BlackRock Core Bond Trust (NYSE:BHK) Short Interest Up 46.4% in February

BlackRock Core Bond Trust (NYSE:BHK) was the recipient of a significant growth in short interest in February. As of February 15th, there was short interest totalling 59,600 shares, a growth of 46.4% from the January 31st total of 40,700 shares. Based on an average trading volume of 152,200 shares, the days-to-cover ratio is presently 0.4 days.

BlackRock Core Bond Trust Trading Up 1.5 %

Shares of BHK traded up $0.16 during mid-day trading on Monday, reaching $10.87. The company’s stock had a trading volume of 208,903 shares, compared to its average volume of 146,561. BlackRock Core Bond Trust has a 52 week low of $10.09 and a 52 week high of $12.10. The company’s fifty day moving average price is $10.48 and its two-hundred day moving average price is $11.14.

BlackRock Core Bond Trust Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were paid a $0.0746 dividend. This represents a $0.90 annualized dividend and a yield of 8.23%. The ex-dividend date was Friday, February 14th.

Institutional Trading of BlackRock Core Bond Trust

Several institutional investors have recently added to or reduced their stakes in the business. Pinnacle Associates Ltd. increased its holdings in shares of BlackRock Core Bond Trust by 7.6% in the third quarter. Pinnacle Associates Ltd. now owns 14,211 shares of the investment management company’s stock worth $171,000 after buying an additional 1,000 shares during the period. NewEdge Advisors LLC increased its stake in BlackRock Core Bond Trust by 3.3% in the 4th quarter. NewEdge Advisors LLC now owns 46,689 shares of the investment management company’s stock worth $488,000 after purchasing an additional 1,507 shares during the period. Selway Asset Management increased its stake in BlackRock Core Bond Trust by 1.5% in the 4th quarter. Selway Asset Management now owns 105,915 shares of the investment management company’s stock worth $1,108,000 after purchasing an additional 1,600 shares during the period. Private Trust Co. NA lifted its position in BlackRock Core Bond Trust by 1.9% in the fourth quarter. Private Trust Co. NA now owns 118,524 shares of the investment management company’s stock valued at $1,240,000 after purchasing an additional 2,225 shares during the last quarter. Finally, Brown Brothers Harriman & Co. purchased a new stake in shares of BlackRock Core Bond Trust during the third quarter valued at approximately $32,000.

BlackRock Core Bond Trust Company Profile

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.