BlackRock Core Bond Trust (NYSE:BHK) Short Interest Update

BlackRock Core Bond Trust (NYSE:BHK) saw a large 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 trading volume of 154,100 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Trading of BlackRock Core Bond Trust

A number of large investors have recently bought and sold shares of the business. Elequin Capital LP bought a new stake in BlackRock Core Bond Trust during the 4th quarter worth approximately $129,000. Waverly Advisors LLC bought a new stake in BlackRock Core Bond Trust during the 4th quarter worth approximately $271,000. Citadel Advisors LLC bought a new stake in BlackRock Core Bond Trust during the 4th quarter worth approximately $128,000. Bank of America Corp DE grew its stake in shares of 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 worth $3,994,000 after acquiring an additional 45,427 shares in the last quarter. Finally, Comerica Bank grew its stake in shares of 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 worth $833,000 after acquiring an additional 5,964 shares in the last quarter.

BlackRock Core Bond Trust Stock Performance

Shares of BHK stock traded up $0.06 on Tuesday, reaching $10.69. The company had a trading volume of 72,593 shares, compared to its average volume of 144,985. The company has a 50-day moving average of $10.52 and a 200-day moving average of $11.08. BlackRock Core Bond Trust has a 12 month low of $10.09 and a 12 month high of $12.10.

BlackRock Core Bond Trust Dividend Announcement

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. The ex-dividend date is Friday, March 14th. This represents a $0.90 dividend on an annualized basis and a 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.