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

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

BlackRock Core Bond Trust Stock Down 0.3 %

Shares of BHK stock traded down $0.04 on Monday, reaching $10.17. 176,624 shares of the company were exchanged, compared to its average volume of 160,274. BlackRock Core Bond Trust has a 1 year low of $10.09 and a 1 year high of $12.10. The business has a 50-day moving average price of $10.95 and a 200 day moving average price of $11.24.

BlackRock Core Bond Trust Dividend Announcement

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. HighTower Advisors LLC acquired a new position in BlackRock Core Bond Trust in the third quarter valued at about $134,000. International Assets Investment Management LLC increased its position in shares of BlackRock Core Bond Trust by 1,104.0% during the third quarter. International Assets Investment Management LLC now owns 231,024 shares of the investment management company’s stock worth $27,820,000 after acquiring an additional 211,836 shares during the period. Private Trust Co. NA raised its stake in shares of BlackRock Core Bond Trust by 18.3% in the third quarter. Private Trust Co. NA now owns 116,299 shares of the investment management company’s stock valued at $1,400,000 after acquiring an additional 17,992 shares in the last quarter. Commonwealth Equity Services LLC boosted its holdings in BlackRock Core Bond Trust by 6.7% in the second quarter. Commonwealth Equity Services LLC now owns 123,571 shares of the investment management company’s stock valued at $1,316,000 after purchasing an additional 7,736 shares during the period. Finally, Fairscale Capital LLC acquired a new position in BlackRock Core Bond Trust during the 2nd quarter worth $35,000.

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.