Short Interest in BlackRock Core Bond Trust (NYSE:BHK) Increases By 108.4%

BlackRock Core Bond Trust (NYSE:BHK) was the target of a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 714,490 shares, an increase of 108.4% from the July 15th total of 342,912 shares. Based on an average daily volume of 340,588 shares, the short-interest ratio is presently 2.1 days.

BlackRock Core Bond Trust Stock Performance

Shares of NYSE BHK traded down $0.10 during midday trading on Friday, reaching $9.05. 75,564 shares of the company were exchanged, compared to its average volume of 294,799. The stock’s 50-day moving average price is $9.03 and its 200-day moving average price is $9.18. BlackRock Core Bond Trust has a one year low of $8.69 and a one year high of $10.12.

BlackRock Core Bond Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be given a dividend of $0.0746 per share. The ex-dividend date is Tuesday, September 15th. This represents a c) dividend on an annualized basis and a yield of 9.9%.

Hedge Funds Weigh In On BlackRock Core Bond Trust

Institutional investors and hedge funds have recently bought and sold shares of the company. First Trust Advisors LP raised its position in BlackRock Core Bond Trust by 130.0% during the 1st quarter. First Trust Advisors LP now owns 234,502 shares of the investment management company’s stock worth $2,148,000 after purchasing an additional 132,527 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of BlackRock Core Bond Trust by 145.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 349,001 shares of the investment management company’s stock valued at $3,197,000 after buying an additional 206,557 shares during the last quarter. 1607 Capital Partners LLC acquired a new stake in shares of BlackRock Core Bond Trust in the fourth quarter valued at about $4,355,000. Wolverine Asset Management LLC bought a new position in shares of BlackRock Core Bond Trust during the fourth quarter worth about $1,032,000. Finally, Morse Asset Management Inc raised its position in shares of BlackRock Core Bond Trust by 10.9% during the fourth quarter. Morse Asset Management Inc now owns 25,868 shares of the investment management company’s stock worth $248,000 after acquiring an additional 2,535 shares during the last quarter.

About BlackRock Core Bond Trust

BlackRock Core Bond Trust (NYSE: BHK) is a closed-end management investment company that seeks to provide shareholders with a high level of current income, consistent with the preservation of capital. The trust primarily invests in a diversified portfolio of investment-grade fixed-income securities, including U.S. government and agency obligations, corporate bonds, mortgage- and asset-backed securities, and other debt instruments. The fund may employ leverage to enhance its income-generating potential.

Since its inception in 2008, BHK has been managed by a dedicated team of fixed-income professionals at BlackRock Advisors, drawing on the firm’s global research capabilities and risk-management platform.