Blackstone / GSO Senior Floating Rate Term Fund (NYSE:BSL) Short Interest Up 24.4% in April

Blackstone / GSO Senior Floating Rate Term Fund (NYSE:BSL – Get Rating) was the recipient of a significant growth in short interest during the month of April. As of April 15th, there was short interest totalling 5,100 shares, a growth of 24.4% from the March 31st total of 4,100 shares. Based on an average daily trading volume, of 52,300 shares, the short-interest ratio is currently 0.1 days.

NYSE:BSL opened at $14.45 on Tuesday. The stock’s 50 day moving average price is $14.97 and its 200 day moving average price is $15.94. Blackstone / GSO Senior Floating Rate Term Fund has a 52 week low of $14.22 and a 52 week high of $17.53.

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, May 31st. Investors of record on Monday, May 23rd will be issued a $0.071 dividend. The ex-dividend date of this dividend is Friday, May 20th. This represents a $0.85 dividend on an annualized basis and a yield of 5.90%.

Large investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE grew its holdings in Blackstone / GSO Senior Floating Rate Term Fund by 12.0% during the fourth 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 last quarter. Integrated Wealth Concepts LLC grew its holdings in 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 purchasing an additional 127,290 shares during the last quarter. Guggenheim Capital LLC grew its holdings 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 purchasing an additional 13,520 shares during the last quarter. LPL Financial LLC grew its holdings in Blackstone / GSO Senior Floating Rate Term Fund by 0.5% during the third quarter. LPL Financial LLC now owns 318,265 shares of the company’s stock valued at $5,226,000 after purchasing an additional 1,488 shares during the last quarter. Finally, Coastal Bridge Advisors LLC grew its holdings in Blackstone / GSO Senior Floating Rate Term Fund by 74.6% during the third quarter. Coastal Bridge Advisors LLC now owns 158,521 shares of the company’s stock valued at $2,603,000 after purchasing an additional 67,735 shares during the last quarter.

Blackstone / GSO Senior Floating Rate Term Fund Company Profile (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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