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

Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSL) saw a significant increase in short interest in March. As of March 31st, there was short interest totaling 36,891 shares, an increase of 62.6% from the March 15th total of 22,687 shares. Based on an average daily volume of 51,235 shares, the days-to-cover ratio is presently 0.7 days.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Sit Investment Associates Inc. purchased a new stake in shares of Blackstone Senior Floating Rate 2027 Term Fund in the 4th quarter valued at about $2,887,000. Kestra Advisory Services LLC bought a new position in shares of Blackstone Senior Floating Rate 2027 Term Fund in the fourth quarter worth approximately $34,000. Steward Partners Investment Advisory LLC raised its stake in Blackstone Senior Floating Rate 2027 Term Fund by 1.1% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 73,355 shares of the company’s stock valued at $990,000 after purchasing an additional 792 shares in the last quarter. Harbour Investments Inc. raised its stake in Blackstone Senior Floating Rate 2027 Term Fund by 520.3% in 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. Finally, Wolverine Asset Management LLC bought a new stake in Blackstone Senior Floating Rate 2027 Term Fund during the fourth quarter valued at approximately $347,000.

Blackstone Senior Floating Rate 2027 Term Fund Stock Performance

BSL traded down $0.01 during trading on Wednesday, reaching $12.89. 16,466 shares of the company were exchanged, compared to its average volume of 51,920. Blackstone Senior Floating Rate 2027 Term Fund has a 12-month low of $12.45 and a 12-month high of $14.35. The company’s 50-day moving average is $12.94 and its two-hundred day moving average is $13.43.

Blackstone Senior Floating Rate 2027 Term Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, May 29th. Investors of record on Thursday, May 21st will be given a $0.084 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 7.8%. The ex-dividend date 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.