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

Blackstone / GSO Senior Floating Rate Term Fund (NYSE:BSLGet Rating) was the target of a large decline in short interest in the month of May. As of May 15th, there was short interest totalling 6,000 shares, a decline of 64.1% from the April 30th total of 16,700 shares. Based on an average trading volume of 54,300 shares, the days-to-cover ratio is presently 0.1 days.

Shares of BSL stock opened at $13.58 on Thursday. Blackstone / GSO Senior Floating Rate Term Fund has a 1 year low of $13.42 and a 1 year high of $17.53. The company’s fifty day simple moving average is $14.64 and its two-hundred day simple moving average is $15.65.

The business also recently announced a monthly dividend, which will be paid on Tuesday, May 31st. Investors of record on Monday, May 23rd will be given a $0.071 dividend. The ex-dividend date is Friday, May 20th. This represents a $0.85 annualized dividend and a yield of 6.27%.

A number of hedge funds and other institutional investors have recently bought and sold shares of BSL. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Blackstone / GSO Senior Floating Rate Term Fund by 151.8% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 1,959 shares of the company’s stock worth $30,000 after purchasing an additional 1,181 shares during the period. Wolverine Asset Management LLC purchased a new stake in shares of Blackstone / GSO Senior Floating Rate Term Fund during the first quarter worth about $59,000. Spire Wealth Management purchased a new stake in shares of Blackstone / GSO Senior Floating Rate Term Fund during the fourth quarter worth about $117,000. Paradigm Financial Partners LLC purchased a new stake in shares of Blackstone / GSO Senior Floating Rate Term Fund during the fourth quarter worth about $167,000. Finally, Hennion & Walsh Asset Management Inc. purchased a new stake in shares of Blackstone / GSO Senior Floating Rate Term Fund during the first quarter worth about $225,000.

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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