BlackRock Core Bond Trust (NYSE:BHK) Sees Large Decline in Short Interest

BlackRock Core Bond Trust (NYSE:BHK) was the recipient of a large decline in short interest in the month of January. As of January 31st, there was short interest totalling 40,700 shares, a decline of 7.3% from the January 15th total of 43,900 shares. Based on an average trading volume of 149,700 shares, the short-interest ratio is presently 0.3 days.

BlackRock Core Bond Trust Price Performance

BlackRock Core Bond Trust stock traded down $0.02 during trading on Monday, reaching $10.52. The company had a trading volume of 137,838 shares, compared to its average volume of 135,791. The firm’s 50-day simple moving average is $10.54 and its 200 day simple moving average is $11.17. BlackRock Core Bond Trust has a 52 week low of $10.09 and a 52 week high of $12.10.

BlackRock Core Bond Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be given a dividend of $0.0746 per share. The ex-dividend date is Friday, February 14th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 8.51%.

Institutional Investors Weigh In On BlackRock Core Bond Trust

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Private Advisor Group LLC lifted its holdings in BlackRock Core Bond Trust by 23.0% during the third quarter. Private Advisor Group LLC now owns 237,370 shares of the investment management company’s stock valued at $2,858,000 after purchasing an additional 44,366 shares in the last quarter. International Assets Investment Management LLC raised its position in shares of BlackRock Core Bond Trust by 1,104.0% during the 3rd quarter. International Assets Investment Management LLC now owns 231,024 shares of the investment management company’s stock valued at $27,820,000 after purchasing an additional 211,836 shares during the period. Ellis Investment Partners LLC lifted its stake in shares of BlackRock Core Bond Trust by 3.5% during the 3rd quarter. Ellis Investment Partners LLC now owns 73,588 shares of the investment management company’s stock valued at $886,000 after buying an additional 2,491 shares in the last quarter. Pinnacle Associates Ltd. boosted its holdings in BlackRock Core Bond Trust by 7.6% in the 3rd quarter. Pinnacle Associates Ltd. now owns 14,211 shares of the investment management company’s stock worth $171,000 after buying an additional 1,000 shares during the period. Finally, Fiera Capital Corp increased its stake in BlackRock Core Bond Trust by 5.7% in the 3rd quarter. Fiera Capital Corp now owns 225,190 shares of the investment management company’s stock worth $2,711,000 after buying an additional 12,110 shares in the last quarter.

BlackRock Core Bond Trust Company Profile

BlackRock Core Bond Trust is a closed-ended fixed income mutual fund launched by BlackRock, Inc The fund is managed by BlackRock Advisors, LLC. It invests in the fixed income markets of the United States. The fund primarily invests in investment grade quality bonds, including corporate bonds, government and agency securities, and mortgage-related securities.