BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT) Sees Significant Increase in Short Interest

BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT) was the recipient of a significant increase in short interest during the month of January. As of January 15th, there was short interest totaling 4,003,873 shares, an increase of 32.7% from the December 31st total of 3,017,531 shares. Based on an average daily trading volume, of 1,483,890 shares, the short-interest ratio is currently 2.7 days. Based on an average daily trading volume, of 1,483,890 shares, the short-interest ratio is currently 2.7 days.

Hedge Funds Weigh In On BlackRock Corporate High Yield Fund

A number of hedge funds have recently bought and sold shares of the company. Newbridge Financial Services Group Inc. purchased a new position in BlackRock Corporate High Yield Fund during the third quarter worth about $28,000. TFC Financial Management Inc. purchased a new position in shares of BlackRock Corporate High Yield Fund in the 3rd quarter worth approximately $50,000. Allworth Financial LP grew its holdings in shares of BlackRock Corporate High Yield Fund by 10,460.0% in the second quarter. Allworth Financial LP now owns 5,280 shares of the investment management company’s stock valued at $51,000 after acquiring an additional 5,230 shares in the last quarter. Ameritas Advisory Services LLC purchased a new stake in shares of BlackRock Corporate High Yield Fund during the second quarter valued at approximately $75,000. Finally, Larson Financial Group LLC increased its position in shares of BlackRock Corporate High Yield Fund by 127.6% during the third quarter. Larson Financial Group LLC now owns 7,966 shares of the investment management company’s stock valued at $76,000 after acquiring an additional 4,466 shares during the last quarter.

BlackRock Corporate High Yield Fund Trading Up 0.4%

Shares of NYSE:HYT traded up $0.04 during midday trading on Monday, hitting $8.90. 1,056,413 shares of the company’s stock were exchanged, compared to its average volume of 1,440,771. BlackRock Corporate High Yield Fund has a 12 month low of $7.84 and a 12 month high of $10.02. The stock has a 50 day moving average price of $9.07 and a 200-day moving average price of $9.37.

BlackRock Corporate High Yield Fund Announces Dividend

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

BlackRock Corporate High Yield Fund Company Profile

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.