BlackRock Core Bond Trust (NYSE:BHK) Short Interest Up 9.0% in July

BlackRock Core Bond Trust (NYSE:BHK) was the recipient of a significant increase in short interest in July. As of July 31st, there was short interest totalling 614,300 shares, an increase of 9.0% from the July 15th total of 563,600 shares. Based on an average daily volume of 146,300 shares, the short-interest ratio is presently 4.2 days.

BlackRock Core Bond Trust Trading Up 0.4 %

BHK traded up $0.05 during midday trading on Monday, hitting $11.39. The company had a trading volume of 80,951 shares, compared to its average volume of 160,964. BlackRock Core Bond Trust has a 52 week low of $9.02 and a 52 week high of $11.40. The stock’s 50 day moving average price is $10.89 and its 200 day moving average price is $10.68.

BlackRock Core Bond Trust Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, August 30th. Stockholders of record on Thursday, August 15th will be given a dividend of $0.075 per share. The ex-dividend date is Thursday, August 15th. This is an increase from BlackRock Core Bond Trust’s previous monthly dividend of $0.07. This represents a $0.90 annualized dividend and a dividend yield of 7.90%.

Institutional Investors Weigh In On BlackRock Core Bond Trust

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Fairscale Capital LLC bought a new stake in shares of BlackRock Core Bond Trust during the second quarter worth about $35,000. Ellis Investment Partners LLC increased its position in shares of BlackRock Core Bond Trust by 4.0% during the second quarter. Ellis Investment Partners LLC now owns 71,097 shares of the investment management company’s stock worth $757,000 after acquiring an additional 2,710 shares in the last quarter. Private Advisor Group LLC increased its position in shares of BlackRock Core Bond Trust by 6.7% during the second quarter. Private Advisor Group LLC now owns 193,004 shares of the investment management company’s stock worth $2,055,000 after acquiring an additional 12,059 shares in the last quarter. Waterfront Wealth Inc. increased its position in shares of BlackRock Core Bond Trust by 2.9% during the second quarter. Waterfront Wealth Inc. now owns 34,704 shares of the investment management company’s stock worth $370,000 after acquiring an additional 980 shares in the last quarter. Finally, Consolidated Portfolio Review Corp increased its position in shares of BlackRock Core Bond Trust by 11.3% during the second quarter. Consolidated Portfolio Review Corp now owns 111,019 shares of the investment management company’s stock worth $1,182,000 after acquiring an additional 11,274 shares in the last quarter.

About BlackRock Core Bond Trust

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.