BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT) Short Interest Update

BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT) saw a significant growth in short interest in March. As of March 15th, there was short interest totalling 632,100 shares, a growth of 106.8% from the February 28th total of 305,700 shares. Based on an average trading volume of 621,800 shares, the short-interest ratio is presently 1.0 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of HYT. Larson Financial Group LLC lifted its position in BlackRock Corporate High Yield Fund by 228.0% during the 4th quarter. Larson Financial Group LLC now owns 3,500 shares of the investment management company’s stock worth $34,000 after acquiring an additional 2,433 shares in the last quarter. Jackson Hole Capital Partners LLC acquired a new position in shares of BlackRock Corporate High Yield Fund during the fourth quarter worth $99,000. Two Sigma Securities LLC purchased a new position in shares of BlackRock Corporate High Yield Fund in the fourth quarter valued at $99,000. Gladstone Institutional Advisory LLC acquired a new stake in BlackRock Corporate High Yield Fund during the 4th quarter valued at $100,000. Finally, Concourse Financial Group Securities Inc. grew its holdings in BlackRock Corporate High Yield Fund by 31.9% during the 4th quarter. Concourse Financial Group Securities Inc. now owns 11,455 shares of the investment management company’s stock valued at $113,000 after purchasing an additional 2,773 shares in the last quarter.

BlackRock Corporate High Yield Fund Stock Performance

Shares of HYT stock traded up $0.02 during mid-day trading on Friday, reaching $9.60. The company’s stock had a trading volume of 419,461 shares, compared to its average volume of 485,244. The company’s 50 day simple moving average is $9.78 and its 200-day simple moving average is $9.85. BlackRock Corporate High Yield Fund has a 12-month low of $9.21 and a 12-month high of $10.16.

BlackRock Corporate High Yield Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a $0.0779 dividend. This represents a $0.93 annualized dividend and a yield of 9.74%. The ex-dividend date of this dividend is Friday, March 14th.

BlackRock Corporate High Yield Fund Company Profile

BlackRock Corporate High Yield Fund, Inc is a close ended fixed income mutual fund launched by BlackRock, Inc The fund is managed by BlackRock Advisors, LLC. It invests in fixed income markets across the globe. The fund invests in bonds of companies operating across diversified sectors. It primarily invests in bonds rated Ba or lower by Moody's Investors Service, Inc, or BB or lower by Standard & Poor's Corporation.