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 June. As of June 15th, there was short interest totaling 29,480 shares, a growth of 219.6% from the May 31st total of 9,223 shares. Based on an average trading volume of 48,153 shares, the short-interest ratio is currently 0.6 days.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Raymond James Financial Inc. lifted its stake in Blackstone Senior Floating Rate 2027 Term Fund by 13.3% in the second quarter. Raymond James Financial Inc. now owns 72,486 shares of the company’s stock valued at $1,037,000 after buying an additional 8,506 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of Blackstone Senior Floating Rate 2027 Term Fund by 1.8% in the second 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 period. Captrust Financial Advisors grew its position 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 acquiring an additional 12,659 shares during the last quarter. UBS Group AG grew its position 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 acquiring an additional 4,058 shares during the last quarter. Finally, Hilltop Holdings Inc. increased its holdings in shares of Blackstone Senior Floating Rate 2027 Term Fund by 5.0% in the 3rd quarter. Hilltop Holdings Inc. now owns 42,360 shares of the company’s stock valued at $596,000 after acquiring an additional 2,000 shares during the period.

Blackstone Senior Floating Rate 2027 Term Fund Stock Up 0.1%

Shares of BSL stock opened at $12.93 on Tuesday. The stock’s 50-day moving average is $13.06 and its two-hundred day moving average is $13.16. Blackstone Senior Floating Rate 2027 Term Fund has a 1 year low of $12.45 and a 1 year high of $14.35.

Blackstone Senior Floating Rate 2027 Term Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 24th will be given a $0.088 dividend. The ex-dividend date of this dividend is Monday, August 24th. This represents a c) dividend on an annualized basis and a dividend yield of 8.2%.

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.