Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSL) Short Interest Up 219.6% in June

Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSL) was the target of a large increase in short interest in the month of June. As of June 15th, there was short interest totaling 29,480 shares, an increase of 219.6% from the May 31st total of 9,223 shares. Based on an average trading volume of 48,153 shares, the short-interest ratio is presently 0.6 days.

Blackstone Senior Floating Rate 2027 Term Fund Stock Performance

NYSE BSL traded up $0.02 during mid-day trading on Friday, hitting $12.92. The stock had a trading volume of 33,643 shares, compared to its average volume of 46,297. The company has a 50 day simple moving average of $13.06 and a 200 day simple moving average of $13.17. Blackstone Senior Floating Rate 2027 Term Fund has a 52-week low of $12.45 and a 52-week high of $14.35.

Blackstone Senior Floating Rate 2027 Term Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 24th will be given a $0.088 dividend. The ex-dividend date is Monday, August 24th. This represents a c) dividend on an annualized basis and a dividend yield of 8.2%.

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

Several institutional investors and hedge funds have recently made changes to their positions in the business. Bank of America Corp DE increased its holdings in Blackstone Senior Floating Rate 2027 Term Fund by 9.4% during the 3rd quarter. Bank of America Corp DE now owns 887,589 shares of the company’s stock valued at $12,480,000 after acquiring an additional 76,035 shares in the last quarter. Sit Investment Associates Inc. purchased a new stake in shares of Blackstone Senior Floating Rate 2027 Term Fund in the fourth quarter valued at about $2,887,000. UBS Group AG grew its position in shares of Blackstone Senior Floating Rate 2027 Term Fund by 0.6% in the fourth quarter. UBS Group AG now owns 165,007 shares of the company’s stock valued at $2,228,000 after purchasing an additional 959 shares during the last quarter. TrueMark Investments LLC increased its stake in shares of Blackstone Senior Floating Rate 2027 Term Fund by 5.4% during the 1st quarter. TrueMark Investments LLC now owns 77,909 shares of the company’s stock worth $1,009,000 after purchasing an additional 3,960 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC increased its stake in shares of Blackstone Senior Floating Rate 2027 Term Fund by 1.1% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 73,355 shares of the company’s stock worth $990,000 after purchasing an additional 792 shares in the last quarter.

About Blackstone Senior Floating Rate 2027 Term Fund

Blackstone Senior Floating Rate 2027 Term Fund (NYSE: BSL) is a closed-end management investment company that seeks to provide investors with current income by primarily investing in senior floating-rate loans. Managed by Blackstone Credit, the fund focuses on lending solutions to corporate borrowers, offering exposure to debt instruments designed to adjust with prevailing interest rates. BSL’s structure is designed to mature in 2027, at which point the fund will seek to liquidate its portfolio and distribute proceeds to shareholders.

The fund’s investment strategy centers on senior secured loans and other floating-rate debt issued by U.S.