Blackstone / GSO Senior Floating Rate Term Fund (NYSE:BSL – Get Rating) was the recipient of a significant growth in short interest in August. As of August 15th, there was short interest totalling 15,600 shares, a growth of 477.8% from the July 31st total of 2,700 shares. Based on an average trading volume of 47,000 shares, the days-to-cover ratio is currently 0.3 days.
Blackstone / GSO Senior Floating Rate Term Fund Stock Down 0.3 %
NYSE:BSL traded down $0.04 on Thursday, reaching $13.81. 15,896 shares of the stock traded hands, compared to its average volume of 50,226. Blackstone / GSO Senior Floating Rate Term Fund has a 12 month low of $12.88 and a 12 month high of $17.53. The company's fifty day simple moving average is $13.47 and its 200 day simple moving average is $14.29.
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The business also recently declared a monthly dividend, which will be paid on Wednesday, August 31st. Stockholders of record on Wednesday, August 24th will be issued a dividend of $0.074 per share. This represents a $0.89 dividend on an annualized basis and a dividend yield of 6.43%. The ex-dividend date is Tuesday, August 23rd.
Institutional Trading of Blackstone / GSO Senior Floating Rate Term Fund
A number of institutional investors have recently made changes to their positions in the stock. Advisor Group Holdings Inc. boosted its holdings in shares of Blackstone / GSO Senior Floating Rate Term Fund by 1.2% in the first quarter. Advisor Group Holdings Inc. now owns 63,891 shares of the company's stock worth $511,000 after buying an additional 763 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Blackstone / GSO Senior Floating Rate Term Fund by 151.8% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 1,959 shares of the company's stock worth $30,000 after buying an additional 1,181 shares during the last quarter. Virtus ETF Advisers LLC boosted its holdings in shares of Blackstone / GSO Senior Floating Rate Term Fund by 3.8% in the second quarter. Virtus ETF Advisers LLC now owns 33,670 shares of the company's stock worth $448,000 after buying an additional 1,230 shares during the last quarter. Bramshill Investments LLC purchased a new position in Blackstone / GSO Senior Floating Rate Term Fund during the second quarter valued at approximately $46,000. Finally, Allworth Financial LP purchased a new position in Blackstone / GSO Senior Floating Rate Term Fund during the second quarter valued at approximately $48,000.About Blackstone / GSO Senior Floating Rate Term Fund
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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.
Further Reading
- Get a free copy of the StockNews.com research report on Blackstone / GSO Senior Floating Rate Term Fund (BSL)
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