BlackRock Core Bond Trust (NYSE:BHK) Short Interest Up 10.0% in September

BlackRock Core Bond Trust (NYSE:BHK) was the target of a significant growth in short interest during the month of September. As of September 15th, there was short interest totalling 771,900 shares, a growth of 10.0% from the August 31st total of 701,800 shares. Based on an average trading volume of 158,500 shares, the days-to-cover ratio is presently 4.9 days.

Hedge Funds Weigh In On BlackRock Core Bond Trust

Institutional investors and hedge funds have recently made changes to their positions in the stock. Clean Yield Group bought a new position in shares of BlackRock Core Bond Trust during the 1st quarter worth about $27,000. Fairscale Capital LLC bought a new position in shares of BlackRock Core Bond Trust during the 2nd quarter worth about $35,000. Mesirow Financial Investment Management Inc. bought a new position in shares of BlackRock Core Bond Trust during the 1st quarter worth about $132,000. Sanders Morris Harris LLC bought a new position in shares of BlackRock Core Bond Trust during the 1st quarter worth about $151,000. Finally, CreativeOne Wealth LLC boosted its position in shares of BlackRock Core Bond Trust by 6.2% during the 1st quarter. CreativeOne Wealth LLC now owns 17,324 shares of the investment management company’s stock worth $187,000 after purchasing an additional 1,015 shares in the last quarter.

BlackRock Core Bond Trust Stock Performance

BHK traded up $0.02 during trading on Tuesday, reaching $12.06. 127,984 shares of the stock traded hands, compared to its average volume of 160,566. The stock’s 50-day moving average is $11.51 and its 200 day moving average is $10.93. BlackRock Core Bond Trust has a 12 month low of $9.02 and a 12 month high of $12.10.

BlackRock Core Bond Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Tuesday, October 15th will be given a dividend of $0.0746 per share. The ex-dividend date of this dividend is Tuesday, October 15th. This represents a $0.90 dividend on an annualized basis and a yield of 7.43%.

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.