BHK Stock Summary and Trading Ideas (Blackrock Core Bond Trust | NYSE:BHK)

BlackRock Core Bond Trust’s (BHK) (the “Trust”) investment objective is to provide current income and capital appreciation. The Trust seeks to achieve its investment objective by investing at least 75% of its assets in bonds that are investment grade quality at the time of investment. The Trust’s investments will include a broad range of bonds, including corporate bonds, US government and agency securities and mortgage-related securities. The Trust may invest directly in such securities or synthetically through the use of derivatives. On June 6, 2014, the Boards of the Trust, BlackRock Income Opportunity Trust, Inc. (“BNA”) and BlackRock Income Trust, Inc. (“BKT”) approved the reorganizations of BKT and BNA with and into the Trust, with the Trust continuing as the surviving fund after the reorganizations. At a special meeting of shareholders on September 30, 2014, the shareholders of the Trust and BNA approved the reorganization of BNA with and into the Trust, which is expected to be completed in late 2014. The reorganization of BKT with and into the Trust was not approved by BKT shareholders. Consequently, the reorganization of BKT with and into the Trust will not be completed.

Blackrock Core Bond Trust trades on the NYSE stock market under the symbol BHK.

As of April 18, 2024, BHK stock price was flat at $10.31 with 71,453 million shares trading.

BHK has a beta of 0.74, meaning it tends to be less sensitive to market movements. BHK has a correlation of 0.36 to the broad based SPY ETF.

BHK has a market cap of $556.85 million. This is considered a Small Cap stock.

In the last 3 years, BHK stock traded as high as $17.36 and as low as $9.02.

BHK has underperformed the market in the last year with a return of +4.2%, while the SPY ETF gained +22.4%. In the last 3 month period, BHK fell short of the market, returning -0.7%, while SPY returned +6.2%. However, in the most recent 2 weeks BHK has outperformed the stock market by returning -3.2%, while SPY returned -3.7%.

BHK support price is $10.23 and resistance is $10.39 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that BHK stock will trade within this expected range on the day.