Short Interest in BlackRock Core Bond Trust (NYSE:BHK) Drops By 87.8%

BlackRock Core Bond Trust (NYSE:BHK) was the recipient of a significant decline in short interest during the month of January. As of January 15th, there was short interest totalling 69,200 shares, a decline of 87.8% from the December 31st total of 567,000 shares. Based on an average daily volume of 147,100 shares, the days-to-cover ratio is presently 0.5 days.

Hedge Funds Weigh In On BlackRock Core Bond Trust

A number of institutional investors and hedge funds have recently made changes to their positions in BHK. Ibex Wealth Advisors purchased a new position in shares of BlackRock Core Bond Trust in the 4th quarter worth approximately $1,110,000. Dynamic Advisor Solutions LLC lifted its position in BlackRock Core Bond Trust by 12.0% in the fourth quarter. Dynamic Advisor Solutions LLC now owns 303,989 shares of the investment management company’s stock worth $3,180,000 after buying an additional 32,538 shares during the last quarter. Morse Asset Management Inc bought a new stake in BlackRock Core Bond Trust in the third quarter worth $161,000. HighTower Advisors LLC purchased a new position in BlackRock Core Bond Trust during the third quarter worth $134,000. Finally, Private Trust Co. NA increased its position in BlackRock Core Bond Trust by 18.3% during the third quarter. Private Trust Co. NA now owns 116,299 shares of the investment management company’s stock valued at $1,400,000 after acquiring an additional 17,992 shares during the last quarter.

BlackRock Core Bond Trust Stock Down 0.4 %

Shares of BHK traded down $0.04 during mid-day trading on Wednesday, hitting $10.43. 90,945 shares of the stock were exchanged, 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 firm has a 50-day moving average of $10.72 and a two-hundred day moving average of $11.22.

BlackRock Core Bond Trust Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be paid a dividend of $0.0746 per share. This represents a $0.90 dividend on an annualized basis and a yield of 8.58%. The ex-dividend date of this dividend is Wednesday, January 15th.

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.