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

Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSL – Get Free Report) was the recipient of a significant decline in short interest in May. As of May 29th, there was short interest totaling 9,223 shares, a decline of 50.5% from the May 14th total of 18,641 shares. Based on an average daily volume of 36,924 shares, the short-interest ratio is presently 0.2 days.

Blackstone Senior Floating Rate 2027 Term Fund Trading Down 0.2%

BSL traded down $0.02 during midday trading on Monday, hitting $12.97. The company had a trading volume of 61,018 shares, compared to its average volume of 47,139. Blackstone Senior Floating Rate 2027 Term Fund has a 52 week low of $12.45 and a 52 week high of $14.35. The stock’s 50 day moving average price is $13.04 and its 200 day moving average price is $13.21.

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Blackstone Senior Floating Rate 2027 Term Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 24th will be given a dividend of $0.088 per share. The ex-dividend date of this dividend is Monday, August 24th. This represents a c) annualized dividend and a dividend yield of 8.1%.

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

Hedge funds and other institutional investors have recently made changes to their positions in the business. Susquehanna International Group LLP bought a new stake in shares of Blackstone Senior Floating Rate 2027 Term Fund during the third quarter worth about $144,000. Kestra Advisory Services LLC bought a new stake in shares of Blackstone Senior Floating Rate 2027 Term Fund during the fourth quarter worth about $34,000. Royal Bank of Canada increased its position in shares of Blackstone Senior Floating Rate 2027 Term Fund by 14.2% during the first quarter. Royal Bank of Canada now owns 18,717 shares of the company’s stock worth $241,000 after acquiring an additional 2,332 shares in the last quarter. Hilltop Holdings Inc. increased its position 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 worth $611,000 after acquiring an additional 6,308 shares in the last quarter. Finally, Kathmere Capital Management LLC bought a new stake in shares of Blackstone Senior Floating Rate 2027 Term Fund during the first quarter worth about $136,000.

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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