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

Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSL) was the target of a significant increase in short interest in the month of April. As of April 30th, there was short interest totaling 50,360 shares, an increase of 139.5% from the April 15th total of 21,024 shares. Based on an average daily trading volume, of 39,769 shares, the short-interest ratio is presently 1.3 days.

Blackstone Senior Floating Rate 2027 Term Fund Trading Down 0.3%

Shares of BSL stock traded down $0.04 during trading on Friday, hitting $13.17. The company had a trading volume of 21,143 shares, compared to its average volume of 48,018. The stock’s 50-day moving average price is $12.96 and its 200 day moving average price is $13.33. Blackstone Senior Floating Rate 2027 Term Fund has a one year low of $12.45 and a one year high of $14.35.

Blackstone Senior Floating Rate 2027 Term Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, May 29th. Investors of record on Thursday, May 21st will be paid a $0.084 dividend. This represents a c) annualized dividend and a dividend yield of 7.7%. The ex-dividend date is Thursday, May 21st.

Institutional Investors Weigh In On Blackstone Senior Floating Rate 2027 Term Fund

Several institutional investors have recently made changes to their positions in BSL. Sit Investment Associates Inc. bought a new stake in shares of Blackstone Senior Floating Rate 2027 Term Fund in the fourth quarter valued at approximately $2,887,000. Bank of America Corp DE boosted its stake in shares of Blackstone Senior Floating Rate 2027 Term Fund by 9.4% in the third quarter. Bank of America Corp DE now owns 887,589 shares of the company’s stock valued at $12,480,000 after buying an additional 76,035 shares during the period. TrueMark Investments LLC bought a new stake in shares of Blackstone Senior Floating Rate 2027 Term Fund in the third quarter valued at approximately $1,014,000. Wolverine Asset Management LLC bought a new stake in Blackstone Senior Floating Rate 2027 Term Fund during the fourth quarter worth $347,000. Finally, Shaker Financial Services LLC bought a new stake in Blackstone Senior Floating Rate 2027 Term Fund during the fourth quarter worth $271,000.

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.