Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSL) Shares Shorted: Short Interest Down 40.9% in September

Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSL) was the recipient of a large decrease in short interest during the month of September. As of September 15th, there was short interest totaling 17,813 shares, a decrease of 40.9% from the August 31st total of 30,137 shares. Based on an average daily volume of 67,991 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Investors Weigh In On Blackstone Senior Floating Rate 2027 Term Fund

Hedge funds have recently modified their holdings of the business. Rivernorth Capital Management LLC lifted 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 valued at $1,043,000 after purchasing an additional 2,649 shares in the last quarter. Beacon Pointe Advisors LLC bought a new stake in Blackstone Senior Floating Rate 2027 Term Fund during the second quarter valued at about $424,000. Almitas Capital LLC purchased a new stake in Blackstone Senior Floating Rate 2027 Term Fund in the second quarter worth about $576,000. Bank of America Corp DE bought a new position in shares of Blackstone Senior Floating Rate 2027 Term Fund in the second quarter worth about $7,246,000. Finally, BlackRock Inc. purchased a new position in shares of Blackstone Senior Floating Rate 2027 Term Fund during the 2nd quarter valued at about $32,000.

Blackstone Senior Floating Rate 2027 Term Fund Stock Performance

Shares of BSL traded up $0.07 on Friday, reaching $12.99. The company’s stock had a trading volume of 19,589 shares, compared to its average volume of 45,350. The stock’s 50 day simple moving average is $12.99 and its two-hundred day simple moving average is $13.00. Blackstone Senior Floating Rate 2027 Term Fund has a 12-month low of $12.45 and a 12-month high of $14.04.

Blackstone Senior Floating Rate 2027 Term Fund Announces Dividend

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

Blackstone Senior Floating Rate 2027 Term Fund Company Profile

Blackstone Senior Floating Rate 2027 Term Fund (NYSE: BSL) is a closed-end investment fund managed by an affiliate of Blackstone Inc The fund seeks to provide a high level of current income while preserving capital, primarily by investing in senior secured, floating-rate loans and other floating-rate debt instruments.

Its portfolio generally consists of loans made to companies across a range of industries, with an emphasis on senior secured obligations that rank ahead of other debt and equity securities in a borrower’s capital structure.