Short Interest in Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSL) Grows By 219.6%

Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSLGet Free Report) saw a large increase in short interest during the month of June. As of June 15th, there was short interest totaling 29,480 shares, an increase of 219.6% from the May 31st total of 9,223 shares. Based on an average daily trading volume, of 48,153 shares, the short-interest ratio is currently 0.6 days.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Harbour Investments Inc. boosted its holdings in shares of Blackstone Senior Floating Rate 2027 Term Fund by 520.3% in the 4th quarter. Harbour Investments Inc. now owns 1,861 shares of the company’s stock valued at $25,000 after buying an additional 1,561 shares during the last quarter. Kestra Advisory Services LLC bought a new stake in Blackstone Senior Floating Rate 2027 Term Fund during the fourth quarter worth $34,000. Kathmere Capital Management LLC bought a new stake in Blackstone Senior Floating Rate 2027 Term Fund during the first quarter worth $136,000. Susquehanna International Group LLP acquired a new stake in Blackstone Senior Floating Rate 2027 Term Fund in the third quarter valued at $144,000. Finally, Noble Wealth Management PBC acquired a new stake in Blackstone Senior Floating Rate 2027 Term Fund in the fourth quarter valued at $187,000.

Blackstone Senior Floating Rate 2027 Term Fund Price Performance

Shares of NYSE BSL traded up $0.01 during mid-day trading on Monday, hitting $12.93. The company had a trading volume of 42,022 shares, compared to its average volume of 46,262. The firm has a 50-day simple moving average of $13.06 and a two-hundred day simple moving average of $13.16. Blackstone Senior Floating Rate 2027 Term Fund has a one year low of $12.45 and a one year high of $14.35.

Blackstone Senior Floating Rate 2027 Term Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, August 31st. Investors 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 yield of 8.2%.

About Blackstone Senior Floating Rate 2027 Term Fund

(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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