BlackRock Core Bond Trust (NYSE:BHK) Short Interest Update

BlackRock Core Bond Trust (NYSE:BHK) was the target of a significant decline in short interest in the month of September. As of September 30th, there was short interest totalling 710,100 shares, a decline of 8.0% from the September 15th total of 771,900 shares. Based on an average trading volume of 157,600 shares, the days-to-cover ratio is presently 4.5 days.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. B. Riley Wealth Advisors Inc. raised its stake in BlackRock Core Bond Trust by 77.8% in the first quarter. B. Riley Wealth Advisors Inc. now owns 136,470 shares of the investment management company’s stock valued at $1,357,000 after purchasing an additional 59,706 shares in the last quarter. Quadrature Capital Ltd bought a new position in shares of BlackRock Core Bond Trust in the 4th quarter worth about $404,000. Patten Group Inc. lifted its stake in BlackRock Core Bond Trust by 71.7% in the third quarter. Patten Group Inc. now owns 56,959 shares of the investment management company’s stock valued at $686,000 after buying an additional 23,789 shares during the period. Accel Wealth Management boosted its stake in BlackRock Core Bond Trust by 17.0% during the first quarter. Accel Wealth Management now owns 99,208 shares of the investment management company’s stock worth $1,071,000 after acquiring an additional 14,394 shares in the last quarter. Finally, Sanders Morris Harris LLC bought a new stake in BlackRock Core Bond Trust in the 1st quarter valued at about $151,000.

BlackRock Core Bond Trust Stock Performance

BHK stock traded up $0.05 during trading hours on Wednesday, hitting $11.79. The company’s stock had a trading volume of 95,613 shares, compared to its average volume of 157,796. BlackRock Core Bond Trust has a 12 month low of $9.02 and a 12 month high of $12.10. The stock has a 50 day moving average price of $11.69 and a two-hundred day moving average price of $11.02.

BlackRock Core Bond Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Tuesday, October 15th will be issued a dividend of $0.0746 per share. This represents a $0.90 dividend on an annualized basis and a yield of 7.59%. The ex-dividend date of this dividend is Tuesday, October 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.