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

Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSL) was the recipient of a large growth in short interest in February. As of February 13th, there was short interest totaling 14,651 shares, a growth of 157.9% from the January 29th total of 5,681 shares. Based on an average daily volume of 56,268 shares, the short-interest ratio is currently 0.3 days. Based on an average daily volume of 56,268 shares, the short-interest ratio is currently 0.3 days.

Hedge Funds Weigh In On Blackstone Senior Floating Rate 2027 Term Fund

Hedge funds have recently modified their holdings of the company. Harbour Investments Inc. raised its position in shares of Blackstone Senior Floating Rate 2027 Term Fund by 520.3% during the 4th quarter. Harbour Investments Inc. now owns 1,861 shares of the company’s stock valued at $25,000 after purchasing an additional 1,561 shares during the period. Kestra Advisory Services LLC bought a new stake in Blackstone Senior Floating Rate 2027 Term Fund during the fourth quarter valued at about $34,000. Susquehanna International Group LLP purchased a new position in shares of Blackstone Senior Floating Rate 2027 Term Fund in the third quarter valued at about $144,000. Spinnaker Investment Group LLC bought a new position in shares of Blackstone Senior Floating Rate 2027 Term Fund in the third quarter worth about $158,000. Finally, Noble Wealth Management PBC purchased a new stake in shares of Blackstone Senior Floating Rate 2027 Term Fund during the fourth quarter worth about $187,000.

Blackstone Senior Floating Rate 2027 Term Fund Trading Down 0.3%

NYSE BSL opened at $12.99 on Friday. The business’s fifty day moving average is $13.43 and its 200 day moving average is $13.76. Blackstone Senior Floating Rate 2027 Term Fund has a fifty-two week low of $12.97 and a fifty-two week high of $14.35.

Blackstone Senior Floating Rate 2027 Term Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 20th will be issued a $0.095 dividend. This represents a c) annualized dividend and a yield of 8.8%. The ex-dividend date of this dividend is Friday, February 20th.

About Blackstone Senior Floating Rate 2027 Term Fund

Blackstone Senior Floating Rate 2027 Term Fund (NYSE: BSL) is a closed-end management investment company that seeks to provide investors with current income by primarily investing in senior floating-rate loans. Managed by Blackstone Credit, the fund focuses on lending solutions to corporate borrowers, offering exposure to debt instruments designed to adjust with prevailing interest rates. BSL’s structure is designed to mature in 2027, at which point the fund will seek to liquidate its portfolio and distribute proceeds to shareholders.

The fund’s investment strategy centers on senior secured loans and other floating-rate debt issued by U.S.