BlackRock Core Bond Trust (NYSE:BHK) Sees Significant Decrease in Short Interest

BlackRock Core Bond Trust (NYSE:BHK) saw a large drop in short interest in the month of January. As of January 31st, there was short interest totalling 40,700 shares, a drop of 7.3% from the January 15th total of 43,900 shares. Based on an average trading volume of 149,700 shares, the days-to-cover ratio is currently 0.3 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 the business. LPL Financial LLC raised its position in BlackRock Core Bond Trust by 0.3% in the fourth quarter. LPL Financial LLC now owns 1,222,614 shares of the investment management company’s stock worth $12,789,000 after purchasing an additional 3,097 shares in the last quarter. Guggenheim Capital LLC grew its stake in shares of BlackRock Core Bond Trust by 32.4% in the 4th quarter. Guggenheim Capital LLC now owns 725,325 shares of the investment management company’s stock valued at $7,587,000 after purchasing an additional 177,672 shares during the period. Raymond James Financial Inc. acquired a new position in shares of BlackRock Core Bond Trust in the 4th quarter worth approximately $6,402,000. Wells Fargo & Company MN lifted its position in shares of BlackRock Core Bond Trust by 2.2% during the 4th quarter. Wells Fargo & Company MN now owns 395,814 shares of the investment management company’s stock worth $4,140,000 after buying an additional 8,437 shares during the period. Finally, Invesco Ltd. boosted its stake in BlackRock Core Bond Trust by 5.6% in the 4th quarter. Invesco Ltd. now owns 384,369 shares of the investment management company’s stock valued at $4,020,000 after buying an additional 20,525 shares in the last quarter.

BlackRock Core Bond Trust Stock Performance

BHK opened at $10.50 on Wednesday. The stock’s 50 day simple moving average is $10.52 and its 200-day simple moving average is $11.17. BlackRock Core Bond Trust has a 1 year low of $10.09 and a 1 year high of $12.10.

BlackRock Core Bond Trust Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be issued a $0.0746 dividend. This represents a $0.90 annualized dividend and a yield of 8.53%. The ex-dividend date is Friday, February 14th.

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.