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

BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT) was the recipient of a large decline in short interest during the month of February. As of February 13th, there was short interest totaling 366,676 shares, a decline of 94.5% from the January 29th total of 6,725,166 shares. Based on an average daily trading volume, of 1,320,063 shares, the short-interest ratio is currently 0.3 days. Based on an average daily trading volume, of 1,320,063 shares, the short-interest ratio is currently 0.3 days.

BlackRock Corporate High Yield Fund Trading Up 0.3%

NYSE HYT traded up $0.03 during trading hours on Wednesday, hitting $8.89. 675,799 shares of the company were exchanged, compared to its average volume of 1,311,097. BlackRock Corporate High Yield Fund has a 52 week low of $7.84 and a 52 week high of $9.90. The stock has a 50-day moving average price of $8.89 and a 200 day moving average price of $9.26.

BlackRock Corporate High Yield Fund Dividend Announcement

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

Insider Activity

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

Institutional Trading of BlackRock Corporate High Yield Fund

A number of institutional investors have recently bought and sold shares of the stock. Sit Investment Associates Inc. boosted its stake in BlackRock Corporate High Yield Fund by 30.8% during the fourth quarter. Sit Investment Associates Inc. now owns 350,136 shares of the investment management company’s stock worth $3,116,000 after buying an additional 82,475 shares during the period. Invesco Ltd. lifted its holdings in shares of BlackRock Corporate High Yield Fund by 12.5% in the 4th quarter. Invesco Ltd. now owns 1,632,966 shares of the investment management company’s stock worth $14,533,000 after acquiring an additional 181,883 shares during the last quarter. Corient Private Wealth LLC boosted its stake in shares of BlackRock Corporate High Yield Fund by 19.2% during the 4th quarter. Corient Private Wealth LLC now owns 24,245 shares of the investment management company’s stock worth $216,000 after purchasing an additional 3,904 shares during the period. Onyx Bridge Wealth Group LLC boosted its stake in shares of BlackRock Corporate High Yield Fund by 13.6% during the 4th quarter. Onyx Bridge Wealth Group LLC now owns 121,250 shares of the investment management company’s stock worth $1,079,000 after purchasing an additional 14,554 shares during the period. Finally, Kanen Wealth Management LLC bought a new position in BlackRock Corporate High Yield Fund during the 4th quarter valued at about $730,000.

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.