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

Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSL) was the recipient of a significant decline in short interest in the month of May. As of May 15th, there was short interest totaling 18,641 shares, a decline of 63.0% from the April 30th total of 50,360 shares. Based on an average daily trading volume, of 29,855 shares, the short-interest ratio is presently 0.6 days.

Blackstone Senior Floating Rate 2027 Term Fund Trading Up 0.1%

Blackstone Senior Floating Rate 2027 Term Fund stock traded up $0.01 during mid-day trading on Friday, hitting $12.98. The company had a trading volume of 59,345 shares, compared to its average volume of 47,035. The stock’s 50 day moving average price is $13.01 and its two-hundred day moving average price is $13.27. Blackstone Senior Floating Rate 2027 Term Fund has a 12 month low of $12.45 and a 12 month high of $14.35.

Blackstone Senior Floating Rate 2027 Term Fund Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Friday, May 29th. Stockholders of record on Thursday, May 21st were issued a dividend of $0.084 per share. This represents a c) dividend on an annualized basis and a dividend yield of 7.8%. The ex-dividend date of this dividend was Thursday, May 21st.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Raymond James Financial Inc. lifted its holdings in Blackstone Senior Floating Rate 2027 Term Fund by 13.3% in the second quarter. Raymond James Financial Inc. now owns 72,486 shares of the company’s stock valued at $1,037,000 after acquiring an additional 8,506 shares during the period. Bank of America Corp DE lifted its holdings in Blackstone Senior Floating Rate 2027 Term Fund by 9.4% in the third 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 during the period. UBS Group AG lifted its holdings in Blackstone Senior Floating Rate 2027 Term Fund by 2.5% in the third quarter. UBS Group AG now owns 164,048 shares of the company’s stock valued at $2,307,000 after acquiring an additional 4,058 shares during the period. Hilltop Holdings Inc. lifted its holdings in Blackstone Senior Floating Rate 2027 Term Fund by 5.0% in the third quarter. Hilltop Holdings Inc. now owns 42,360 shares of the company’s stock valued at $596,000 after acquiring an additional 2,000 shares during the period. Finally, Kestra Advisory Services LLC bought a new position in Blackstone Senior Floating Rate 2027 Term Fund in the fourth quarter valued at about $34,000.

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.