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

Blackstone / GSO Senior Floating Rate Term Fund (NYSE:BSLGet Rating) saw a significant growth in short interest in March. As of March 31st, there was short interest totalling 4,100 shares, a growth of 36.7% from the March 15th total of 3,000 shares. Based on an average daily trading volume, of 53,100 shares, the short-interest ratio is currently 0.1 days.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Bank of America Corp DE boosted its position in shares of Blackstone / GSO Senior Floating Rate Term Fund by 12.0% in the 4th quarter. Bank of America Corp DE now owns 744,770 shares of the company’s stock valued at $12,788,000 after purchasing an additional 80,010 shares during the period. Integrated Wealth Concepts LLC grew its holdings in shares of Blackstone / GSO Senior Floating Rate Term Fund by 22.8% during the fourth quarter. Integrated Wealth Concepts LLC now owns 685,358 shares of the company’s stock valued at $11,768,000 after buying an additional 127,290 shares in the last quarter. Guggenheim Capital LLC raised its position in Blackstone / GSO Senior Floating Rate Term Fund by 3.7% during the third quarter. Guggenheim Capital LLC now owns 380,308 shares of the company’s stock valued at $6,245,000 after buying an additional 13,520 shares during the period. LPL Financial LLC lifted its stake in Blackstone / GSO Senior Floating Rate Term Fund by 0.5% in the 3rd quarter. LPL Financial LLC now owns 318,265 shares of the company’s stock worth $5,226,000 after acquiring an additional 1,488 shares in the last quarter. Finally, Coastal Bridge Advisors LLC boosted its position in Blackstone / GSO Senior Floating Rate Term Fund by 74.6% during the 3rd quarter. Coastal Bridge Advisors LLC now owns 158,521 shares of the company’s stock worth $2,603,000 after acquiring an additional 67,735 shares during the period.

Shares of NYSE:BSL traded down $0.11 on Friday, reaching $14.93. 32,385 shares of the company traded hands, compared to its average volume of 54,130. The company’s 50 day moving average is $15.24 and its 200-day moving average is $16.07. Blackstone / GSO Senior Floating Rate Term Fund has a fifty-two week low of $14.22 and a fifty-two week high of $17.53.

The business also recently announced a monthly dividend, which will be paid on Tuesday, May 31st. Stockholders of record on Monday, May 23rd will be given a dividend of $0.071 per share. This represents a $0.85 dividend on an annualized basis and a dividend yield of 5.71%. The ex-dividend date of this dividend is Friday, May 20th.

About Blackstone / GSO Senior Floating Rate Term Fund (Get Rating)

Blackstone/GSO Senior Floating Rate 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.

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