BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT) Sees Large Growth in Short Interest

BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT) was the target of a large growth in short interest during the month of February. As of February 15th, there was short interest totalling 520,900 shares, a growth of 77.9% from the January 31st total of 292,800 shares. Based on an average trading volume of 580,400 shares, the short-interest ratio is presently 0.9 days.

Institutional Investors Weigh In On BlackRock Corporate High Yield Fund

Several hedge funds have recently added to or reduced their stakes in HYT. Sanctuary Advisors LLC increased its position in BlackRock Corporate High Yield Fund by 20.7% in the 3rd quarter. Sanctuary Advisors LLC now owns 13,239 shares of the investment management company’s stock valued at $131,000 after acquiring an additional 2,271 shares during the period. Janney Montgomery Scott LLC grew its stake in shares of BlackRock Corporate High Yield Fund by 5.2% in the fourth quarter. Janney Montgomery Scott LLC now owns 145,958 shares of the investment management company’s stock worth $1,432,000 after purchasing an additional 7,242 shares during the last quarter. Atria Wealth Solutions Inc. increased its holdings in BlackRock Corporate High Yield Fund by 4.0% in the fourth quarter. Atria Wealth Solutions Inc. now owns 65,055 shares of the investment management company’s stock valued at $638,000 after purchasing an additional 2,530 shares during the period. HighTower Advisors LLC raised its position in BlackRock Corporate High Yield Fund by 80.1% during the 3rd quarter. HighTower Advisors LLC now owns 143,237 shares of the investment management company’s stock worth $1,438,000 after purchasing an additional 63,720 shares during the last quarter. Finally, Magnus Financial Group LLC acquired a new position in BlackRock Corporate High Yield Fund during the 4th quarter worth about $128,000.

BlackRock Corporate High Yield Fund Trading Up 0.1 %

BlackRock Corporate High Yield Fund stock opened at $9.89 on Tuesday. The stock has a 50-day moving average price of $9.82 and a two-hundred day moving average price of $9.88. 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 Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were paid a $0.0779 dividend. This represents a $0.93 annualized dividend and a dividend yield of 9.45%. The ex-dividend date was Friday, February 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.