Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSL) Short Interest Update

Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSL) saw a large growth in short interest in the month of December. As of December 15th, there was short interest totalling 29,100 shares, a growth of 46.2% from the November 30th total of 19,900 shares. Based on an average daily trading volume, of 58,100 shares, the short-interest ratio is presently 0.5 days.

Institutional Trading of Blackstone Senior Floating Rate 2027 Term Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BSL. Hilltop Holdings Inc. boosted its position in shares of Blackstone Senior Floating Rate 2027 Term Fund by 16.6% in the 3rd quarter. Hilltop Holdings Inc. now owns 42,515 shares of the company’s stock valued at $600,000 after purchasing an additional 6,050 shares during the period. Advisors Asset Management Inc. grew its holdings 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 worth $3,665,000 after buying an additional 55,882 shares during the last quarter. Jaffetilchin Investment Partners LLC increased its position in Blackstone Senior Floating Rate 2027 Term Fund by 27.9% in the 3rd quarter. Jaffetilchin Investment Partners LLC now owns 30,030 shares of the company’s stock valued at $424,000 after acquiring an additional 6,548 shares during the period. Wolverine Asset Management LLC acquired a new position in shares of Blackstone Senior Floating Rate 2027 Term Fund in the third quarter valued at approximately $148,000. Finally, Leavell Investment Management Inc. raised its stake in shares of Blackstone Senior Floating Rate 2027 Term Fund by 8.4% during the 3rd quarter. Leavell Investment Management Inc. now owns 171,225 shares of the company’s stock worth $2,418,000 after buying an additional 13,225 shares during the last quarter.

Blackstone Senior Floating Rate 2027 Term Fund Price Performance

BSL stock traded up $0.08 during mid-day trading on Monday, reaching $14.54. The company had a trading volume of 6,866 shares, compared to its average volume of 56,256. The firm has a fifty day simple moving average of $14.41 and a 200 day simple moving average of $14.24. Blackstone Senior Floating Rate 2027 Term Fund has a fifty-two week low of $13.26 and a fifty-two week high of $14.84.

Blackstone Senior Floating Rate 2027 Term Fund Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd will be issued a dividend of $0.108 per share. This represents a $1.30 dividend on an annualized basis and a yield of 8.91%. The ex-dividend date is Monday, December 23rd.

Blackstone Senior Floating Rate 2027 Term Fund Company Profile

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.