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

Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSL) saw a large 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 days-to-cover ratio is presently 1.4 days.

Institutional Trading of Blackstone Senior Floating Rate 2027 Term Fund

Institutional investors and hedge funds have recently modified their holdings of the stock. Steward Partners Investment Advisory LLC lifted its position in shares of Blackstone Senior Floating Rate 2027 Term Fund by 1.1% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 73,355 shares of the company’s stock valued at $990,000 after acquiring an additional 792 shares in the last quarter. UBS Group AG boosted its holdings in shares of Blackstone Senior Floating Rate 2027 Term Fund by 0.6% during 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 during the last quarter. Harbour Investments Inc. grew its position in shares of Blackstone Senior Floating Rate 2027 Term Fund by 520.3% in the fourth quarter. Harbour Investments Inc. now owns 1,861 shares of the company’s stock valued at $25,000 after purchasing an additional 1,561 shares in the last quarter. Hilltop Holdings Inc. increased its holdings in shares of Blackstone Senior Floating Rate 2027 Term Fund by 5.0% in the third quarter. Hilltop Holdings Inc. now owns 42,360 shares of the company’s stock valued at $596,000 after purchasing an additional 2,000 shares during the last quarter. Finally, Royal Bank of Canada increased its holdings in shares of Blackstone Senior Floating Rate 2027 Term Fund by 14.2% in the first 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 last quarter.

Blackstone Senior Floating Rate 2027 Term Fund Stock Up 0.0%

BSL traded up $0.01 during 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. Blackstone Senior Floating Rate 2027 Term Fund has a twelve month low of $12.45 and a twelve month high of $14.35. The business’s fifty day simple moving average is $13.02 and its 200 day simple moving average is $13.03.

Blackstone Senior Floating Rate 2027 Term Fund Dividend Announcement

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

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.