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

Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSL) saw a large growth in short interest during the month of 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 volume of 58,900 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Bank of America Corp DE boosted its holdings in Blackstone Senior Floating Rate 2027 Term Fund by 11.0% in the 4th quarter. Bank of America Corp DE now owns 793,763 shares of the company’s stock valued at $11,383,000 after purchasing an additional 78,840 shares in the last quarter. Advisors Asset Management Inc. grew its holdings in Blackstone Senior Floating Rate 2027 Term Fund by 7.1% during the fourth quarter. Advisors Asset Management Inc. now owns 277,999 shares of the company’s stock worth $3,987,000 after acquiring an additional 18,454 shares during the period. Invesco Ltd. raised its position in Blackstone Senior Floating Rate 2027 Term Fund by 19.0% in 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. Leavell Investment Management Inc. raised its position in Blackstone Senior Floating Rate 2027 Term Fund by 7.6% in the fourth quarter. Leavell Investment Management Inc. now owns 184,180 shares of the company’s stock worth $2,641,000 after acquiring an additional 12,955 shares in the last quarter. Finally, LPL Financial LLC boosted its position in shares of Blackstone Senior Floating Rate 2027 Term Fund by 5.2% during the 4th quarter. LPL Financial LLC now owns 60,240 shares of the company’s stock worth $864,000 after purchasing an additional 2,983 shares in the last quarter.

Blackstone Senior Floating Rate 2027 Term Fund Price Performance

Shares of NYSE BSL remained flat at $14.10 during mid-day trading on Thursday. The company had a trading volume of 9,469 shares, compared to its average volume of 52,750. The business’s fifty day moving average is $14.30 and its 200 day moving average is $14.32. Blackstone Senior Floating Rate 2027 Term Fund has a 52-week low of $13.75 and a 52-week high of $14.84.

Blackstone Senior Floating Rate 2027 Term Fund Cuts Dividend

The company also recently announced a dividend, which will be paid on Monday, March 31st. Stockholders 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.