BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT – Get Free Report) was the recipient of a significant drop in short interest in the month of February. As of February 28th, there was short interest totalling 305,700 shares, a drop of 41.3% from the February 13th total of 520,900 shares. Based on an average daily trading volume, of 593,600 shares, the short-interest ratio is presently 0.5 days.
BlackRock Corporate High Yield Fund Price Performance
Shares of HYT stock opened at $9.61 on Monday. The company’s fifty day simple moving average is $9.82 and its 200-day simple moving average is $9.88. BlackRock Corporate High Yield Fund has a 52 week low of $9.21 and a 52 week high of $10.47.
BlackRock Corporate High Yield Fund Announces Dividend
The business also recently announced a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a $0.0779 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.93 dividend on an annualized basis and a dividend yield of 9.73%.
Institutional Trading of BlackRock Corporate High Yield Fund
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.
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