Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSL) Sees Significant Increase in Short Interest

Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSL) was the recipient of a large growth in short interest in February. As of February 28th, there was short interest totalling 28,800 shares, a growth of 19.0% from the February 13th total of 24,200 shares. Based on an average trading volume of 58,900 shares, the short-interest ratio is presently 0.5 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of America Corp DE boosted its position in shares of Blackstone Senior Floating Rate 2027 Term Fund by 11.0% during 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 in the last quarter. Advisors Asset Management Inc. boosted its stake in 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 purchasing an additional 18,454 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of Blackstone Senior Floating Rate 2027 Term Fund by 19.0% in the fourth quarter. Invesco Ltd. now owns 233,807 shares of the company’s stock valued at $3,353,000 after purchasing an additional 37,265 shares in the last quarter. Leavell Investment Management Inc. lifted its position in shares of Blackstone Senior Floating Rate 2027 Term Fund by 7.6% during the fourth quarter. Leavell Investment Management Inc. now owns 184,180 shares of the company’s stock valued at $2,641,000 after purchasing an additional 12,955 shares in the last quarter. Finally, LPL Financial LLC increased its stake in Blackstone Senior Floating Rate 2027 Term Fund by 5.2% in the 4th quarter. LPL Financial LLC now owns 60,240 shares of the company’s stock valued at $864,000 after buying an additional 2,983 shares during the last quarter.

Blackstone Senior Floating Rate 2027 Term Fund Stock Performance

Shares of NYSE BSL traded down $0.05 during trading hours on Tuesday, hitting $14.10. 55,008 shares of the stock were exchanged, compared to its average volume of 53,039. The company’s fifty day simple moving average is $14.30 and its two-hundred day simple moving average is $14.32. Blackstone Senior Floating Rate 2027 Term Fund has a 1-year low of $13.75 and a 1-year high of $14.84.

Blackstone Senior Floating Rate 2027 Term Fund Cuts Dividend

The company also recently announced a dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 24th will be issued a $0.097 dividend. The ex-dividend date of this dividend is Monday, March 24th.

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.