Blackstone / GSO Senior Floating Rate Term Fund (NYSE:BSL) Short Interest Down 51.1% in August

Blackstone / GSO Senior Floating Rate Term Fund (NYSE:BSL) was the recipient of a significant decline in short interest in August. As of August 31st, there was short interest totalling 13,700 shares, a decline of 51.1% from the August 15th total of 28,000 shares. Based on an average daily trading volume, of 43,700 shares, the days-to-cover ratio is presently 0.3 days.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Invesco Ltd. boosted its position in Blackstone / GSO Senior Floating Rate Term Fund by 25.9% during the second quarter. Invesco Ltd. now owns 105,487 shares of the company’s stock worth $1,725,000 after purchasing an additional 21,701 shares in the last quarter. Bank of America Corp DE boosted its position in Blackstone / GSO Senior Floating Rate Term Fund by 26.3% during the second quarter. Bank of America Corp DE now owns 635,686 shares of the company’s stock worth $10,393,000 after purchasing an additional 132,457 shares in the last quarter. Steward Partners Investment Advisory LLC boosted its position in Blackstone / GSO Senior Floating Rate Term Fund by 24.7% during the second quarter. Steward Partners Investment Advisory LLC now owns 85,193 shares of the company’s stock worth $1,393,000 after purchasing an additional 16,871 shares in the last quarter. LPL Financial LLC boosted its position in Blackstone / GSO Senior Floating Rate Term Fund by 5.0% during the second quarter. LPL Financial LLC now owns 316,777 shares of the company’s stock worth $5,179,000 after purchasing an additional 15,212 shares in the last quarter. Finally, Advisory Services Network LLC purchased a new stake in Blackstone / GSO Senior Floating Rate Term Fund during the second quarter worth $51,000.

Shares of Blackstone / GSO Senior Floating Rate Term Fund stock traded up $0.15 during trading on Friday, reaching $16.52. The company’s stock had a trading volume of 88,935 shares, compared to its average volume of 53,510. Blackstone / GSO Senior Floating Rate Term Fund has a 12-month low of $13.06 and a 12-month high of $16.93. The business has a 50 day moving average price of $16.26 and a 200-day moving average price of $16.04.

The firm also recently declared a monthly dividend, which will be paid on Tuesday, November 30th. Investors of record on Monday, November 22nd will be paid a $0.078 dividend. The ex-dividend date of this dividend is Friday, November 19th. This represents a $0.94 dividend on an annualized basis and a dividend yield of 5.67%.

Blackstone / GSO Senior Floating Rate Term Fund Company Profile

Blackstone Senior Floating Rate Term Fund operates as a closed-end investment fund. Its objective is to seek high current income and preservation of capital. The firm primarily invests in senior secured and floating rate loans. The company was founded on May 26, 2010 and is headquartered in New York, NY.

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