Short Interest in BlackRock Core Bond Trust (NYSE:BHK) Grows By 53.2%

BlackRock Core Bond Trust (NYSE:BHK) was the target of a significant growth in short interest in the month of March. As of March 15th, there was short interest totalling 115,800 shares, a growth of 53.2% from the February 28th total of 75,600 shares. Based on an average daily trading volume, of 148,400 shares, the short-interest ratio is presently 0.8 days.

BlackRock Core Bond Trust Stock Performance

Shares of BlackRock Core Bond Trust stock traded up $0.07 on Monday, hitting $10.84. 140,019 shares of the company’s stock traded hands, compared to its average volume of 141,311. BlackRock Core Bond Trust has a one year low of $10.09 and a one year high of $12.10. The firm’s 50-day moving average price is $10.61 and its two-hundred day moving average price is $11.00.

BlackRock Core Bond Trust Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a dividend of $0.0746 per share. This represents a $0.90 dividend on an annualized basis and a yield of 8.26%. The ex-dividend date of this dividend is Friday, March 14th.

Hedge Funds Weigh In On BlackRock Core Bond Trust

Several institutional investors have recently modified their holdings of the stock. Huntington National Bank acquired a new position in BlackRock Core Bond Trust during the fourth quarter valued at approximately $63,000. Corient Private Wealth LLC acquired a new position in shares of BlackRock Core Bond Trust in the 4th quarter valued at $108,000. Steward Partners Investment Advisory LLC increased its position in shares of BlackRock Core Bond Trust by 34.8% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 10,611 shares of the investment management company’s stock valued at $111,000 after buying an additional 2,739 shares in the last quarter. HighTower Advisors LLC acquired a new stake in BlackRock Core Bond Trust during the 3rd quarter worth $134,000. Finally, Citadel Advisors LLC bought a new position in BlackRock Core Bond Trust during the fourth quarter worth about $128,000.

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.