BlackRock Core Bond Trust (NYSE:BHK – Get Free Report) 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
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.
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