BlackRock Core Bond Trust (NYSE:BHK) Short Interest Up 53.2% in March

BlackRock Core Bond Trust (NYSE:BHK) saw a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 115,800 shares, a growth of 53.2% from the February 28th total of 75,600 shares. Based on an average daily volume of 148,400 shares, the days-to-cover ratio is presently 0.8 days.

BlackRock Core Bond Trust Stock Performance

BHK stock traded up $0.02 during mid-day trading on Tuesday, reaching $10.87. 46,634 shares of the company’s stock were exchanged, compared to its average volume of 140,946. BlackRock Core Bond Trust has a 12-month low of $10.09 and a 12-month high of $12.10. The stock’s 50 day moving average is $10.61 and its 200 day moving average is $11.00.

BlackRock Core Bond Trust Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were paid a dividend of $0.0746 per share. This represents a $0.90 annualized dividend and a dividend yield of 8.24%. The ex-dividend date was Friday, March 14th.

Institutional Investors Weigh In On BlackRock Core Bond Trust

A number of institutional investors have recently added to or reduced their stakes in the stock. HighTower Advisors LLC purchased a new position in BlackRock Core Bond Trust during the third quarter valued at $134,000. Morse Asset Management Inc acquired a new position in shares of BlackRock Core Bond Trust during the 3rd quarter worth about $161,000. Dynamic Advisor Solutions LLC lifted its stake in BlackRock Core Bond Trust by 12.0% in the 4th quarter. Dynamic Advisor Solutions LLC now owns 303,989 shares of the investment management company’s stock valued at $3,180,000 after buying an additional 32,538 shares in the last quarter. Ibex Wealth Advisors purchased a new position in BlackRock Core Bond Trust in the 4th quarter valued at about $1,110,000. Finally, Private Advisor Group LLC boosted its holdings in BlackRock Core Bond Trust by 5.6% in the 4th quarter. Private Advisor Group LLC now owns 250,649 shares of the investment management company’s stock worth $2,622,000 after buying an additional 13,279 shares during the last quarter.

About BlackRock Core Bond Trust

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.