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

BlackRock Core Bond Trust (NYSE:BHK) was the recipient of a large drop in short interest in the month of November. As of November 30th, there was short interest totalling 625,000 shares, a drop of 12.3% from the November 15th total of 712,600 shares. Based on an average daily trading volume, of 135,700 shares, the short-interest ratio is currently 4.6 days.

BlackRock Core Bond Trust Price Performance

Shares of NYSE BHK traded down $0.03 during mid-day trading on Friday, reaching $11.08. 148,502 shares of the company traded hands, compared to its average volume of 152,914. BlackRock Core Bond Trust has a fifty-two week low of $10.17 and a fifty-two week high of $12.10. The stock has a fifty day simple moving average of $11.39 and a 200-day simple moving average of $11.26.

BlackRock Core Bond Trust Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 16th will be given a dividend of $0.0746 per share. This represents a $0.90 annualized dividend and a dividend yield of 8.08%. The ex-dividend date of this dividend is Monday, December 16th.

Institutional Trading of BlackRock Core Bond Trust

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Brown Brothers Harriman & Co. bought a new position in shares of BlackRock Core Bond Trust in the third quarter valued at $32,000. Fairscale Capital LLC acquired a new position in shares of BlackRock Core Bond Trust in the 2nd quarter valued at about $35,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in BlackRock Core Bond Trust in the 3rd quarter worth approximately $48,000. JTC Employer Solutions Trustee Ltd purchased a new stake in shares of BlackRock Core Bond Trust during the third quarter worth $87,000. Finally, Gilman Hill Asset Management LLC acquired a new position in BlackRock Core Bond Trust in the 3rd quarter worth about $120,000.

About BlackRock Core Bond Trust

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.