BlackRock Core Bond Trust (NYSE:BHK) Short Interest Up 53.2% in March

BlackRock Core Bond Trust (NYSE:BHK) saw a large 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 trading volume of 148,400 shares, the days-to-cover ratio is currently 0.8 days.

Institutional Investors Weigh In On BlackRock Core Bond Trust

A number of hedge funds have recently added to or reduced their stakes in BHK. LPL Financial LLC increased its position in shares of BlackRock Core Bond Trust by 0.3% during the fourth quarter. LPL Financial LLC now owns 1,222,614 shares of the investment management company’s stock worth $12,789,000 after acquiring an additional 3,097 shares during the period. Guggenheim Capital LLC increased its holdings in BlackRock Core Bond Trust by 32.4% during the 4th quarter. Guggenheim Capital LLC now owns 725,325 shares of the investment management company’s stock worth $7,587,000 after purchasing an additional 177,672 shares during the period. Raymond James Financial Inc. purchased a new stake in BlackRock Core Bond Trust during the 4th quarter worth about $6,402,000. Wells Fargo & Company MN raised its position in BlackRock Core Bond Trust by 2.2% in the 4th quarter. Wells Fargo & Company MN now owns 395,814 shares of the investment management company’s stock valued at $4,140,000 after purchasing an additional 8,437 shares in the last quarter. Finally, Invesco Ltd. boosted its stake in shares of BlackRock Core Bond Trust by 5.6% in the 4th quarter. Invesco Ltd. now owns 384,369 shares of the investment management company’s stock valued at $4,020,000 after buying an additional 20,525 shares during the period.

BlackRock Core Bond Trust Stock Up 1.0 %

NYSE:BHK traded up $0.11 on Friday, reaching $10.77. 98,975 shares of the company’s stock were exchanged, compared to its average volume of 141,317. BlackRock Core Bond Trust has a 52-week low of $10.09 and a 52-week high of $12.10. The business has a fifty day moving average of $10.60 and a 200-day moving average of $11.02.

BlackRock Core Bond Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a dividend of $0.0746 per share. This represents a $0.90 annualized dividend and a yield of 8.31%. The ex-dividend date is Friday, March 14th.

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.