Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSL – Get 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
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.
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