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Blackstone Credit & Insurance Closed-End Funds Declare Monthly Distributions
PRNewswire (Mon, 11-Mar 4:45 PM ET)
Blackstone Credit Closed-End Funds Announce Trustee and Officer Changes
PRNewswire (Thu, 4-Jan 4:15 PM ET)
Blackstone / GSO Senior Floating Rate Term Fund (“BSL” or herein, the “Fund”) is a closed-end fund that trades on the New York Stock Exchange under the symbol “BSL”. BSL’s primary investment objective is to seek high current income, with a secondary objective to seek preservation of capital, consistent with its primary goal of high current income. Under normal market conditions, the fund invests at least 80% of its total assets in senior, secured floating rate loans (“Senior Loans”). BSL may also invest in second-lien loans and high yield bonds and employs financial leverage, which may increase risk to the fund.
Blackstone/Gso Senior Floating trades on the NYSE stock market under the symbol BSL.
As of March 28, 2024, BSL stock price climbed to $14.33 with 49,708 million shares trading.
BSL has a beta of 0.30, meaning it tends to be less sensitive to market movements. BSL has a correlation of 0.23 to the broad based SPY ETF.
BSL has a market cap of $186.41 million. This is considered a Micro Cap stock.
In the last 3 years, BSL stock traded as high as $17.53 and as low as $12.19.
BSL has underperformed the market in the last year with a price return of +25.3% while the SPY ETF gained +33.6%. However, in the short term, BSL had mixed performance relative to the market. It has outperformed in the last 3 months, returning +10.6% vs +10.1% return in SPY. But in the last 2 weeks, BSL shares have been beat by the market, returning -0.4% compared to an SPY return of +1.7%.
BSL support price is $14.18 and resistance is $14.40 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that BSL stock will trade within this expected range on the day.