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 in October. As of October 15th, there was short interest totaling 59,801 shares, an increase of 106.0% from the September 30th total of 29,024 shares. Based on an average daily volume of 43,393 shares, the short-interest ratio is presently 1.4 days.

Blackstone Senior Floating Rate 2027 Term Fund Trading Down 0.0%

BSL stock traded down $0.01 during trading on Friday, hitting $12.85. 28,319 shares of the company traded hands, compared to its average volume of 45,328. The company has a 50-day moving average of $12.94 and a 200-day moving average of $13.03. Blackstone Senior Floating Rate 2027 Term Fund has a 1 year low of $12.45 and a 1 year high of $13.99.

Blackstone Senior Floating Rate 2027 Term Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, November 30th. Shareholders of record on Friday, November 20th will be paid a $0.0840 dividend. This represents a $1.01 annualized dividend and a yield of 7.8%. The ex-dividend date is Friday, November 20th.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. NTV Asset Management LLC acquired a new stake in Blackstone Senior Floating Rate 2027 Term Fund in the third quarter worth about $274,000. Rivernorth Capital Management LLC grew its holdings in shares of Blackstone Senior Floating Rate 2027 Term Fund by 3.4% during the 2nd quarter. Rivernorth Capital Management LLC now owns 80,558 shares of the company’s stock valued at $1,043,000 after purchasing an additional 2,649 shares during the last quarter. Beacon Pointe Advisors LLC bought a new position in shares of Blackstone Senior Floating Rate 2027 Term Fund in the 2nd quarter worth about $424,000. Comprehensive Money Management Services LLC bought a new position in shares of Blackstone Senior Floating Rate 2027 Term Fund in the 2nd quarter worth approximately $431,000. Finally, Almitas Capital LLC purchased a new stake in shares of Blackstone Senior Floating Rate 2027 Term Fund during the 2nd quarter valued at about $576,000.

About Blackstone Senior Floating Rate 2027 Term Fund

Blackstone Senior Floating Rate 2027 Term Fund (NYSE: BSL) is a diversified, closed-end management investment company. The fund seeks to provide investors with current income and, to a lesser extent, capital appreciation by investing primarily in senior secured, floating-rate loans and other debt securities.

Its portfolio generally consists of loans made to U.S. and non-U.S. companies, including investments in senior secured corporate loans, floating-rate notes and other credit instruments.