Short Interest in BlackRock Core Bond Trust (NYSE:BHK) Grows By 208.7%

BlackRock Core Bond Trust (NYSE:BHK) was the recipient of a significant growth in short interest in July. As of July 15th, there was short interest totaling 342,912 shares, a growth of 208.7% from the June 30th total of 111,078 shares. Based on an average daily trading volume, of 305,883 shares, the short-interest ratio is currently 1.1 days.

Hedge Funds Weigh In On BlackRock Core Bond Trust

A number of institutional investors and hedge funds have recently modified their holdings of the business. Eclectic Associates Inc. ADV grew its holdings in shares of BlackRock Core Bond Trust by 2.8% during the second quarter. Eclectic Associates Inc. ADV now owns 89,517 shares of the investment management company’s stock valued at $821,000 after buying an additional 2,451 shares during the last quarter. Dynamic Advisor Solutions LLC raised its position in BlackRock Core Bond Trust by 10.6% in the second quarter. Dynamic Advisor Solutions LLC now owns 479,508 shares of the investment management company’s stock worth $4,397,000 after acquiring an additional 45,941 shares during the period. Axiom Investment Management LLC purchased a new position in BlackRock Core Bond Trust in the first quarter valued at approximately $35,000. Cetera Investment Advisers grew its stake in shares of BlackRock Core Bond Trust by 10.4% during the 1st quarter. Cetera Investment Advisers now owns 59,105 shares of the investment management company’s stock worth $541,000 after acquiring an additional 5,551 shares during the period. Finally, First Trust Advisors LP boosted its position in BlackRock Core Bond Trust by 130.0% during the first 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 period.

BlackRock Core Bond Trust Price Performance

Shares of BHK stock traded up $0.04 on Tuesday, hitting $8.95. 224,910 shares of the company’s stock were exchanged, compared to its average volume of 292,773. The company has a 50 day moving average of $9.00 and a 200 day moving average of $9.23. BlackRock Core Bond Trust has a 12 month low of $8.69 and a 12 month high of $10.12.

BlackRock Core Bond Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be paid a $0.0746 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a c) annualized dividend and a dividend yield of 10.0%.

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.