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

Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSL) was the target of a significant growth in short interest in November. As of November 15th, there was short interest totalling 25,000 shares, a growth of 23.8% from the October 31st total of 20,200 shares. Based on an average trading volume of 56,000 shares, the short-interest ratio is currently 0.4 days.

Blackstone Senior Floating Rate 2027 Term Fund Price Performance

Shares of BSL traded up $0.04 on Monday, hitting $14.69. 45,669 shares of the stock traded hands, compared to its average volume of 56,486. Blackstone Senior Floating Rate 2027 Term Fund has a one year low of $13.00 and a one year high of $14.72. The business has a 50 day simple moving average of $14.25 and a 200 day simple moving average of $14.18.

Blackstone Senior Floating Rate 2027 Term Fund Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, November 29th. Investors of record on Thursday, November 21st were given a dividend of $0.114 per share. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $1.37 annualized dividend and a yield of 9.31%.

Institutional Trading of Blackstone Senior Floating Rate 2027 Term Fund

Several institutional investors and hedge funds have recently modified their holdings of BSL. Shaker Financial Services LLC purchased a new stake in Blackstone Senior Floating Rate 2027 Term Fund in the second quarter worth $835,000. Advisors Asset Management Inc. increased its stake in shares of Blackstone Senior Floating Rate 2027 Term Fund by 27.4% during the third quarter. Advisors Asset Management Inc. now owns 259,545 shares of the company’s stock valued at $3,665,000 after buying an additional 55,882 shares during the period. Leavell Investment Management Inc. raised its holdings in shares of Blackstone Senior Floating Rate 2027 Term Fund by 14.2% in the second quarter. Leavell Investment Management Inc. now owns 158,000 shares of the company’s stock valued at $2,214,000 after acquiring an additional 19,700 shares in the last quarter. Wolverine Asset Management LLC purchased a new position in Blackstone Senior Floating Rate 2027 Term Fund during the 3rd quarter valued at about $148,000. Finally, Jaffetilchin Investment Partners LLC increased its holdings in shares of Blackstone Senior Floating Rate 2027 Term Fund by 54.6% in the 2nd quarter. Jaffetilchin Investment Partners LLC now owns 23,482 shares of the company’s stock valued at $329,000 after acquiring an additional 8,292 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.