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

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 totaling 455,641 shares, a decline of 42.6% from the September 15th total of 793,137 shares. Based on an average daily volume of 498,312 shares, the short-interest ratio is currently 0.9 days.

Hedge Funds Weigh In On BlackRock Core Bond Trust

Hedge funds have recently modified their holdings of the stock. RHS Financial LLC boosted its stake 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 buying an additional 23,035 shares in the last quarter. Breakwater Capital Group acquired a new stake in shares of BlackRock Core Bond Trust in the 3rd quarter valued at $121,000. Envestnet Asset Management Inc. lifted its holdings in BlackRock Core Bond Trust by 58.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 91,809 shares of the investment management company’s stock valued at $842,000 after purchasing an additional 33,715 shares during the last quarter. Integrated Wealth Concepts LLC bought a new stake in BlackRock Core Bond Trust during the second quarter worth about $46,000. Finally, Citadel Advisors LLC bought a new position in shares of BlackRock Core Bond Trust in the second quarter valued at approximately $256,000.

BlackRock Core Bond Trust Trading Up 1.6%

BlackRock Core Bond Trust stock traded up $0.13 on Thursday, hitting $8.30. The company’s stock had a trading volume of 501,208 shares, compared to its average volume of 311,542. The company has a fifty day moving average price of $8.69 and a 200-day moving average price of $8.93. BlackRock Core Bond Trust has a one year low of $8.03 and a one year high of $10.00.

BlackRock Core Bond Trust Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, December 22nd. Investors of record on Friday, December 11th will be given a $0.0746 dividend. This represents a $0.90 annualized dividend and a yield of 10.8%. The ex-dividend date of this dividend is Friday, December 11th.

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.