BlackRock Core Bond Trust (NYSE:BHK) Stock Short Interest Drops 42.6%

BlackRock Core Bond Trust (NYSE:BHK) was the target of a large decline in short interest in September. As of September 30th, there was short interest totaling 455,641 shares, a decline of 42.6% from the September 15th total of 793,137 shares. Based on an average trading volume of 498,312 shares, the days-to-cover ratio is presently 0.9 days.

Hedge Funds Weigh In On BlackRock Core Bond Trust

A number of institutional investors and hedge funds have recently bought and sold shares of BHK. First Trust Advisors LP increased its stake in shares of BlackRock Core Bond Trust by 130.0% in the first quarter. First Trust Advisors LP now owns 234,502 shares of the investment management company’s stock valued at $2,148,000 after buying an additional 132,527 shares in the last quarter. RHS Financial LLC raised its holdings in shares of BlackRock Core Bond Trust by 336.2% in the second quarter. RHS Financial LLC now owns 270,763 shares of the investment management company’s stock valued at $2,483,000 after buying an additional 208,690 shares during the last quarter. Rivernorth Capital Management LLC acquired a new position in BlackRock Core Bond Trust during the 2nd quarter worth about $1,329,000. Allspring Global Investments Holdings LLC lifted its position in BlackRock Core Bond Trust by 145.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 349,001 shares of the investment management company’s stock worth $3,197,000 after buying an additional 206,557 shares in the last quarter. Finally, 1607 Capital Partners LLC acquired a new position in BlackRock Core Bond Trust during the 4th quarter worth about $4,355,000.

BlackRock Core Bond Trust Stock Up 0.2%

NYSE BHK traded up $0.01 during trading hours on Friday, reaching $8.34. 595,058 shares of the company’s stock were exchanged, compared to its average volume of 313,661. BlackRock Core Bond Trust has a one year low of $8.03 and a one year high of $10.00. The firm has a fifty day moving average of $8.66 and a 200-day moving average of $8.92.

BlackRock Core Bond Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, December 22nd. Shareholders of record on Friday, December 11th will be given a $0.0746 dividend. The ex-dividend date is Friday, December 11th. This represents a $0.90 annualized dividend and a yield of 10.7%.

BlackRock Core Bond Trust Company Profile

BlackRock Core Bond Trust (NYSE:BHK) is a closed-end investment company that seeks to provide investors with current income and, as a secondary objective, capital appreciation. The fund invests primarily in a diversified portfolio of fixed-income securities and is managed by BlackRock Advisors, an affiliate of BlackRock, Inc

Its portfolio may include U.S. government and agency securities, mortgage-backed and asset-backed securities, investment-grade and below-investment-grade corporate bonds, and other domestic and international debt instruments.