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

BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT) was the target of a large increase in short interest in December. As of December 31st, there was short interest totaling 3,017,531 shares, an increase of 1,169.5% from the December 15th total of 237,693 shares. Based on an average daily trading volume, of 1,539,714 shares, the short-interest ratio is presently 2.0 days. Based on an average daily trading volume, of 1,539,714 shares, the short-interest ratio is presently 2.0 days.

BlackRock Corporate High Yield Fund Trading Up 0.3%

Shares of NYSE:HYT opened at $8.89 on Tuesday. BlackRock Corporate High Yield Fund has a 52-week low of $7.84 and a 52-week high of $10.02. The firm has a fifty day moving average of $9.21 and a 200 day moving average of $9.46.

BlackRock Corporate High Yield Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th will be paid 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%.

Institutional Trading of BlackRock Corporate High Yield Fund

Several institutional investors have recently added to or reduced their stakes in HYT. Granite Investment Partners LLC boosted its holdings in BlackRock Corporate High Yield Fund by 2.0% during the 2nd quarter. Granite Investment Partners LLC now owns 53,839 shares of the investment management company’s stock valued at $525,000 after acquiring an additional 1,076 shares during the period. Creative Planning lifted its position in BlackRock Corporate High Yield Fund by 6.8% in the third quarter. Creative Planning now owns 17,109 shares of the investment management company’s stock valued at $163,000 after purchasing an additional 1,086 shares during the last quarter. Presper Financial Architects LLC boosted its stake in shares of BlackRock Corporate High Yield Fund by 1.3% during the third quarter. Presper Financial Architects LLC now owns 83,187 shares of the investment management company’s stock valued at $790,000 after purchasing an additional 1,108 shares during the period. Investmark Advisory Group LLC grew its holdings in shares of BlackRock Corporate High Yield Fund by 2.9% in the third quarter. Investmark Advisory Group LLC now owns 40,525 shares of the investment management company’s stock worth $385,000 after purchasing an additional 1,125 shares during the last quarter. Finally, Stratos Wealth Partners LTD. grew its holdings in shares of BlackRock Corporate High Yield Fund by 5.0% in the third quarter. Stratos Wealth Partners LTD. now owns 24,415 shares of the investment management company’s stock worth $232,000 after purchasing an additional 1,168 shares during the last quarter.

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.