Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSL) Sees Significant Growth in Short Interest

Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSL) saw a significant growth in short interest in the month of July. As of July 31st, there was short interest totalling 20,000 shares, a growth of 316.7% from the July 15th total of 4,800 shares. Based on an average trading volume of 45,800 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Trading of Blackstone Senior Floating Rate 2027 Term Fund

Several institutional investors have recently made changes to their positions in BSL. Shaker Financial Services LLC bought a new position in shares of Blackstone Senior Floating Rate 2027 Term Fund during the 2nd quarter worth approximately $835,000. Jaffetilchin Investment Partners LLC raised its stake in 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 acquiring an additional 8,292 shares in the last quarter. Tranquility Partners LLC lifted its holdings in shares of 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 valued at $1,356,000 after acquiring an additional 4,174 shares during the period. Leavell Investment Management Inc. boosted its stake in shares of Blackstone Senior Floating Rate 2027 Term Fund by 14.2% in the 2nd quarter. Leavell Investment Management Inc. now owns 158,000 shares of the company’s stock valued at $2,214,000 after purchasing an additional 19,700 shares in the last quarter. Finally, Dynamic Advisor Solutions LLC grew 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 purchasing an additional 731 shares during the last quarter.

Blackstone Senior Floating Rate 2027 Term Fund Stock Up 0.1 %

Shares of NYSE BSL traded up $0.02 during mid-day trading on Tuesday, hitting $14.10. The company had a trading volume of 16,764 shares, compared to its average volume of 58,248. Blackstone Senior Floating Rate 2027 Term Fund has a 12 month low of $12.50 and a 12 month high of $14.56. The business’s 50-day simple moving average is $14.08 and its 200-day simple moving average is $14.09.

Blackstone Senior Floating Rate 2027 Term Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, August 30th. Shareholders of record on Friday, August 23rd will be issued a $0.114 dividend. This represents a $1.37 annualized dividend and a yield of 9.70%. The ex-dividend date is Friday, August 23rd.

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.