Short Interest in BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT) Decreases By 41.3%

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

Large investors have recently bought and sold shares of the company. Stifel Financial Corp boosted its stake in shares of BlackRock Corporate High Yield Fund by 3.3% in the fourth quarter. Stifel Financial Corp now owns 40,033 shares of the investment management company’s stock valued at $393,000 after purchasing an additional 1,287 shares during the period. Samalin Investment Counsel LLC lifted its holdings in BlackRock Corporate High Yield Fund by 4.3% in the 4th quarter. Samalin Investment Counsel LLC now owns 32,849 shares of the investment management company’s stock worth $322,000 after buying an additional 1,362 shares in the last quarter. Geneos Wealth Management Inc. boosted its position in BlackRock Corporate High Yield Fund by 2.6% in the 4th quarter. Geneos Wealth Management Inc. now owns 66,325 shares of the investment management company’s stock valued at $651,000 after buying an additional 1,711 shares during the last quarter. Rockefeller Capital Management L.P. grew its stake in shares of BlackRock Corporate High Yield Fund by 2.2% during the fourth quarter. Rockefeller Capital Management L.P. now owns 81,304 shares of the investment management company’s stock valued at $798,000 after acquiring an additional 1,749 shares in the last quarter. Finally, Sanctuary Advisors LLC increased its position in shares of BlackRock Corporate High Yield Fund by 20.7% during the third quarter. Sanctuary Advisors LLC now owns 13,239 shares of the investment management company’s stock worth $131,000 after acquiring an additional 2,271 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.