Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSL) Short Interest Update

Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSL) was the target of a significant growth in short interest in 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.

Blackstone Senior Floating Rate 2027 Term Fund Stock Performance

Shares of BSL remained flat at $14.10 during mid-day trading on Wednesday. 27,893 shares of the stock traded hands, compared to its average volume of 52,916. The company has a fifty day moving average of $14.30 and a 200-day moving average of $14.32. Blackstone Senior Floating Rate 2027 Term Fund has a 1-year low of $13.75 and a 1-year high of $14.84.

Blackstone Senior Floating Rate 2027 Term Fund Cuts Dividend

The firm also recently announced a dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 24th will be given a dividend of $0.097 per share. The ex-dividend date of this dividend is Monday, March 24th.

Hedge Funds Weigh In On Blackstone Senior Floating Rate 2027 Term Fund

Hedge funds have recently modified their holdings of the business. LPL Financial LLC lifted its holdings in shares of Blackstone Senior Floating Rate 2027 Term Fund by 5.2% during the fourth quarter. LPL Financial LLC now owns 60,240 shares of the company’s stock worth $864,000 after purchasing an additional 2,983 shares during the period. Noble Wealth Management PBC acquired a new stake in shares of Blackstone Senior Floating Rate 2027 Term Fund during the fourth quarter worth $59,000. Hilltop Holdings Inc. lifted its holdings in shares of Blackstone Senior Floating Rate 2027 Term Fund by 16.6% during the third quarter. Hilltop Holdings Inc. now owns 42,515 shares of the company’s stock worth $600,000 after purchasing an additional 6,050 shares during the period. Virtus ETF Advisers LLC lifted its holdings in shares of Blackstone Senior Floating Rate 2027 Term Fund by 15.6% during the fourth quarter. Virtus ETF Advisers LLC now owns 46,387 shares of the company’s stock worth $665,000 after purchasing an additional 6,271 shares during the period. Finally, Leavell Investment Management Inc. lifted its holdings in shares of Blackstone Senior Floating Rate 2027 Term Fund by 7.6% during the fourth quarter. Leavell Investment Management Inc. now owns 184,180 shares of the company’s stock worth $2,641,000 after purchasing an additional 12,955 shares during the period.

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.