Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSL) Short Interest Update

Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSL) was the recipient of a significant 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 trading volume, of 39,769 shares, the days-to-cover ratio is presently 1.3 days.

Hedge Funds Weigh In On Blackstone Senior Floating Rate 2027 Term Fund

Institutional investors have recently bought and sold shares of the business. Bank of America Corp DE boosted its holdings in shares of Blackstone Senior Floating Rate 2027 Term Fund by 9.4% during the third quarter. Bank of America Corp DE now owns 887,589 shares of the company’s stock worth $12,480,000 after acquiring an additional 76,035 shares during the period. Leavell Investment Management Inc. boosted its holdings in shares of Blackstone Senior Floating Rate 2027 Term Fund by 2.8% during the third quarter. Leavell Investment Management Inc. now owns 224,430 shares of the company’s stock worth $3,155,000 after acquiring an additional 6,200 shares during the period. Sit Investment Associates Inc. bought a new stake in shares of Blackstone Senior Floating Rate 2027 Term Fund during the fourth quarter worth approximately $2,887,000. UBS Group AG boosted its holdings in shares of Blackstone Senior Floating Rate 2027 Term Fund by 0.6% during the fourth quarter. UBS Group AG now owns 165,007 shares of the company’s stock worth $2,228,000 after acquiring an additional 959 shares during the period. Finally, TrueMark Investments LLC boosted its holdings in shares of Blackstone Senior Floating Rate 2027 Term Fund by 5.4% during the first quarter. TrueMark Investments LLC now owns 77,909 shares of the company’s stock worth $1,009,000 after acquiring an additional 3,960 shares during the period.

Blackstone Senior Floating Rate 2027 Term Fund Price Performance

NYSE BSL traded down $0.04 during trading on Friday, reaching $13.17. 21,143 shares of the company’s stock were exchanged, compared to its average volume of 48,018. The business has a 50 day moving average price of $12.96 and a 200-day moving average price of $13.33. Blackstone Senior Floating Rate 2027 Term Fund has a fifty-two week low of $12.45 and a fifty-two week high of $14.35.

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. Shareholders of record on Thursday, May 21st will be given a dividend of $0.084 per share. This represents a c) dividend on an annualized basis and a yield of 7.7%. The ex-dividend date of this dividend is Thursday, May 21st.

About Blackstone Senior Floating Rate 2027 Term Fund

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.