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

BlackRock Core Bond Trust (NYSE:BHK) was the recipient of a large growth in short interest in the month of February. As of February 28th, there was short interest totalling 75,600 shares, a growth of 26.8% from the February 13th total of 59,600 shares. Based on an average trading volume of 154,100 shares, the short-interest ratio is currently 0.5 days.

BlackRock Core Bond Trust Trading Up 0.5 %

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

BlackRock Core Bond Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a dividend of $0.0746 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 8.38%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in BHK. Brown Brothers Harriman & Co. bought a new stake in shares of BlackRock Core Bond Trust in the 3rd quarter worth approximately $32,000. Huntington National Bank bought a new stake in shares of BlackRock Core Bond Trust in the 4th quarter worth approximately $63,000. Corient Private Wealth LLC bought a new stake in shares of BlackRock Core Bond Trust in the 4th quarter worth approximately $108,000. Steward Partners Investment Advisory LLC boosted its position in shares of BlackRock Core Bond Trust by 34.8% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 10,611 shares of the investment management company’s stock worth $111,000 after purchasing an additional 2,739 shares in the last quarter. Finally, Citadel Advisors LLC bought a new stake in shares of BlackRock Core Bond Trust in the 4th quarter worth approximately $128,000.

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.