BlackRock Core Bond Trust (NYSE:BHK) Short Interest Update

BlackRock Core Bond Trust (NYSE:BHKGet Rating) was the target of a significant increase in short interest in April. As of April 15th, there was short interest totalling 56,200 shares, an increase of 137.1% from the March 31st total of 23,700 shares. Based on an average daily trading volume, of 227,700 shares, the days-to-cover ratio is currently 0.2 days.

Large investors have recently added to or reduced their stakes in the stock. National Asset Management Inc. grew its position in shares of BlackRock Core Bond Trust by 15.0% during the fourth quarter. National Asset Management Inc. now owns 117,427 shares of the investment management company’s stock worth $1,939,000 after purchasing an additional 15,310 shares in the last quarter. CX Institutional purchased a new position in BlackRock Core Bond Trust during the 3rd quarter valued at approximately $38,000. Mercer Global Advisors Inc. ADV purchased a new position in BlackRock Core Bond Trust during the 3rd quarter valued at approximately $213,000. Advisory Services Network LLC grew its holdings in BlackRock Core Bond Trust by 15.7% during the 3rd quarter. Advisory Services Network LLC now owns 14,750 shares of the investment management company’s stock valued at $244,000 after buying an additional 2,000 shares in the last quarter. Finally, Morgan Stanley grew its holdings in BlackRock Core Bond Trust by 2.4% during the 3rd quarter. Morgan Stanley now owns 1,150,102 shares of the investment management company’s stock valued at $19,046,000 after buying an additional 27,287 shares in the last quarter.

NYSE:BHK opened at $12.43 on Friday. BlackRock Core Bond Trust has a 12-month low of $12.27 and a 12-month high of $17.36. The stock has a 50-day moving average price of $12.87 and a 200 day moving average price of $14.69.

The firm also recently announced a monthly dividend, which will be paid on Friday, April 29th. Investors of record on Thursday, April 14th will be given a dividend of $0.0746 per share. This represents a $0.90 annualized dividend and a dividend yield of 7.20%. The ex-dividend date is Wednesday, April 13th.

About BlackRock Core Bond Trust (Get Rating)

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.

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