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

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

Hedge Funds Weigh In On BlackRock Core Bond Trust

Several large investors have recently modified their holdings of BHK. Dynamic Advisor Solutions LLC boosted its holdings in shares of BlackRock Core Bond Trust by 12.0% in 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 buying an additional 32,538 shares during the period. Private Advisor Group LLC boosted its stake in BlackRock Core Bond Trust by 23.0% in the third quarter. Private Advisor Group LLC now owns 237,370 shares of the investment management company’s stock valued at $2,858,000 after acquiring an additional 44,366 shares during the period. International Assets Investment Management LLC boosted its stake in BlackRock Core Bond Trust by 1,104.0% in the third quarter. International Assets Investment Management LLC now owns 231,024 shares of the investment management company’s stock valued at $27,820,000 after acquiring an additional 211,836 shares during the period. Fiera Capital Corp grew its holdings in shares of BlackRock Core Bond Trust by 5.7% during the third quarter. Fiera Capital Corp now owns 225,190 shares of the investment management company’s stock valued at $2,711,000 after purchasing an additional 12,110 shares during the last quarter. Finally, Private Trust Co. NA raised its position in shares of 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 period.

BlackRock Core Bond Trust Trading Down 0.1 %

Shares of NYSE:BHK traded down $0.01 during trading on Tuesday, hitting $10.47. The company’s stock had a trading volume of 109,088 shares, compared to its average volume of 138,317. The stock’s 50-day moving average price is $10.72 and its two-hundred day moving average price is $11.22. BlackRock Core Bond Trust has a fifty-two week low of $10.09 and a fifty-two week high of $12.10.

BlackRock Core Bond Trust Dividend Announcement

The business also recently announced 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. This represents a $0.90 annualized dividend and a dividend yield of 8.55%. The ex-dividend date of this dividend is Wednesday, January 15th.

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.