Readystate Asset Management LP Buys 269,189 Shares of BlackRock Corporate High Yield Fund, Inc. $HYT

Readystate Asset Management LP lifted its stake in shares of BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT) by 671.7% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 309,263 shares of the investment management company’s stock after acquiring an additional 269,189 shares during the quarter. Readystate Asset Management LP’s holdings in BlackRock Corporate High Yield Fund were worth $2,938,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HYT. McGowan Group Asset Management Inc. lifted its stake in shares of BlackRock Corporate High Yield Fund by 13.2% in the second quarter. McGowan Group Asset Management Inc. now owns 3,773,668 shares of the investment management company’s stock worth $36,793,000 after buying an additional 440,349 shares during the last quarter. Invesco Ltd. lifted its position in BlackRock Corporate High Yield Fund by 1.9% during the 2nd quarter. Invesco Ltd. now owns 1,334,394 shares of the investment management company’s stock worth $13,010,000 after acquiring an additional 24,247 shares during the last quarter. MML Investors Services LLC boosted its holdings in BlackRock Corporate High Yield Fund by 0.9% during the second quarter. MML Investors Services LLC now owns 992,083 shares of the investment management company’s stock valued at $9,673,000 after acquiring an additional 8,754 shares during the period. Ameriprise Financial Inc. grew its position in shares of BlackRock Corporate High Yield Fund by 0.7% in the second quarter. Ameriprise Financial Inc. now owns 827,792 shares of the investment management company’s stock valued at $8,071,000 after purchasing an additional 5,739 shares during the last quarter. Finally, Penserra Capital Management LLC bought a new position in shares of BlackRock Corporate High Yield Fund in the third quarter worth about $6,555,000.

BlackRock Corporate High Yield Fund Stock Performance

Shares of NYSE:HYT opened at $8.89 on Wednesday. The business has a 50 day moving average price of $8.94 and a 200 day moving average price of $9.30. BlackRock Corporate High Yield Fund, Inc. has a twelve month low of $7.84 and a twelve month high of $9.90.

BlackRock Corporate High Yield Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be paid a dividend of $0.0779 per share. This represents a c) annualized dividend and a yield of 10.5%. The ex-dividend date is Friday, March 13th.

Insiders Place Their Bets

In related news, Portfolio Manager David Delbos acquired 100,000 shares of the company’s stock in a transaction dated Tuesday, February 3rd. The shares were bought at an average price of $8.68 per share, for a total transaction of $868,000.00. Following the acquisition, the portfolio manager owned 205,511 shares in the company, valued at $1,783,835.48. This trade represents a 94.78% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

About BlackRock Corporate High Yield Fund

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.