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

BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT) was the target of a large decrease in short interest in February. As of February 28th, there was short interest totalling 305,700 shares, a decrease of 41.3% from the February 13th total of 520,900 shares. Based on an average daily volume of 593,600 shares, the short-interest ratio is currently 0.5 days.

BlackRock Corporate High Yield Fund Stock Performance

HYT traded down $0.07 during trading on Friday, reaching $9.61. 512,963 shares of the company were exchanged, compared to its average volume of 478,597. 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 has a 12-month low of $9.21 and a 12-month high of $10.16.

BlackRock Corporate High Yield Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a $0.0779 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.93 annualized dividend and a dividend yield of 9.73%.

Institutional Trading of BlackRock Corporate High Yield Fund

Several institutional investors and hedge funds have recently modified their holdings of HYT. Janney Montgomery Scott LLC increased its position in shares of BlackRock Corporate High Yield Fund by 4.7% during the 3rd quarter. Janney Montgomery Scott LLC now owns 138,716 shares of the investment management company’s stock valued at $1,395,000 after purchasing an additional 6,172 shares during the last quarter. Prospera Financial Services Inc increased its position in shares of BlackRock Corporate High Yield Fund by 12.9% during the 3rd quarter. Prospera Financial Services Inc now owns 22,264 shares of the investment management company’s stock valued at $224,000 after purchasing an additional 2,547 shares during the last quarter. Cornerstone Advisors LLC bought a new position in shares of BlackRock Corporate High Yield Fund during the 3rd quarter valued at about $628,000. Creekside Partners increased its position in shares of BlackRock Corporate High Yield Fund by 17.1% during the 3rd quarter. Creekside Partners now owns 70,969 shares of the investment management company’s stock valued at $714,000 after purchasing an additional 10,381 shares during the last quarter. Finally, Covenant Asset Management LLC increased its position in shares of BlackRock Corporate High Yield Fund by 2.3% during the 3rd quarter. Covenant Asset Management LLC now owns 158,900 shares of the investment management company’s stock valued at $1,599,000 after purchasing an additional 3,513 shares during the last quarter.

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.