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

BlackRock Core Bond Trust (NYSE:BHK) saw a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 342,912 shares, a growth of 208.7% from the June 30th total of 111,078 shares. Based on an average daily trading volume, of 305,883 shares, the days-to-cover ratio is presently 1.1 days.

Institutional Trading of BlackRock Core Bond Trust

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Royal Bank of Canada boosted its position in shares of BlackRock Core Bond Trust by 1.2% during the first quarter. Royal Bank of Canada now owns 94,643 shares of the investment management company’s stock valued at $1,027,000 after buying an additional 1,101 shares during the period. NewEdge Advisors LLC raised its holdings in shares of BlackRock Core Bond Trust by 9.1% in the first quarter. NewEdge Advisors LLC now owns 50,918 shares of the investment management company’s stock worth $552,000 after buying an additional 4,229 shares during the period. Envestnet Asset Management Inc. purchased a new stake in shares of BlackRock Core Bond Trust in the second quarter worth approximately $188,000. Invesco Ltd. boosted its holdings in BlackRock Core Bond Trust by 22.9% during the 2nd quarter. Invesco Ltd. now owns 472,638 shares of the investment management company’s stock valued at $4,594,000 after acquiring an additional 88,116 shares during the period. Finally, Cary Street Partners Financial LLC purchased a new position in BlackRock Core Bond Trust during the 2nd quarter valued at $184,000.

BlackRock Core Bond Trust Trading Up 0.1%

BHK stock opened at $8.89 on Monday. BlackRock Core Bond Trust has a twelve month low of $8.69 and a twelve month high of $10.12. The firm’s fifty day simple moving average is $8.99 and its two-hundred day simple moving average is $9.24.

BlackRock Core Bond Trust Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be issued a dividend of $0.0746 per share. This represents a c) annualized dividend and a yield of 10.1%. The ex-dividend date is Tuesday, September 15th.

About BlackRock Core Bond Trust

BlackRock Core Bond Trust (NYSE: BHK) is a closed-end management investment company that seeks to provide shareholders with a high level of current income, consistent with the preservation of capital. The trust primarily invests in a diversified portfolio of investment-grade fixed-income securities, including U.S. government and agency obligations, corporate bonds, mortgage- and asset-backed securities, and other debt instruments. The fund may employ leverage to enhance its income-generating potential.

Since its inception in 2008, BHK has been managed by a dedicated team of fixed-income professionals at BlackRock Advisors, drawing on the firm’s global research capabilities and risk-management platform.