Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSL) Short Interest Down 48.3% in February

Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSL) saw a large decrease in short interest in February. As of February 15th, there was short interest totalling 24,200 shares, a decrease of 48.3% from the January 31st total of 46,800 shares. Based on an average daily volume of 54,200 shares, the days-to-cover ratio is currently 0.4 days.

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

Several hedge funds and other institutional investors have recently made changes to their positions in BSL. Bank of America Corp DE increased its stake in Blackstone Senior Floating Rate 2027 Term Fund by 11.0% in the fourth quarter. Bank of America Corp DE now owns 793,763 shares of the company’s stock valued at $11,383,000 after acquiring an additional 78,840 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Blackstone Senior Floating Rate 2027 Term Fund in the 4th quarter valued at $847,000. Advisors Asset Management Inc. increased its stake in shares of Blackstone Senior Floating Rate 2027 Term Fund by 27.4% in the 3rd quarter. Advisors Asset Management Inc. now owns 259,545 shares of the company’s stock valued at $3,665,000 after purchasing an additional 55,882 shares during the last quarter. Invesco Ltd. raised its holdings in shares of Blackstone Senior Floating Rate 2027 Term Fund by 19.0% during the 4th 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. Finally, Leavell Investment Management Inc. lifted its position in shares of Blackstone Senior Floating Rate 2027 Term Fund by 8.4% during the 3rd quarter. Leavell Investment Management Inc. now owns 171,225 shares of the company’s stock worth $2,418,000 after buying an additional 13,225 shares during the last quarter.

Blackstone Senior Floating Rate 2027 Term Fund Stock Down 0.1 %

Shares of NYSE BSL traded down $0.02 during mid-day trading on Monday, reaching $14.11. The company had a trading volume of 54,688 shares, compared to its average volume of 59,467. The business’s 50-day simple moving average is $14.38 and its 200 day simple moving average is $14.33. Blackstone Senior Floating Rate 2027 Term Fund has a one year low of $13.75 and a one year high of $14.84.

Blackstone Senior Floating Rate 2027 Term Fund Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 21st were issued a $0.108 dividend. This represents a $1.30 annualized dividend and a yield of 9.19%. The ex-dividend date was Friday, February 21st.

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.