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

BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT) saw a significant increase in short interest in January. As of January 30th, there was short interest totaling 6,725,166 shares, an increase of 68.0% from the January 15th total of 4,003,873 shares. Based on an average daily trading volume, of 1,454,968 shares, the short-interest ratio is currently 4.6 days. Based on an average daily trading volume, of 1,454,968 shares, the short-interest ratio is currently 4.6 days.

Insider Activity

In other BlackRock Corporate High Yield Fund news, Portfolio Manager David Delbos purchased 100,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 3rd. The stock was purchased at an average cost of $8.68 per share, with a total value of $868,000.00. Following the acquisition, the portfolio manager directly owned 205,511 shares of the company’s stock, valued at approximately $1,783,835.48. This trade represents a 94.78% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Newbridge Financial Services Group Inc. acquired a new stake in shares of BlackRock Corporate High Yield Fund in the 3rd quarter valued at $28,000. Kestra Advisory Services LLC bought a new position in BlackRock Corporate High Yield Fund during the fourth quarter worth about $33,000. EverSource Wealth Advisors LLC grew its position in shares of BlackRock Corporate High Yield Fund by 47.3% in the 4th quarter. EverSource Wealth Advisors LLC now owns 4,354 shares of the investment management company’s stock valued at $39,000 after purchasing an additional 1,399 shares during the period. TFC Financial Management Inc. bought a new stake in shares of BlackRock Corporate High Yield Fund during the third quarter worth $50,000. Finally, Allworth Financial LP raised its stake in shares of BlackRock Corporate High Yield Fund by 10,460.0% in the 2nd quarter. Allworth Financial LP now owns 5,280 shares of the investment management company’s stock valued at $51,000 after purchasing an additional 5,230 shares during the period.

BlackRock Corporate High Yield Fund Price Performance

Shares of NYSE:HYT opened at $8.86 on Monday. BlackRock Corporate High Yield Fund has a 12 month low of $7.84 and a 12 month high of $9.91. The company’s 50-day moving average price is $8.96 and its two-hundred day moving average price is $9.31.

BlackRock Corporate High Yield Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th will be paid a dividend of $0.0779 per share. This represents a c) annualized dividend and a dividend yield of 10.6%. The ex-dividend date of this dividend is Friday, March 13th.

BlackRock Corporate High Yield Fund Company Profile

BlackRock Corporate High Yield Fund (NYSE: HYT) is a diversified, closed-end management investment company designed to offer investors exposure to the credit market’s higher-yielding segment. The fund primarily seeks to generate high current income by investing in below-investment-grade corporate debt securities across a broad range of industries. It may also allocate a portion of its assets to investment-grade bonds and cash equivalents, allowing for flexible portfolio positioning in response to market conditions.

HYT’s investment strategy emphasizes bottom-up credit research, focusing on issuers with strong cash flow potential and sound balance sheets relative to their high-yield peers.