Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSL) Sees Large Increase in Short Interest

Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSL) was the recipient of a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 49,632 shares, an increase of 102.0% from the July 15th total of 24,572 shares. Based on an average daily trading volume, of 36,485 shares, the short-interest ratio is presently 1.4 days.

Institutional Trading of Blackstone Senior Floating Rate 2027 Term Fund

Institutional investors have recently made changes to their positions in the business. Sit Investment Associates Inc. acquired a new position in Blackstone Senior Floating Rate 2027 Term Fund during the 4th quarter valued at about $2,887,000. Bank of America Corp DE grew its stake 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 last quarter. Wolverine Asset Management LLC purchased a new stake in shares of Blackstone Senior Floating Rate 2027 Term Fund during the fourth quarter worth about $347,000. Shaker Financial Services LLC acquired a new position in shares of Blackstone Senior Floating Rate 2027 Term Fund during the fourth quarter valued at about $271,000. Finally, Captrust Financial Advisors increased its holdings in shares of Blackstone Senior Floating Rate 2027 Term Fund by 71.2% during the second quarter. Captrust Financial Advisors now owns 30,434 shares of the company’s stock valued at $435,000 after acquiring an additional 12,659 shares in the last quarter.

Blackstone Senior Floating Rate 2027 Term Fund Trading Up 0.0%

NYSE:BSL traded up $0.01 during midday trading on Friday, reaching $13.09. 26,567 shares of the stock traded hands, compared to its average volume of 44,031. Blackstone Senior Floating Rate 2027 Term Fund has a 12-month low of $12.45 and a 12-month high of $14.35. The business has a 50-day moving average of $13.02 and a two-hundred day moving average of $13.03.

Blackstone Senior Floating Rate 2027 Term Fund Announces Dividend

The firm also recently declared 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) dividend on an annualized basis and a dividend yield of 8.1%.

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.