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

BlackRock Core Bond Trust (NYSE:BHK) saw a significant growth in short interest in February. As of February 15th, there was short interest totalling 59,600 shares, a growth of 46.4% from the January 31st total of 40,700 shares. Based on an average daily volume of 152,200 shares, the short-interest ratio is currently 0.4 days.

BlackRock Core Bond Trust Stock Performance

Shares of BlackRock Core Bond Trust stock traded down $0.09 during midday trading on Tuesday, hitting $10.78. The company’s stock had a trading volume of 158,954 shares, compared to its average volume of 146,653. BlackRock Core Bond Trust has a 1-year low of $10.09 and a 1-year high of $12.10. The stock has a 50-day simple moving average of $10.48 and a 200-day simple moving average of $11.13.

BlackRock Core Bond Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a dividend of $0.0746 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.90 annualized dividend and a yield of 8.31%.

Institutional Trading of BlackRock Core Bond Trust

A number of hedge funds have recently made changes to their positions in the stock. Raymond James Financial Inc. purchased a new position in BlackRock Core Bond Trust during the fourth quarter valued at approximately $6,402,000. Guggenheim Capital LLC increased its stake in shares of BlackRock Core Bond Trust by 32.4% in the fourth quarter. Guggenheim Capital LLC now owns 725,325 shares of the investment management company’s stock worth $7,587,000 after acquiring an additional 177,672 shares during the last quarter. Ibex Wealth Advisors acquired a new position in shares of BlackRock Core Bond Trust in the fourth quarter worth $1,110,000. Bank of America Corp DE raised its holdings in shares of BlackRock Core Bond Trust by 13.5% during the fourth quarter. Bank of America Corp DE now owns 381,791 shares of the investment management company’s stock worth $3,994,000 after acquiring an additional 45,427 shares in the last quarter. Finally, Dynamic Advisor Solutions LLC boosted its position in BlackRock Core Bond Trust by 12.0% during the fourth quarter. Dynamic Advisor Solutions LLC now owns 303,989 shares of the investment management company’s stock valued at $3,180,000 after purchasing an additional 32,538 shares during 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.