BlackRock Core Bond Trust (NYSE:BHK) Short Interest Down 87.8% in January

BlackRock Core Bond Trust (NYSE:BHK) was the target of a significant decline in short interest in the month of January. As of January 15th, there was short interest totalling 69,200 shares, a decline of 87.8% from the December 31st total of 567,000 shares. Based on an average daily trading volume, of 147,100 shares, the short-interest ratio is presently 0.5 days.

BlackRock Core Bond Trust Stock Down 0.1 %

NYSE:BHK traded down $0.01 during midday trading on Tuesday, hitting $10.47. The stock had a trading volume of 109,088 shares, compared to its average volume of 138,317. The stock has a 50-day moving average of $10.72 and a 200 day moving average of $11.22. BlackRock Core Bond Trust has a one year low of $10.09 and a one year high of $12.10.

BlackRock Core Bond Trust Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th will be given a $0.0746 dividend. The ex-dividend date is Wednesday, January 15th. This represents a $0.90 annualized dividend and a dividend yield of 8.55%.

Hedge Funds Weigh In On BlackRock Core Bond Trust

A number of large investors have recently bought and sold shares of the business. Ibex Wealth Advisors purchased a new stake in BlackRock Core Bond Trust during the fourth quarter valued at approximately $1,110,000. Dynamic Advisor Solutions LLC lifted its holdings in shares of 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 purchasing an additional 32,538 shares during the last quarter. Morse Asset Management Inc acquired a new stake in shares of BlackRock Core Bond Trust in the 3rd quarter worth $161,000. HighTower Advisors LLC purchased a new stake in shares of BlackRock Core Bond Trust during the third quarter worth about $134,000. Finally, Private Trust Co. NA grew its position in BlackRock Core Bond Trust by 18.3% during the 3rd quarter. Private Trust Co. NA now owns 116,299 shares of the investment management company’s stock worth $1,400,000 after purchasing an additional 17,992 shares during the last quarter.

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.