Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSL) Short Interest Up 36.8% in March

Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSL) saw a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 39,400 shares, an increase of 36.8% from the February 28th total of 28,800 shares. Based on an average daily trading volume, of 56,600 shares, the short-interest ratio is currently 0.7 days.

Blackstone Senior Floating Rate 2027 Term Fund Stock Down 0.2 %

BSL stock traded down $0.03 during trading hours on Tuesday, hitting $14.10. 27,255 shares of the stock were exchanged, compared to its average volume of 52,709. Blackstone Senior Floating Rate 2027 Term Fund has a 12 month low of $13.75 and a 12 month high of $14.84. The company has a 50-day simple moving average of $14.27 and a two-hundred day simple moving average of $14.31.

Blackstone Senior Floating Rate 2027 Term Fund Announces Dividend

The company also recently disclosed a dividend, which was paid on Monday, March 31st. Shareholders of record on Tuesday, March 25th were paid a dividend of $0.097 per share. The ex-dividend date of this dividend was Monday, March 24th. This represents a yield of 8.25%.

Institutional Investors Weigh In On Blackstone Senior Floating Rate 2027 Term Fund

Large investors have recently modified their holdings of the business. Comprehensive Money Management Services LLC bought a new position in shares of Blackstone Senior Floating Rate 2027 Term Fund in the 4th quarter valued at $472,000. Bank of America Corp DE increased its position in shares of Blackstone Senior Floating Rate 2027 Term Fund by 11.0% during the fourth quarter. Bank of America Corp DE now owns 793,763 shares of the company’s stock worth $11,383,000 after buying an additional 78,840 shares during the period. Virtus ETF Advisers LLC raised its position in shares of 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. Raymond James Financial Inc. acquired a new position in Blackstone Senior Floating Rate 2027 Term Fund in the fourth quarter valued at approximately $847,000. Finally, Invesco Ltd. boosted its stake in Blackstone Senior Floating Rate 2027 Term Fund by 19.0% during the fourth quarter. Invesco Ltd. now owns 233,807 shares of the company’s stock worth $3,353,000 after acquiring an additional 37,265 shares in the last quarter.

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.