BlackRock Core Bond Trust (NYSE:BHK – Get Free Report) was the target of a large drop in short interest in September. As of September 30th, there was short interest totaling 455,641 shares, a drop of 42.6% from the September 15th total of 793,137 shares. Based on an average daily volume of 498,312 shares, the days-to-cover ratio is currently 0.9 days.
Institutional Trading of BlackRock Core Bond Trust
A number of institutional investors and hedge funds have recently modified their holdings of the company. Dynamic Advisor Solutions LLC lifted its holdings in shares of BlackRock Core Bond Trust by 10.6% during the second quarter. Dynamic Advisor Solutions LLC now owns 479,508 shares of the investment management company’s stock worth $4,397,000 after buying an additional 45,941 shares during the last quarter. 1607 Capital Partners LLC acquired a new position in BlackRock Core Bond Trust during the 4th quarter valued at $4,355,000. Allspring Global Investments Holdings LLC boosted its holdings in BlackRock Core Bond Trust by 145.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 349,001 shares of the investment management company’s stock valued at $3,197,000 after purchasing an additional 206,557 shares during the period. Private Advisor Group LLC grew its position in BlackRock Core Bond Trust by 1.2% in the 1st quarter. Private Advisor Group LLC now owns 339,588 shares of the investment management company’s stock worth $3,111,000 after purchasing an additional 4,107 shares during the last quarter. Finally, RHS Financial LLC increased its holdings in shares of BlackRock Core Bond Trust by 8.5% during the 3rd quarter. RHS Financial LLC now owns 293,798 shares of the investment management company’s stock worth $2,409,000 after purchasing an additional 23,035 shares during the period.
BlackRock Core Bond Trust Price Performance
NYSE BHK traded up $0.13 during trading on Thursday, hitting $8.30. 501,208 shares of the company traded hands, compared to its average volume of 311,542. The business has a fifty day simple moving average of $8.69 and a 200 day simple moving average of $8.93. BlackRock Core Bond Trust has a 12 month low of $8.03 and a 12 month high of $10.00.
BlackRock Core Bond Trust Announces Dividend
The business also recently declared a monthly dividend, which will be paid on Tuesday, December 22nd. Shareholders of record on Friday, December 11th will be issued a dividend of $0.0746 per share. This represents a $0.90 annualized dividend and a yield of 10.8%. The ex-dividend date is Friday, December 11th.
BlackRock Core Bond Trust Company Profile
BlackRock Core Bond Trust (NYSE:BHK) is a closed-end investment company that seeks to provide investors with current income and, as a secondary objective, capital appreciation. The fund invests primarily in a diversified portfolio of fixed-income securities and is managed by BlackRock Advisors, an affiliate of BlackRock, Inc
Its portfolio may include U.S. government and agency securities, mortgage-backed and asset-backed securities, investment-grade and below-investment-grade corporate bonds, and other domestic and international debt instruments.
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