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

BlackRock Corporate High Yield Fund, Inc. (NYSE:HYTGet Rating) was the recipient of a significant drop in short interest in March. As of March 31st, there was short interest totalling 260,600 shares, a drop of 43.4% from the March 15th total of 460,400 shares. Based on an average daily volume of 491,700 shares, the short-interest ratio is currently 0.5 days.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Rockefeller Capital Management L.P. grew its holdings in shares of BlackRock Corporate High Yield Fund by 1.7% during the third quarter. Rockefeller Capital Management L.P. now owns 55,031 shares of the investment management company’s stock valued at $671,000 after buying an additional 899 shares during the last quarter. Boenning & Scattergood Inc. grew its stake in BlackRock Corporate High Yield Fund by 8.9% during the 4th quarter. Boenning & Scattergood Inc. now owns 11,220 shares of the investment management company’s stock valued at $138,000 after purchasing an additional 919 shares during the last quarter. First Trust Advisors LP increased its holdings in shares of BlackRock Corporate High Yield Fund by 0.9% in the fourth quarter. First Trust Advisors LP now owns 118,308 shares of the investment management company’s stock valued at $1,460,000 after purchasing an additional 1,057 shares during the period. RB Capital Management LLC raised its stake in shares of BlackRock Corporate High Yield Fund by 7.9% in the third quarter. RB Capital Management LLC now owns 14,725 shares of the investment management company’s stock worth $180,000 after purchasing an additional 1,075 shares during the last quarter. Finally, SMH Capital Advisors Inc. raised its stake in shares of BlackRock Corporate High Yield Fund by 3.6% in the fourth quarter. SMH Capital Advisors Inc. now owns 32,709 shares of the investment management company’s stock worth $404,000 after purchasing an additional 1,125 shares during the last quarter.

Shares of NYSE:HYT opened at $10.25 on Friday. BlackRock Corporate High Yield Fund has a 12-month low of $9.89 and a 12-month high of $12.69. The business’s fifty day simple moving average is $10.63 and its 200-day simple moving average is $11.53.

The company also recently declared a monthly dividend, which will be paid on Friday, April 29th. Shareholders of record on Thursday, April 14th will be given a dividend of $0.0779 per share. This represents a $0.93 annualized dividend and a dividend yield of 9.12%. The ex-dividend date of this dividend is Wednesday, April 13th.

BlackRock Corporate High Yield Fund Company Profile (Get Rating)

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.

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