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

BlackRock Core Bond Trust (NYSE:BHK) was the recipient of a significant growth in short interest in July. As of July 15th, there was short interest totaling 342,912 shares, a growth of 208.7% from the June 30th total of 111,078 shares. Based on an average daily volume of 305,883 shares, the days-to-cover ratio is presently 1.1 days.

BlackRock Core Bond Trust Stock Up 0.4%

Shares of BHK stock opened at $8.95 on Wednesday. BlackRock Core Bond Trust has a fifty-two week low of $8.69 and a fifty-two week high of $10.12. The stock’s 50-day moving average is $9.00 and its two-hundred day moving average is $9.23.

BlackRock Core Bond Trust Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be paid a $0.0746 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a c) annualized dividend and a dividend yield of 10.0%.

Hedge Funds Weigh In On BlackRock Core Bond Trust

Hedge funds have recently added to or reduced their stakes in the company. Royal Bank of Canada increased its position in BlackRock Core Bond Trust by 1.2% during the first quarter. Royal Bank of Canada now owns 94,643 shares of the investment management company’s stock worth $1,027,000 after acquiring an additional 1,101 shares during the period. Equitable Holdings Inc. boosted its holdings in BlackRock Core Bond Trust by 14.9% in the 4th quarter. Equitable Holdings Inc. now owns 14,092 shares of the investment management company’s stock valued at $135,000 after purchasing an additional 1,827 shares during the period. Comerica Bank boosted its holdings in BlackRock Core Bond Trust by 2.2% in the 3rd quarter. Comerica Bank now owns 84,816 shares of the investment management company’s stock valued at $843,000 after purchasing an additional 1,847 shares during the period. Marex Group plc boosted its holdings in BlackRock Core Bond Trust by 10.7% in the 4th quarter. Marex Group plc now owns 22,901 shares of the investment management company’s stock valued at $220,000 after purchasing an additional 2,209 shares during the period. Finally, Uncommon Cents Investing LLC grew its position in BlackRock Core Bond Trust by 17.5% in the 4th quarter. Uncommon Cents Investing LLC now owns 15,606 shares of the investment management company’s stock worth $150,000 after purchasing an additional 2,325 shares during the last quarter.

BlackRock Core Bond Trust Company Profile

BlackRock Core Bond Trust (NYSE: BHK) is a closed-end management investment company that seeks to provide shareholders with a high level of current income, consistent with the preservation of capital. The trust primarily invests in a diversified portfolio of investment-grade fixed-income securities, including U.S. government and agency obligations, corporate bonds, mortgage- and asset-backed securities, and other debt instruments. The fund may employ leverage to enhance its income-generating potential.

Since its inception in 2008, BHK has been managed by a dedicated team of fixed-income professionals at BlackRock Advisors, drawing on the firm’s global research capabilities and risk-management platform.