Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSL) Stock Short Interest Jumps 106.0%

Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSL) was the recipient of a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 59,801 shares, an increase of 106.0% from the September 30th total of 29,024 shares. Based on an average trading volume of 43,393 shares, the days-to-cover ratio is currently 1.4 days.

Hedge Funds Weigh In On 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 company. Bank of America Corp DE purchased a new stake in shares of Blackstone Senior Floating Rate 2027 Term Fund during the 2nd quarter worth approximately $7,246,000. Rivernorth Capital Management LLC grew its holdings in shares of Blackstone Senior Floating Rate 2027 Term Fund by 3.4% in the second quarter. Rivernorth Capital Management LLC now owns 80,558 shares of the company’s stock valued at $1,043,000 after purchasing an additional 2,649 shares in the last quarter. Hilltop Holdings Inc. increased its position in Blackstone Senior Floating Rate 2027 Term Fund by 15.4% in the first 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. Almitas Capital LLC bought a new stake in Blackstone Senior Floating Rate 2027 Term Fund in the second quarter worth $576,000. Finally, Comprehensive Money Management Services LLC bought a new stake in Blackstone Senior Floating Rate 2027 Term Fund in the second quarter worth $431,000.

Blackstone Senior Floating Rate 2027 Term Fund Stock Performance

BSL traded down $0.01 during trading on Friday, hitting $12.85. 28,319 shares of the company traded hands, compared to its average volume of 45,328. The stock’s 50-day simple moving average is $12.94 and its two-hundred day simple 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 $13.99.

Blackstone Senior Floating Rate 2027 Term Fund Dividend Announcement

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

About Blackstone Senior Floating Rate 2027 Term Fund

Blackstone Senior Floating Rate 2027 Term Fund (NYSE: BSL) is a diversified, closed-end management investment company. The fund seeks to provide investors with current income and, to a lesser extent, capital appreciation by investing primarily in senior secured, floating-rate loans and other debt securities.

Its portfolio generally consists of loans made to U.S. and non-U.S. companies, including investments in senior secured corporate loans, floating-rate notes and other credit instruments.