares, a growth of 62.9% from the September 15th total of 17,813 shares. Based on an average trading volume of 43,641 shares, the short-interest ratio is currently 0.7 days.

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

A number of institutional investors have recently made changes to their positions in the business. Royal Bank of Canada grew its holdings in shares of Blackstone Senior Floating Rate 2027 Term Fund by 14.2% during the 1st quarter. Royal Bank of Canada now owns 18,717 shares of the company’s stock valued at $241,000 after purchasing an additional 2,332 shares during the last quarter. BlackRock Inc. purchased a new position in Blackstone Senior Floating Rate 2027 Term Fund in the 2nd quarter worth $32,000. Rivernorth Capital Management LLC boosted its position in Blackstone Senior Floating Rate 2027 Term Fund by 3.4% during the second quarter. Rivernorth Capital Management LLC now owns 80,558 shares of the company’s stock valued at $1,043,000 after buying an additional 2,649 shares during the period. TrueMark Investments LLC boosted its position in Blackstone Senior Floating Rate 2027 Term Fund by 5.4% during the first quarter. TrueMark Investments LLC now owns 77,909 shares of the company’s stock valued at $1,009,000 after buying an additional 3,960 shares during the period. Finally, Hilltop Holdings Inc. grew its stake in shares of Blackstone Senior Floating Rate 2027 Term Fund by 15.4% during the first quarter. Hilltop Holdings Inc. now owns 47,218 shares of the company’s stock valued at $611,000 after buying an additional 6,308 shares during the last quarter.

Blackstone Senior Floating Rate 2027 Term Fund Price Performance

NYSE:BSL opened at $12.91 on Friday. Blackstone Senior Floating Rate 2027 Term Fund has a 52-week low of $12.45 and a 52-week high of $13.99. The stock has a fifty day moving average of $12.98 and a 200 day moving average of $13.01.

Blackstone Senior Floating Rate 2027 Term Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, November 30th. Shareholders of record on Friday, November 20th will be paid a dividend of $0.0840 per share. The ex-dividend date of this dividend is Friday, November 20th. This represents a $1.01 annualized dividend and a dividend yield of 7.8%.

Blackstone Senior Floating Rate 2027 Term Fund Company Profile

Blackstone Senior Floating Rate 2027 Term Fund (NYSE: BSL) is a closed-end investment company designed to provide investors with current income while preserving capital. The fund primarily invests in senior secured, floating-rate loans and other debt investments issued by companies across a range of industries.

The fund generally focuses on below-investment-grade corporate loans, which typically pay interest at rates that adjust periodically based on a reference interest rate. This structure may help reduce the impact of rising interest rates compared with investments in fixed-rate debt, although the fund remains subject to credit, liquidity and other investment risks.

BSL was formerly known as Blackstone/GSO Senior Floating Rate Term Fund and is advised by an affiliate of Blackstone, a global alternative asset management firm.