Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSL) Short Interest Down 50.5% in May

Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSL) was the recipient of a significant drop in short interest in May. As of May 29th, there was short interest totaling 9,223 shares, a drop of 50.5% from the May 14th total of 18,641 shares. Based on an average trading volume of 36,924 shares, the days-to-cover ratio is presently 0.2 days.

Blackstone Senior Floating Rate 2027 Term Fund Trading Up 0.2%

NYSE BSL opened at $12.98 on Friday. The firm has a 50 day moving average of $13.03 and a two-hundred day moving average of $13.21. Blackstone Senior Floating Rate 2027 Term Fund has a 52 week low of $12.45 and a 52 week high of $14.35.

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

Several hedge funds have recently made changes to their positions in BSL. Harbour Investments Inc. increased its holdings in shares of Blackstone Senior Floating Rate 2027 Term Fund by 520.3% in the fourth quarter. Harbour Investments Inc. now owns 1,861 shares of the company’s stock valued at $25,000 after purchasing an additional 1,561 shares during the period. Kestra Advisory Services LLC purchased a new position in Blackstone Senior Floating Rate 2027 Term Fund during the 4th quarter worth $34,000. Kathmere Capital Management LLC purchased a new position in Blackstone Senior Floating Rate 2027 Term Fund during the 1st quarter worth $136,000. Susquehanna International Group LLP acquired a new stake in shares of Blackstone Senior Floating Rate 2027 Term Fund in the 3rd quarter worth $144,000. Finally, Noble Wealth Management PBC purchased a new stake in shares of Blackstone Senior Floating Rate 2027 Term Fund in the fourth quarter valued at about $187,000.

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.