Short Interest in BlackRock Core Bond Trust (NYSE:BHK) Increases By 108.4%

BlackRock Core Bond Trust (NYSE:BHK) was the recipient of a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 714,490 shares, a growth of 108.4% from the July 15th total of 342,912 shares. Based on an average daily volume of 340,588 shares, the short-interest ratio is currently 2.1 days.

BlackRock Core Bond Trust Stock Performance

BHK stock traded down $0.10 during midday trading on Friday, hitting $9.05. The company’s stock had a trading volume of 75,564 shares, compared to its average volume of 294,799. BlackRock Core Bond Trust has a 12 month low of $8.69 and a 12 month high of $10.12. The firm’s 50-day moving average is $9.03 and its 200-day moving average is $9.18.

BlackRock Core Bond Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be issued a dividend of $0.0746 per share. This represents a c) annualized dividend and a dividend yield of 9.9%. The ex-dividend date of this dividend is Tuesday, September 15th.

Institutional Investors Weigh In On BlackRock Core Bond Trust

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Turim 21 Investimentos Ltda. purchased a new stake in BlackRock Core Bond Trust during the 3rd quarter valued at $31,000. Kestra Advisory Services LLC bought a new stake in shares of BlackRock Core Bond Trust in the fourth quarter worth $34,000. Axiom Investment Management LLC bought a new stake in shares of BlackRock Core Bond Trust in the first quarter worth $35,000. CIBC Private Wealth Group LLC purchased a new stake in BlackRock Core Bond Trust during the fourth quarter valued at $37,000. Finally, PNC Financial Services Group Inc. lifted its holdings in BlackRock Core Bond Trust by 120.6% in the first quarter. PNC Financial Services Group Inc. now owns 5,488 shares of the investment management company’s stock valued at $50,000 after acquiring an additional 3,000 shares during the period.

About BlackRock Core Bond Trust

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.