Short Interest in Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSL) Rises By 46.2%

Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSL) saw a significant increase in short interest in December. As of December 15th, there was short interest totalling 29,100 shares, an increase of 46.2% from the November 30th total of 19,900 shares. Based on an average trading volume of 58,100 shares, the days-to-cover ratio is currently 0.5 days.

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

Several hedge funds have recently modified their holdings of BSL. Jaffetilchin Investment Partners LLC increased its stake in shares of Blackstone Senior Floating Rate 2027 Term Fund by 54.6% in the 2nd quarter. Jaffetilchin Investment Partners LLC now owns 23,482 shares of the company’s stock valued at $329,000 after purchasing an additional 8,292 shares in the last quarter. Shaker Financial Services LLC purchased a new stake in shares of Blackstone Senior Floating Rate 2027 Term Fund in the second quarter valued at approximately $835,000. Leavell Investment Management Inc. raised its stake in shares of Blackstone Senior Floating Rate 2027 Term Fund by 8.4% during the 3rd quarter. Leavell Investment Management Inc. now owns 171,225 shares of the company’s stock worth $2,418,000 after buying an additional 13,225 shares during the period. Wolverine Asset Management LLC acquired a new position in shares of Blackstone Senior Floating Rate 2027 Term Fund during the 3rd quarter worth approximately $148,000. Finally, Advisors Asset Management Inc. grew its stake in Blackstone Senior Floating Rate 2027 Term Fund by 27.4% in the 3rd quarter. Advisors Asset Management Inc. now owns 259,545 shares of the company’s stock valued at $3,665,000 after acquiring an additional 55,882 shares during the period.

Blackstone Senior Floating Rate 2027 Term Fund Price Performance

Shares of NYSE:BSL traded up $0.02 during trading on Monday, hitting $14.48. 5,867 shares of the stock traded hands, compared to its average volume of 56,254. The company has a fifty day moving average price of $14.41 and a two-hundred day moving average price of $14.24. Blackstone Senior Floating Rate 2027 Term Fund has a 52-week low of $13.26 and a 52-week high of $14.84.

Blackstone Senior Floating Rate 2027 Term Fund Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd will be given a $0.108 dividend. The ex-dividend date is Monday, December 23rd. This represents a $1.30 dividend on an annualized basis and a dividend yield of 8.95%.

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.