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

Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSL) saw a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 49,632 shares, a growth of 102.0% from the July 15th total of 24,572 shares. Based on an average daily volume of 36,485 shares, the short-interest ratio is currently 1.4 days.

Institutional Trading of Blackstone Senior Floating Rate 2027 Term Fund

Several hedge funds and other institutional investors have recently bought and sold shares of BSL. Bank of America Corp DE grew its holdings in Blackstone Senior Floating Rate 2027 Term Fund by 9.4% during the third quarter. Bank of America Corp DE now owns 887,589 shares of the company’s stock worth $12,480,000 after acquiring an additional 76,035 shares during the period. Sit Investment Associates Inc. acquired a new position in Blackstone Senior Floating Rate 2027 Term Fund in the fourth quarter valued at approximately $2,887,000. UBS Group AG boosted its position in Blackstone Senior Floating Rate 2027 Term Fund by 0.6% in the 4th quarter. UBS Group AG now owns 165,007 shares of the company’s stock worth $2,228,000 after purchasing an additional 959 shares in the last quarter. TrueMark Investments LLC boosted its position in Blackstone Senior Floating Rate 2027 Term Fund by 5.4% in the 1st quarter. TrueMark Investments LLC now owns 77,909 shares of the company’s stock worth $1,009,000 after purchasing an additional 3,960 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC grew its stake in shares of Blackstone Senior Floating Rate 2027 Term Fund by 1.1% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 73,355 shares of the company’s stock worth $990,000 after purchasing an additional 792 shares during the period.

Blackstone Senior Floating Rate 2027 Term Fund Price Performance

NYSE:BSL traded up $0.01 during mid-day trading on Friday, hitting $13.09. The company’s stock had a trading volume of 26,567 shares, compared to its average volume of 44,031. The business’s fifty day moving average is $13.02 and its two-hundred day moving average is $13.03. Blackstone Senior Floating Rate 2027 Term Fund has a 1 year low of $12.45 and a 1 year high of $14.35.

Blackstone Senior Floating Rate 2027 Term Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 24th will be issued a $0.088 dividend. This represents a c) annualized dividend and a dividend yield of 8.1%. The ex-dividend date of this dividend is Monday, August 24th.

About Blackstone Senior Floating Rate 2027 Term Fund

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.