Short Interest in BlackRock Core Bond Trust (NYSE:BHK) Rises By 26.8%

BlackRock Core Bond Trust (NYSE:BHK) saw a significant increase in short interest during the month of February. As of February 28th, there was short interest totalling 75,600 shares, an increase of 26.8% from the February 13th total of 59,600 shares. Based on an average daily trading volume, of 154,100 shares, the days-to-cover ratio is presently 0.5 days.

BlackRock Core Bond Trust Stock Performance

NYSE BHK traded down $0.07 during trading hours on Monday, hitting $10.62. 123,957 shares of the company’s stock traded hands, compared to its average volume of 145,273. BlackRock Core Bond Trust has a 52 week low of $10.09 and a 52 week high of $12.10. The business’s fifty day moving average price is $10.52 and its two-hundred day moving average price is $11.08.

BlackRock Core Bond Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a dividend of $0.0746 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 8.43%. The ex-dividend date is Friday, March 14th.

Institutional Investors Weigh In On BlackRock Core Bond Trust

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Brown Brothers Harriman & Co. bought a new position in shares of BlackRock Core Bond Trust during the 3rd quarter valued at approximately $32,000. Huntington National Bank bought a new position in shares of BlackRock Core Bond Trust in the fourth quarter worth approximately $63,000. Corient Private Wealth LLC purchased a new stake in shares of BlackRock Core Bond Trust in the fourth quarter worth $108,000. Steward Partners Investment Advisory LLC increased its stake in shares of 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 stake in shares of BlackRock Core Bond Trust during the 3rd quarter valued at $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.