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

BlackRock Core Bond Trust (NYSE:BHK) was the recipient of a large decrease in short interest in the month of September. As of September 30th, there was short interest totaling 455,641 shares, a decrease of 42.6% from the September 15th total of 793,137 shares. Based on an average trading volume of 498,312 shares, the days-to-cover ratio is presently 0.9 days.

Institutional Investors Weigh In On BlackRock Core Bond Trust

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Dynamic Advisor Solutions LLC boosted its stake in shares of BlackRock Core Bond Trust by 10.6% during the second quarter. Dynamic Advisor Solutions LLC now owns 479,508 shares of the investment management company’s stock valued at $4,397,000 after purchasing an additional 45,941 shares in the last quarter. 1607 Capital Partners LLC acquired a new position in shares of BlackRock Core Bond Trust in the fourth quarter valued at approximately $4,355,000. Allspring Global Investments Holdings LLC increased its stake in shares of BlackRock Core Bond Trust by 145.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 349,001 shares of the investment management company’s stock valued at $3,197,000 after buying an additional 206,557 shares during the period. Private Advisor Group LLC increased its stake in shares of BlackRock Core Bond Trust by 1.2% in the first quarter. Private Advisor Group LLC now owns 339,588 shares of the investment management company’s stock valued at $3,111,000 after buying an additional 4,107 shares during the period. Finally, RHS Financial LLC increased its position in BlackRock Core Bond Trust by 8.5% in the 3rd quarter. RHS Financial LLC now owns 293,798 shares of the investment management company’s stock valued at $2,409,000 after acquiring an additional 23,035 shares during the period.

BlackRock Core Bond Trust Trading Up 0.2%

BHK traded up $0.01 on Friday, hitting $8.34. 595,058 shares of the stock were exchanged, compared to its average volume of 313,661. The business has a 50-day moving average of $8.66 and a two-hundred day moving average of $8.92. BlackRock Core Bond Trust has a 12 month low of $8.03 and a 12 month high of $10.00.

BlackRock Core Bond Trust Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, December 22nd. Stockholders of record on Friday, December 11th will be issued a $0.0746 dividend. The ex-dividend date of this dividend is Friday, December 11th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 10.7%.

About BlackRock Core Bond Trust

BlackRock Core Bond Trust (NYSE:BHK) is a closed-end investment company that seeks to provide investors with current income and, as a secondary objective, capital appreciation. The fund invests primarily in a diversified portfolio of fixed-income securities and is managed by BlackRock Advisors, an affiliate of BlackRock, Inc

Its portfolio may include U.S. government and agency securities, mortgage-backed and asset-backed securities, investment-grade and below-investment-grade corporate bonds, and other domestic and international debt instruments.