BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT) Short Interest Up 77.9% in February

BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT) was the target of a large growth in short interest in 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 daily volume of 580,400 shares, the short-interest ratio is presently 0.9 days.

BlackRock Corporate High Yield Fund Trading Up 0.4 %

HYT stock traded up $0.04 during trading on Friday, reaching $9.87. The stock had a trading volume of 746,235 shares, compared to its average volume of 650,747. BlackRock Corporate High Yield Fund has a one year low of $9.21 and a one year high of $10.16. The company’s 50 day moving average is $9.82 and its two-hundred day moving average is $9.88.

BlackRock Corporate High Yield Fund Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were given a $0.0779 dividend. This represents a $0.93 dividend on an annualized basis and a yield of 9.47%. The ex-dividend date of this dividend was Friday, February 14th.

Institutional Investors Weigh In On BlackRock Corporate High Yield Fund

Institutional investors have recently added to or reduced their stakes in the company. Larson Financial Group LLC boosted its stake in BlackRock Corporate High Yield Fund by 228.0% in the fourth quarter. Larson Financial Group LLC now owns 3,500 shares of the investment management company’s stock valued at $34,000 after acquiring an additional 2,433 shares during the last quarter. Jackson Hole Capital Partners LLC purchased a new position in BlackRock Corporate High Yield Fund in the fourth quarter valued at about $99,000. Two Sigma Securities LLC purchased a new position in BlackRock Corporate High Yield Fund in the fourth quarter valued at about $99,000. Gladstone Institutional Advisory LLC purchased a new position in BlackRock Corporate High Yield Fund in the fourth quarter valued at about $100,000. Finally, Tyler Stone Wealth Management boosted its stake in BlackRock Corporate High Yield Fund by 100.0% in the third quarter. Tyler Stone Wealth Management now owns 10,648 shares of the investment management company’s stock valued at $107,000 after acquiring an additional 5,324 shares during the last quarter.

About BlackRock Corporate High Yield Fund

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.