Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSL) Short Interest Up 62.6% in March
by Renee Jackson · The Cerbat GemBlackstone Senior Floating Rate 2027 Term Fund (NYSE:BSL – Get Free Report) was the target of a significant growth in short interest in the month of March. As of March 31st, there was short interest totaling 36,891 shares, a growth of 62.6% from the March 15th total of 22,687 shares. Based on an average trading volume of 51,235 shares, the short-interest ratio is currently 0.7 days.
Blackstone Senior Floating Rate 2027 Term Fund Trading Up 0.1%
Shares of BSL stock traded up $0.01 during mid-day trading on Wednesday, reaching $12.91. 12,320 shares of the company’s stock traded hands, compared to its average volume of 51,825. Blackstone Senior Floating Rate 2027 Term Fund has a 12 month low of $12.45 and a 12 month high of $14.35. The firm has a 50 day moving average price of $12.94 and a two-hundred day moving average price of $13.43.
Blackstone Senior Floating Rate 2027 Term Fund Announces Dividend
The business also recently declared a monthly dividend, which will be paid on Friday, May 29th. Shareholders of record on Thursday, May 21st will be issued a dividend of $0.084 per share. This represents a c) annualized dividend and a yield of 7.8%. The ex-dividend date of this dividend is Thursday, May 21st.
Institutional Trading of Blackstone Senior Floating Rate 2027 Term Fund
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Sit Investment Associates Inc. purchased a new position in shares of Blackstone Senior Floating Rate 2027 Term Fund during the 4th quarter valued at about $2,887,000. Kestra Advisory Services LLC purchased a new stake in Blackstone Senior Floating Rate 2027 Term Fund in the 4th quarter worth approximately $34,000. Steward Partners Investment Advisory LLC raised its stake in 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 acquiring an additional 792 shares during the period. Harbour Investments Inc. raised its stake in Blackstone Senior Floating Rate 2027 Term Fund by 520.3% during the 4th quarter. Harbour Investments Inc. now owns 1,861 shares of the company’s stock worth $25,000 after acquiring an additional 1,561 shares during the period. Finally, Wolverine Asset Management LLC purchased a new position in Blackstone Senior Floating Rate 2027 Term Fund during the fourth quarter valued at approximately $347,000.
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.