BlackRock Core Bond Trust (NYSE:BHK) Short Interest Down 12.3% in November

BlackRock Core Bond Trust (NYSE:BHK) was the recipient of a significant decrease in short interest in November. As of November 30th, there was short interest totalling 625,000 shares, a decrease of 12.3% from the November 15th total of 712,600 shares. Based on an average daily trading volume, of 135,700 shares, the days-to-cover ratio is presently 4.6 days.

BlackRock Core Bond Trust Stock Performance

BHK traded down $0.03 during trading hours on Friday, hitting $11.08. 148,502 shares of the stock were exchanged, compared to its average volume of 152,914. The stock has a 50-day simple moving average of $11.39 and a 200-day simple moving average of $11.26. BlackRock Core Bond Trust has a 12 month low of $10.17 and a 12 month high of $12.10.

BlackRock Core Bond Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 16th will be paid a dividend of $0.0746 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $0.90 annualized dividend and a yield of 8.08%.

Hedge Funds Weigh In On BlackRock Core Bond Trust

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Morse Asset Management Inc acquired a new position in BlackRock Core Bond Trust during the 3rd quarter valued at approximately $161,000. HighTower Advisors LLC bought a new stake in BlackRock Core Bond Trust in the third quarter valued at $134,000. Private Trust Co. NA boosted its holdings in shares of BlackRock Core Bond Trust by 18.3% during the third quarter. Private Trust Co. NA now owns 116,299 shares of the investment management company’s stock valued at $1,400,000 after acquiring an additional 17,992 shares during the period. Brown Brothers Harriman & Co. acquired a new position in shares of BlackRock Core Bond Trust during the third quarter valued at $32,000. Finally, Fiera Capital Corp grew its position in shares of BlackRock Core Bond Trust by 5.7% during the third quarter. Fiera Capital Corp now owns 225,190 shares of the investment management company’s stock worth $2,711,000 after acquiring an additional 12,110 shares during the last quarter.

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.