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 growth in short interest in the month of March. As of March 15th, there was short interest totalling 39,400 shares, a growth of 36.8% from the February 28th total of 28,800 shares. Based on an average daily trading volume, of 56,600 shares, the short-interest ratio is presently 0.7 days.

Hedge Funds Weigh In On Blackstone Senior Floating Rate 2027 Term Fund

Several institutional investors and hedge funds have recently made changes to their positions in BSL. Bank of America Corp DE boosted its stake in Blackstone Senior Floating Rate 2027 Term Fund by 11.0% in the 4th quarter. Bank of America Corp DE now owns 793,763 shares of the company’s stock valued at $11,383,000 after purchasing an additional 78,840 shares during the period. Raymond James Financial Inc. bought a new position in Blackstone Senior Floating Rate 2027 Term Fund during the fourth quarter worth about $847,000. Invesco Ltd. grew its position in Blackstone Senior Floating Rate 2027 Term Fund by 19.0% during the fourth quarter. Invesco Ltd. now owns 233,807 shares of the company’s stock worth $3,353,000 after buying an additional 37,265 shares in the last quarter. Comprehensive Money Management Services LLC bought a new position in Blackstone Senior Floating Rate 2027 Term Fund during the 4th quarter worth $472,000. Finally, Advisors Asset Management Inc. lifted its position in shares of Blackstone Senior Floating Rate 2027 Term Fund by 7.1% during the 4th quarter. Advisors Asset Management Inc. now owns 277,999 shares of the company’s stock valued at $3,987,000 after acquiring an additional 18,454 shares during the period.

Blackstone Senior Floating Rate 2027 Term Fund Trading Down 0.5 %

Blackstone Senior Floating Rate 2027 Term Fund stock traded down $0.08 during mid-day trading on Monday, hitting $14.14. 20,503 shares of the company’s stock traded hands, compared to its average volume of 52,692. The firm has a 50 day simple moving average of $14.28 and a two-hundred day simple moving average of $14.31. Blackstone Senior Floating Rate 2027 Term Fund has a fifty-two week low of $13.75 and a fifty-two week high of $14.84.

Blackstone Senior Floating Rate 2027 Term Fund Announces Dividend

The business also recently declared a dividend, which will be paid on Monday, March 31st. Shareholders of record on Tuesday, March 25th will be issued a $0.097 dividend. The ex-dividend date is Monday, March 24th. This represents a yield of 8.25%.

Blackstone Senior Floating Rate 2027 Term Fund Company Profile

Blackstone Senior Floating Rate 2027 Term Fund is a closed-ended fixed income mutual fund launched by The Blackstone Group L.P. It is managed by GSO / Blackstone Debt Funds Management LLC. The fund invests in the fixed income markets of the United States. It seeks to invest in stocks of companies operating across diversified sectors.