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 decline in short interest in September. As of September 15th, there was short interest totaling 17,813 shares, a decline of 40.9% from the August 31st total of 30,137 shares. Based on an average daily trading volume, of 67,991 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Trading of Blackstone Senior Floating Rate 2027 Term Fund

Several hedge funds and other institutional investors have recently modified their holdings of BSL. Rivernorth Capital Management LLC lifted its holdings in shares of Blackstone Senior Floating Rate 2027 Term Fund by 3.4% in the second 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 in the last quarter. Beacon Pointe Advisors LLC bought a new position in shares of Blackstone Senior Floating Rate 2027 Term Fund during the second quarter worth about $424,000. Comprehensive Money Management Services LLC acquired a new stake in Blackstone Senior Floating Rate 2027 Term Fund in the 2nd quarter valued at approximately $431,000. Almitas Capital LLC acquired a new stake in Blackstone Senior Floating Rate 2027 Term Fund in the 2nd quarter valued at approximately $576,000. Finally, Bank of America Corp DE acquired a new stake in Blackstone Senior Floating Rate 2027 Term Fund in the 2nd quarter valued at approximately $7,246,000.

Blackstone Senior Floating Rate 2027 Term Fund Stock Down 0.1%

Shares of BSL stock traded down $0.01 during trading hours on Thursday, hitting $12.94. 25,858 shares of the company were exchanged, compared to its average volume of 45,494. The business has a 50 day moving average of $12.99 and a two-hundred day moving average of $13.00. Blackstone Senior Floating Rate 2027 Term Fund has a 52 week low of $12.45 and a 52 week high of $14.04.

Blackstone Senior Floating Rate 2027 Term Fund Announces Dividend

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

Blackstone Senior Floating Rate 2027 Term Fund Company Profile

Blackstone Senior Floating Rate 2027 Term Fund (NYSE: BSL) is a closed-end investment fund managed by an affiliate of Blackstone Inc The fund seeks to provide a high level of current income while preserving capital, primarily by investing in senior secured, floating-rate loans and other floating-rate debt instruments.

Its portfolio generally consists of loans made to companies across a range of industries, with an emphasis on senior secured obligations that rank ahead of other debt and equity securities in a borrower’s capital structure.