Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSL) Shares Shorted: Short Interest Up 62.9% in September

Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSL) saw a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 29,024 shares, a growth of 62.9% from the September 15th total of 17,813 shares. Based on an average trading volume of 43,641 shares, the short-interest ratio is presently 0.7 days.

Blackstone Senior Floating Rate 2027 Term Fund Stock Performance

BSL stock opened at $12.94 on Friday. The company has a 50-day moving average of $12.99 and a two-hundred day moving average of $13.01. Blackstone Senior Floating Rate 2027 Term Fund has a 52-week low of $12.45 and a 52-week high of $13.99.

Blackstone Senior Floating Rate 2027 Term Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, November 30th. Investors of record on Friday, November 20th will be paid a dividend of $0.0840 per share. The ex-dividend date is Friday, November 20th. This represents a $1.01 annualized dividend and a yield of 7.8%.

Institutional Trading of Blackstone Senior Floating Rate 2027 Term Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE acquired a new position in shares of Blackstone Senior Floating Rate 2027 Term Fund during the second quarter worth approximately $7,246,000. Sit Investment Associates Inc. bought a new position in Blackstone Senior Floating Rate 2027 Term Fund during the fourth quarter worth $2,887,000. Rivernorth Capital Management LLC increased its position in Blackstone Senior Floating Rate 2027 Term Fund by 3.4% during the second quarter. Rivernorth Capital Management LLC now owns 80,558 shares of the company’s stock worth $1,043,000 after acquiring an additional 2,649 shares during the period. TrueMark Investments LLC grew 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 during the last quarter. Finally, Hilltop Holdings Inc. grew its position in Blackstone Senior Floating Rate 2027 Term Fund by 15.4% in the 1st quarter. Hilltop Holdings Inc. now owns 47,218 shares of the company’s stock worth $611,000 after purchasing an additional 6,308 shares during the last quarter.

About Blackstone Senior Floating Rate 2027 Term Fund

Blackstone Senior Floating Rate 2027 Term Fund (NYSE: BSL) is a closed-end investment company designed to provide investors with current income while preserving capital. The fund primarily invests in senior secured, floating-rate loans and other debt investments issued by companies across a range of industries.

The fund generally focuses on below-investment-grade corporate loans, which typically pay interest at rates that adjust periodically based on a reference interest rate. This structure may help reduce the impact of rising interest rates compared with investments in fixed-rate debt, although the fund remains subject to credit, liquidity and other investment risks.

BSL was formerly known as Blackstone/GSO Senior Floating Rate Term Fund and is advised by an affiliate of Blackstone, a global alternative asset management firm.