Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSL) Short Interest Update

Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSL) was the target of a large drop in short interest during the month of November. As of November 30th, there was short interest totalling 19,900 shares, a drop of 20.4% from the November 15th total of 25,000 shares. Based on an average trading volume of 57,900 shares, the days-to-cover ratio is currently 0.3 days.

Blackstone Senior Floating Rate 2027 Term Fund Price Performance

BSL stock traded up $0.07 during trading on Friday, reaching $14.60. 44,832 shares of the stock were exchanged, compared to its average volume of 56,555. The business has a 50 day moving average price of $14.36 and a 200-day moving average price of $14.21. Blackstone Senior Floating Rate 2027 Term Fund has a 1 year low of $13.20 and a 1 year high of $14.84.

Blackstone Senior Floating Rate 2027 Term Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Thursday, October 31st. Investors of record on Thursday, October 24th were issued a $0.114 dividend. This represents a $1.37 dividend on an annualized basis and a yield of 9.37%. The ex-dividend date was Thursday, October 24th.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Dynamic Advisor Solutions LLC lifted its holdings in shares of Blackstone Senior Floating Rate 2027 Term Fund by 6.4% in the 2nd quarter. Dynamic Advisor Solutions LLC now owns 12,077 shares of the company’s stock worth $169,000 after acquiring an additional 731 shares during the last quarter. Tranquility Partners LLC lifted its stake in Blackstone Senior Floating Rate 2027 Term Fund by 4.5% during the second quarter. Tranquility Partners LLC now owns 96,756 shares of the company’s stock worth $1,356,000 after purchasing an additional 4,174 shares in the last quarter. Jaffetilchin Investment Partners LLC boosted its position in shares of Blackstone Senior Floating Rate 2027 Term Fund by 54.6% during the second quarter. Jaffetilchin Investment Partners LLC now owns 23,482 shares of the company’s stock worth $329,000 after buying an additional 8,292 shares during the period. Shaker Financial Services LLC acquired a new stake in shares of Blackstone Senior Floating Rate 2027 Term Fund in the second quarter valued at $835,000. Finally, Leavell Investment Management Inc. raised its holdings in shares of Blackstone Senior Floating Rate 2027 Term Fund by 8.4% in the 3rd quarter. Leavell Investment Management Inc. now owns 171,225 shares of the company’s stock valued at $2,418,000 after buying an additional 13,225 shares during the period.

About Blackstone Senior Floating Rate 2027 Term Fund

Blackstone Senior Floating Rate 2027 Term Fund is a closed-ended fixed income mutual fund launched by The Blackstone Group L.P. It is managed by GSO / Blackstone Debt Funds Management LLC. The fund invests in the fixed income markets of the United States. It seeks to invest in stocks of companies operating across diversified sectors.