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

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

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Royal Bank of Canada raised its position in BlackRock Core Bond Trust by 1.2% during the 1st quarter. Royal Bank of Canada now owns 94,643 shares of the investment management company’s stock valued at $1,027,000 after purchasing an additional 1,101 shares in the last quarter. NewEdge Advisors LLC lifted its holdings in shares of BlackRock Core Bond Trust by 9.1% in the 1st 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 2nd quarter worth $188,000. Invesco Ltd. grew its position in shares of 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 worth $4,594,000 after buying an additional 88,116 shares in the last quarter. Finally, Cary Street Partners Financial LLC bought a new position in shares of BlackRock Core Bond Trust during the 2nd quarter worth $184,000.

BlackRock Core Bond Trust Stock Up 0.1%

Shares of NYSE:BHK opened at $8.89 on Monday. The firm’s 50 day simple moving average is $8.99 and its 200-day simple moving average is $9.24. BlackRock Core Bond Trust has a one year low of $8.69 and a one year high of $10.12.

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 $0.0746 dividend. The ex-dividend date is Tuesday, September 15th. This represents a c) dividend on an annualized basis and a dividend yield of 10.1%.

BlackRock Core Bond Trust Company Profile

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.