Short Interest in BlackRock Core Bond Trust (NYSE:BHK) Increases By 108.4%

BlackRock Core Bond Trust (NYSE:BHK) was the target of a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 714,490 shares, an increase of 108.4% from the July 15th total of 342,912 shares. Based on an average daily volume of 340,588 shares, the days-to-cover ratio is presently 2.1 days.

BlackRock Core Bond Trust Price Performance

Shares of NYSE BHK traded down $0.10 during midday trading on Friday, hitting $9.05. 75,564 shares of the company’s stock traded hands, compared to its average volume of 294,799. The firm has a fifty day moving average of $9.03 and a 200 day moving average of $9.18. BlackRock Core Bond Trust has a 1 year low of $8.69 and a 1 year high of $10.12.

BlackRock Core Bond Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be issued a dividend of $0.0746 per share. This represents a c) dividend on an annualized basis and a yield of 9.9%. The ex-dividend date of this dividend is Tuesday, September 15th.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Balyasny Asset Management L.P. purchased a new position in shares of BlackRock Core Bond Trust during the 2nd quarter worth $7,163,000. Rivernorth Capital Management LLC bought a new position in BlackRock Core Bond Trust in the 4th quarter worth $4,777,000. 1607 Capital Partners LLC bought a new position in BlackRock Core Bond Trust in the 4th quarter worth $4,355,000. Invesco Ltd. lifted its position in BlackRock Core Bond Trust by 88.0% during the third quarter. Invesco Ltd. now owns 888,549 shares of the investment management company’s stock valued at $8,832,000 after purchasing an additional 415,911 shares in the last quarter. Finally, Landscape Capital Management L.L.C. lifted its position in BlackRock Core Bond Trust by 1,020.5% during the third quarter. Landscape Capital Management L.L.C. now owns 248,245 shares of the investment management company’s stock valued at $2,468,000 after purchasing an additional 226,091 shares in the last quarter.

About BlackRock Core Bond Trust

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.