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 February. As of February 28th, there was short interest totalling 28,800 shares, a growth of 19.0% from the February 13th total of 24,200 shares. Based on an average daily trading volume, of 58,900 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Trading of Blackstone Senior Floating Rate 2027 Term Fund

Institutional investors and hedge funds have recently bought and sold shares of the business. Noble Wealth Management PBC acquired a new position in shares of Blackstone Senior Floating Rate 2027 Term Fund in the 4th quarter valued at $59,000. Comprehensive Money Management Services LLC purchased a new stake in Blackstone Senior Floating Rate 2027 Term Fund in the 4th quarter worth $472,000. Hilltop Holdings Inc. increased 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 worth $600,000 after acquiring an additional 6,050 shares in the last quarter. Virtus ETF Advisers LLC increased 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 worth $665,000 after acquiring an additional 6,271 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in Blackstone Senior Floating Rate 2027 Term Fund in the 4th quarter worth $847,000.

Blackstone Senior Floating Rate 2027 Term Fund Stock Performance

NYSE BSL remained flat at $14.10 during trading on Wednesday. 27,893 shares of the company’s stock were exchanged, compared to its average volume of 52,916. The company has a 50-day simple moving average of $14.30 and a 200 day simple moving average of $14.32. Blackstone Senior Floating Rate 2027 Term Fund has a 1-year low of $13.75 and a 1-year high of $14.84.

Blackstone Senior Floating Rate 2027 Term Fund Cuts Dividend

The business also recently announced a dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 24th will be paid a $0.097 dividend. The ex-dividend date is Monday, March 24th.

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.