BlackRock Core Bond Trust (NYSE:BHK – Get Free Report) saw a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 714,490 shares, a growth of 108.4% from the July 15th total of 342,912 shares. Based on an average daily trading volume, of 340,588 shares, the short-interest ratio is presently 2.1 days.
Hedge Funds Weigh In On BlackRock Core Bond Trust
Several hedge funds and other institutional investors have recently added to or reduced their stakes in BHK. First Trust Advisors LP raised its holdings in BlackRock Core Bond Trust by 130.0% in the 1st quarter. First Trust Advisors LP now owns 234,502 shares of the investment management company’s stock worth $2,148,000 after acquiring an additional 132,527 shares during the period. Allspring Global Investments Holdings LLC lifted its position in BlackRock Core Bond Trust by 145.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 349,001 shares of the investment management company’s stock worth $3,197,000 after acquiring an additional 206,557 shares during the last quarter. 1607 Capital Partners LLC bought a new stake in BlackRock Core Bond Trust during the fourth quarter valued at about $4,355,000. Wolverine Asset Management LLC bought a new stake in BlackRock Core Bond Trust during the fourth quarter valued at about $1,032,000. Finally, Morse Asset Management Inc boosted its holdings in BlackRock Core Bond Trust by 10.9% during the fourth quarter. Morse Asset Management Inc now owns 25,868 shares of the investment management company’s stock valued at $248,000 after acquiring an additional 2,535 shares during the period.
BlackRock Core Bond Trust Trading Up 0.5%
BHK opened at $9.05 on Monday. The stock has a 50-day moving average of $9.03 and a 200-day moving average of $9.18. BlackRock Core Bond Trust has a 52-week low of $8.69 and a 52-week high of $10.12.
BlackRock Core Bond Trust Dividend Announcement
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.
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