BlackRock Core Bond Trust (NYSE:BHK) Sees Significant Increase in Short Interest

BlackRock Core Bond Trust (NYSE:BHK) saw a significant growth in short interest in the month of 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 trading volume, of 152,200 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Raymond James Financial Inc. purchased a new stake in BlackRock Core Bond Trust in the fourth quarter worth $6,402,000. Guggenheim Capital LLC boosted its holdings in shares of BlackRock Core Bond Trust by 32.4% during the 4th quarter. Guggenheim Capital LLC now owns 725,325 shares of the investment management company’s stock valued at $7,587,000 after buying an additional 177,672 shares in the last quarter. Ibex Wealth Advisors purchased a new stake in shares of BlackRock Core Bond Trust in the 4th quarter worth about $1,110,000. Bank of America Corp DE increased its stake in shares of BlackRock Core Bond Trust by 13.5% in the 4th 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 lifted its position in BlackRock Core Bond Trust by 12.0% during the 4th quarter. Dynamic Advisor Solutions LLC now owns 303,989 shares of the investment management company’s stock valued at $3,180,000 after acquiring an additional 32,538 shares during the period.

BlackRock Core Bond Trust Price Performance

BHK stock traded up $0.16 during trading on Monday, reaching $10.87. The company had a trading volume of 208,903 shares, compared to its average volume of 146,561. BlackRock Core Bond Trust has a 52 week low of $10.09 and a 52 week high of $12.10. The business has a 50 day moving average of $10.48 and a 200 day moving average of $11.14.

BlackRock Core Bond Trust Announces Dividend

The company also recently announced a monthly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a $0.0746 dividend. This represents a $0.90 annualized dividend and a dividend yield of 8.23%. The ex-dividend date was Friday, February 14th.

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.