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

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

BlackRock Core Bond Trust Trading Down 0.3 %

BlackRock Core Bond Trust stock traded down $0.04 during midday trading on Monday, hitting $10.17. 176,624 shares of the company’s stock were exchanged, compared to its average volume of 160,274. BlackRock Core Bond Trust has a 12-month low of $10.09 and a 12-month high of $12.10. The firm’s 50 day simple moving average is $10.95 and its 200 day simple moving average is $11.24.

BlackRock Core Bond Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th will be paid a dividend of $0.0746 per share. This represents a $0.90 annualized dividend and a yield of 8.81%. The ex-dividend date of this dividend is Wednesday, January 15th.

Hedge Funds Weigh In On BlackRock Core Bond Trust

Several institutional investors have recently bought and sold shares of BHK. Brown Brothers Harriman & Co. purchased a new stake in BlackRock Core Bond Trust during the third quarter worth about $32,000. Fairscale Capital LLC purchased a new position in BlackRock Core Bond Trust in the 2nd quarter valued at approximately $35,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in BlackRock Core Bond Trust in the 3rd quarter valued at approximately $48,000. JTC Employer Solutions Trustee Ltd acquired a new position in BlackRock Core Bond Trust during the third quarter worth $87,000. Finally, Gilman Hill Asset Management LLC purchased a new stake in BlackRock Core Bond Trust during the third quarter worth $120,000.

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.