BlackRock Core Bond Trust (NYSE:BHK) Sees Large Growth in Short Interest

BlackRock Core Bond Trust (NYSE:BHK) was the recipient of a significant increase in short interest in 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 short-interest ratio is currently 0.5 days.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of BHK. Elequin Capital LP purchased a new position in BlackRock Core Bond Trust during the 4th quarter valued at about $129,000. Waverly Advisors LLC purchased a new position in BlackRock Core Bond Trust during the 4th quarter valued at about $271,000. Citadel Advisors LLC purchased a new position in BlackRock Core Bond Trust during the 4th quarter valued at about $128,000. Bank of America Corp DE increased its holdings in BlackRock Core Bond Trust by 13.5% during the 4th quarter. Bank of America Corp DE now owns 381,791 shares of the investment management company’s stock valued at $3,994,000 after purchasing an additional 45,427 shares during the period. Finally, Comerica Bank increased its holdings in BlackRock Core Bond Trust by 8.1% during the 4th quarter. Comerica Bank now owns 79,611 shares of the investment management company’s stock valued at $833,000 after purchasing an additional 5,964 shares during the period.

BlackRock Core Bond Trust Trading Up 0.5 %

BHK opened at $10.69 on Wednesday. The business’s 50-day moving average price is $10.53 and its 200-day moving average price is $11.07. BlackRock Core Bond Trust has a 12 month low of $10.09 and a 12 month high of $12.10.

BlackRock Core Bond Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a $0.0746 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.90 annualized dividend and a dividend yield of 8.38%.

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.