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 in 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 volume of 39,769 shares, the days-to-cover ratio is currently 1.3 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of BSL. Harbour Investments Inc. lifted its holdings in shares of Blackstone Senior Floating Rate 2027 Term Fund by 520.3% during the fourth quarter. Harbour Investments Inc. now owns 1,861 shares of the company’s stock valued at $25,000 after purchasing an additional 1,561 shares in the last quarter. Kestra Advisory Services LLC bought a new position in shares of Blackstone Senior Floating Rate 2027 Term Fund during the fourth quarter valued at $34,000. Kathmere Capital Management LLC bought a new position in shares of Blackstone Senior Floating Rate 2027 Term Fund during the first quarter valued at $136,000. Susquehanna International Group LLP bought a new position in shares of Blackstone Senior Floating Rate 2027 Term Fund during the third quarter valued at $144,000. Finally, Noble Wealth Management PBC purchased a new stake in Blackstone Senior Floating Rate 2027 Term Fund during the fourth quarter valued at $187,000.

Blackstone Senior Floating Rate 2027 Term Fund Trading Down 0.3%

Shares of NYSE:BSL traded down $0.04 during midday trading on Friday, reaching $13.17. 21,143 shares of the company’s stock traded hands, compared to its average volume of 48,018. Blackstone Senior Floating Rate 2027 Term Fund has a one year low of $12.45 and a one year high of $14.35. The stock has a 50 day moving average of $12.96 and a 200 day moving average of $13.33.

Blackstone Senior Floating Rate 2027 Term Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, May 29th. Stockholders of record on Thursday, May 21st will be issued a dividend of $0.084 per share. This represents a c) dividend on an annualized basis and a dividend yield of 7.7%. The ex-dividend date of this dividend is Thursday, May 21st.

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.