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

BlackRock Core Bond Trust (NYSE:BHK) was the recipient of a large decrease in short interest in the month of January. As of January 31st, there was short interest totalling 40,700 shares, a decrease of 7.3% from the January 15th total of 43,900 shares. Based on an average daily volume of 149,700 shares, the days-to-cover ratio is presently 0.3 days.

BlackRock Core Bond Trust Stock Performance

NYSE BHK traded down $0.03 during trading on Tuesday, hitting $10.50. The company’s stock had a trading volume of 89,960 shares, compared to its average volume of 134,312. BlackRock Core Bond Trust has a 52 week low of $10.09 and a 52 week high of $12.10. The firm has a 50 day moving average price of $10.52 and a 200 day moving average price of $11.17.

BlackRock Core Bond Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be given a dividend of $0.0746 per share. This represents a $0.90 dividend on an annualized basis and a yield of 8.53%. The ex-dividend date of this dividend is Friday, February 14th.

Institutional Trading of BlackRock Core Bond Trust

Hedge funds have recently bought and sold shares of the stock. Brown Brothers Harriman & Co. bought a new stake in shares of BlackRock Core Bond Trust during the third quarter valued at approximately $32,000. Huntington National Bank bought a new stake in BlackRock Core Bond Trust in the fourth quarter valued at about $63,000. Corient Private Wealth LLC bought a new stake in BlackRock Core Bond Trust in the fourth quarter valued at about $108,000. Steward Partners Investment Advisory LLC raised its position in BlackRock Core Bond Trust by 34.8% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 10,611 shares of the investment management company’s stock worth $111,000 after purchasing an additional 2,739 shares in the last quarter. Finally, HighTower Advisors LLC bought a new position in BlackRock Core Bond Trust during the third quarter worth about $134,000.

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.