Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSL) Shares Shorted: Short Interest Up 106.0% in October

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

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

Large investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE purchased a new stake in Blackstone Senior Floating Rate 2027 Term Fund during the second quarter valued at approximately $7,246,000. Rivernorth Capital Management LLC lifted its stake in shares of Blackstone Senior Floating Rate 2027 Term Fund by 3.4% in the 2nd 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 during the last quarter. Hilltop Holdings Inc. lifted its stake in shares of 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 valued at $611,000 after purchasing an additional 6,308 shares during the last quarter. Almitas Capital LLC purchased a new position in shares of Blackstone Senior Floating Rate 2027 Term Fund in the 2nd quarter worth approximately $576,000. Finally, Comprehensive Money Management Services LLC purchased a new position in shares of Blackstone Senior Floating Rate 2027 Term Fund in the 2nd quarter worth approximately $431,000.

Blackstone Senior Floating Rate 2027 Term Fund Stock Performance

Shares of Blackstone Senior Floating Rate 2027 Term Fund stock traded down $0.01 during trading hours on Friday, reaching $12.85. The company’s stock had a trading volume of 28,319 shares, compared to its average volume of 45,328. The firm has a 50 day moving average price of $12.94 and a 200-day moving average price of $13.03. Blackstone Senior Floating Rate 2027 Term Fund has a one year low of $12.45 and a one year high of $13.99.

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. Investors of record on Friday, November 20th will be issued a $0.0840 dividend. The ex-dividend date of this dividend is Friday, November 20th. This represents a $1.01 dividend on an annualized basis and a dividend yield of 7.8%.

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.