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 growth in short interest during the month of February. As of February 13th, there was short interest totaling 14,651 shares, a growth of 157.9% from the January 29th total of 5,681 shares. Based on an average daily volume of 56,268 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily volume of 56,268 shares, the days-to-cover ratio is presently 0.3 days.

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

A number of hedge funds have recently bought and sold shares of the business. Sit Investment Associates Inc. bought a new position in Blackstone Senior Floating Rate 2027 Term Fund during the fourth quarter valued at $2,887,000. Bank of America Corp DE increased its holdings in shares of Blackstone Senior Floating Rate 2027 Term Fund by 9.4% in the 3rd quarter. Bank of America Corp DE now owns 887,589 shares of the company’s stock worth $12,480,000 after buying an additional 76,035 shares during the last quarter. TrueMark Investments LLC purchased a new stake in shares of Blackstone Senior Floating Rate 2027 Term Fund during the 3rd quarter valued at about $1,014,000. Wolverine Asset Management LLC bought a new position in shares of Blackstone Senior Floating Rate 2027 Term Fund in the 4th quarter valued at about $347,000. Finally, Shaker Financial Services LLC bought a new position in shares of Blackstone Senior Floating Rate 2027 Term Fund in the 4th quarter valued at about $271,000.

Blackstone Senior Floating Rate 2027 Term Fund Price Performance

Shares of Blackstone Senior Floating Rate 2027 Term Fund stock opened at $12.99 on Friday. The stock has a 50 day moving average of $13.43 and a 200 day moving average of $13.76. Blackstone Senior Floating Rate 2027 Term Fund has a 12 month low of $12.97 and a 12 month high of $14.35.

Blackstone Senior Floating Rate 2027 Term Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 20th will be issued a $0.095 dividend. The ex-dividend date of this dividend is Friday, February 20th. This represents a c) dividend on an annualized basis and a dividend yield of 8.8%.

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.