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

Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSL) was the target of a large drop in short interest during the month of February. As of February 15th, there was short interest totalling 24,200 shares, a drop of 48.3% from the January 31st total of 46,800 shares. Based on an average daily trading volume, of 54,200 shares, the days-to-cover ratio is presently 0.4 days.

Blackstone Senior Floating Rate 2027 Term Fund Stock Performance

NYSE:BSL traded up $0.09 during midday trading on Friday, reaching $14.12. The stock had a trading volume of 163,471 shares, compared to its average volume of 59,592. Blackstone Senior Floating Rate 2027 Term Fund has a 1-year low of $13.75 and a 1-year high of $14.84. The firm’s fifty day simple moving average is $14.38 and its 200-day simple moving average is $14.33.

Blackstone Senior Floating Rate 2027 Term Fund Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 21st were paid a $0.108 dividend. The ex-dividend date of this dividend was Friday, February 21st. This represents a $1.30 dividend on an annualized basis and a yield of 9.18%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Noble Wealth Management PBC acquired a new position in Blackstone Senior Floating Rate 2027 Term Fund in the 4th quarter valued at $59,000. Wolverine Asset Management LLC bought a new stake in Blackstone Senior Floating Rate 2027 Term Fund in the 3rd quarter valued at $148,000. Jaffetilchin Investment Partners LLC boosted its holdings 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 purchasing an additional 6,548 shares during the period. Hilltop Holdings Inc. boosted its holdings in 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. Finally, Virtus ETF Advisers LLC boosted its holdings in Blackstone Senior Floating Rate 2027 Term Fund by 15.6% in the 4th quarter. Virtus ETF Advisers LLC now owns 46,387 shares of the company’s stock valued at $665,000 after purchasing an additional 6,271 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.