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

BlackRock Core Bond Trust (NYSE:BHK) saw 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 trading volume, of 147,100 shares, the days-to-cover ratio is currently 0.5 days.

Hedge Funds Weigh In On BlackRock Core Bond Trust

A number of hedge funds and other institutional investors have recently made changes to their positions in BHK. Patten Group Inc. lifted its position in shares of BlackRock Core Bond Trust by 71.7% in the 3rd quarter. Patten Group Inc. now owns 56,959 shares of the investment management company’s stock worth $686,000 after purchasing an additional 23,789 shares during the period. Gilman Hill Asset Management LLC purchased a new stake in BlackRock Core Bond Trust during the third quarter worth $120,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in BlackRock Core Bond Trust during the 3rd quarter valued at $48,000. JTC Employer Solutions Trustee Ltd bought a new stake in BlackRock Core Bond Trust during the 3rd quarter valued at $87,000. Finally, Private Advisor Group LLC increased its holdings in shares of BlackRock Core Bond Trust by 23.0% in the 3rd 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.

BlackRock Core Bond Trust Stock Performance

Shares of BlackRock Core Bond Trust stock traded down $0.04 on Wednesday, hitting $10.43. 90,945 shares of the company traded hands, compared to its average volume of 135,680. BlackRock Core Bond Trust has a 52 week low of $10.09 and a 52 week high of $12.10. The stock’s 50 day moving average price is $10.72 and its 200-day moving average price is $11.22.

BlackRock Core Bond Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th will be issued a $0.0746 dividend. This represents a $0.90 annualized dividend and a dividend yield of 8.58%. The ex-dividend date of this dividend is Wednesday, January 15th.

BlackRock Core Bond Trust Company Profile

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.