Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSL) Short Interest Update

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

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

A number of institutional investors and hedge funds have recently made changes to their positions in BSL. Raymond James Financial Inc. increased its stake in Blackstone Senior Floating Rate 2027 Term Fund by 13.3% in the 2nd quarter. Raymond James Financial Inc. now owns 72,486 shares of the company’s stock worth $1,037,000 after acquiring an additional 8,506 shares during the last quarter. Bank of America Corp DE boosted its position in shares of Blackstone Senior Floating Rate 2027 Term Fund by 1.8% during the 2nd quarter. Bank of America Corp DE now owns 811,554 shares of the company’s stock valued at $11,605,000 after acquiring an additional 14,283 shares during the last quarter. Captrust Financial Advisors grew 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 worth $435,000 after purchasing an additional 12,659 shares in the last quarter. UBS Group AG grew its holdings in shares of Blackstone Senior Floating Rate 2027 Term Fund by 2.5% during the third quarter. UBS Group AG now owns 164,048 shares of the company’s stock worth $2,307,000 after purchasing an additional 4,058 shares in the last quarter. Finally, Hilltop Holdings Inc. increased its position in shares of Blackstone Senior Floating Rate 2027 Term Fund by 5.0% in the third quarter. Hilltop Holdings Inc. now owns 42,360 shares of the company’s stock worth $596,000 after purchasing an additional 2,000 shares during the last quarter.

Blackstone Senior Floating Rate 2027 Term Fund Stock Up 0.1%

Blackstone Senior Floating Rate 2027 Term Fund stock opened at $13.09 on Monday. Blackstone Senior Floating Rate 2027 Term Fund has a 1-year low of $12.45 and a 1-year high of $14.35. The firm’s 50 day simple moving average is $13.02 and its 200 day simple moving average is $13.03.

Blackstone Senior Floating Rate 2027 Term Fund Dividend Announcement

The company 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. This represents a c) dividend on an annualized basis and a dividend yield of 8.1%. The ex-dividend date is Monday, August 24th.

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.