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 trading volume of 67,991 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of BSL. Harbour Investments Inc. boosted its stake in shares of Blackstone Senior Floating Rate 2027 Term Fund by 520.3% during the 4th quarter. Harbour Investments Inc. now owns 1,861 shares of the company’s stock worth $25,000 after acquiring an additional 1,561 shares in the last quarter. BlackRock Inc. purchased a new stake in shares of Blackstone Senior Floating Rate 2027 Term Fund during the second quarter valued at $32,000. Kathmere Capital Management LLC purchased a new stake in shares of Blackstone Senior Floating Rate 2027 Term Fund during the first quarter valued at $136,000. Royal Bank of Canada boosted its position in shares of Blackstone Senior Floating Rate 2027 Term Fund by 14.2% in the 1st quarter. Royal Bank of Canada now owns 18,717 shares of the company’s stock valued at $241,000 after purchasing an additional 2,332 shares during the period. Finally, Beacon Pointe Advisors LLC acquired a new position in shares of Blackstone Senior Floating Rate 2027 Term Fund in the 2nd quarter valued at $424,000.

Blackstone Senior Floating Rate 2027 Term Fund Stock Performance

Shares of NYSE:BSL traded up $0.06 during trading hours on Wednesday, hitting $12.98. 13,488 shares of the company’s stock traded hands, compared to its average volume of 45,480. Blackstone Senior Floating Rate 2027 Term Fund has a 52 week low of $12.45 and a 52 week high of $14.05. The company’s fifty day simple moving average is $13.00 and its two-hundred day simple moving average is $13.00.

Blackstone Senior Floating Rate 2027 Term Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, November 30th. Shareholders of record on Friday, November 20th will be given a $0.0840 dividend. The ex-dividend date is Friday, November 20th. This represents a $1.01 annualized dividend and a yield of 7.8%.

About Blackstone Senior Floating Rate 2027 Term Fund

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.