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

Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSLGet Free Report) was the target of a large increase in short interest during the month of April. As of April 30th, there was short interest totaling 50,360 shares, an increase of 139.5% from the April 15th total of 21,024 shares. Based on an average daily volume of 39,769 shares, the short-interest ratio is currently 1.3 days.

Blackstone Senior Floating Rate 2027 Term Fund Stock Performance

Shares of Blackstone Senior Floating Rate 2027 Term Fund stock traded down $0.04 during trading hours on Friday, hitting $13.17. The company’s stock had a trading volume of 21,143 shares, compared to its average volume of 48,018. Blackstone Senior Floating Rate 2027 Term Fund has a twelve month low of $12.45 and a twelve month high of $14.35. The firm has a fifty day moving average of $12.96 and a 200-day moving average of $13.33.

Blackstone Senior Floating Rate 2027 Term Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, May 29th. Stockholders of record on Thursday, May 21st will be paid a $0.084 dividend. This represents a c) annualized dividend and a dividend yield of 7.7%. The ex-dividend date of this dividend is Thursday, May 21st.

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

Institutional investors and hedge funds have recently modified their holdings of the company. Hilltop Holdings Inc. raised its holdings in shares of Blackstone Senior Floating Rate 2027 Term Fund by 5.0% in the 3rd quarter. Hilltop Holdings Inc. now owns 42,360 shares of the company’s stock valued at $596,000 after buying an additional 2,000 shares during the period. Steward Partners Investment Advisory LLC raised its holdings in shares of Blackstone Senior Floating Rate 2027 Term Fund by 1.1% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 73,355 shares of the company’s stock valued at $990,000 after buying an additional 792 shares during the period. Raymond James Financial Inc. raised its holdings in shares of Blackstone Senior Floating Rate 2027 Term Fund by 13.3% in the 2nd quarter. Raymond James Financial Inc. now owns 72,486 shares of the company’s stock valued at $1,037,000 after buying an additional 8,506 shares during the period. UBS Group AG raised its holdings in shares of Blackstone Senior Floating Rate 2027 Term Fund by 2.5% in the 3rd quarter. UBS Group AG now owns 164,048 shares of the company’s stock valued at $2,307,000 after buying an additional 4,058 shares during the period. Finally, Bank of America Corp DE raised its holdings in shares of Blackstone Senior Floating Rate 2027 Term Fund by 9.4% in the 3rd quarter. Bank of America Corp DE now owns 887,589 shares of the company’s stock valued at $12,480,000 after buying an additional 76,035 shares during the period.

Blackstone Senior Floating Rate 2027 Term Fund Company Profile

(Get Free Report)

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.

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