Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSL – Get Free Report) was the recipient of a significant decline in short interest in the month of September. As of September 15th, there was short interest totaling 17,813 shares, a decline of 40.9% from the August 31st total of 30,137 shares. Based on an average daily trading volume, of 67,991 shares, the short-interest ratio is currently 0.3 days.
Blackstone Senior Floating Rate 2027 Term Fund Trading Up 0.4%
Shares of Blackstone Senior Floating Rate 2027 Term Fund stock traded up $0.06 on Wednesday, hitting $12.98. 13,488 shares of the company traded hands, compared to its average volume of 45,480. The company has a 50-day moving average price of $13.00 and a 200 day moving average price of $13.00. Blackstone Senior Floating Rate 2027 Term Fund has a 12-month low of $12.45 and a 12-month high of $14.05.
Blackstone Senior Floating Rate 2027 Term Fund Dividend Announcement
The firm also recently announced a monthly dividend, which will be paid on Monday, November 30th. Shareholders of record on Friday, November 20th will be paid a $0.0840 dividend. The ex-dividend date is Friday, November 20th. This represents a $1.01 dividend on an annualized basis and a yield of 7.8%.
Institutional Investors Weigh In On Blackstone Senior Floating Rate 2027 Term Fund
Blackstone Senior Floating Rate 2027 Term Fund Company Profile
Blackstone Senior Floating Rate 2027 Term Fund (NYSE: BSL) is a closed-end investment fund managed by an affiliate of Blackstone Inc The fund seeks to provide a high level of current income while preserving capital, primarily by investing in senior secured, floating-rate loans and other floating-rate debt instruments.
Its portfolio generally consists of loans made to companies across a range of industries, with an emphasis on senior secured obligations that rank ahead of other debt and equity securities in a borrower’s capital structure.
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