BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT) Short Interest Up 32.7% in January

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

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Ameritas Advisory Services LLC bought a new stake in shares of BlackRock Corporate High Yield Fund in the 2nd quarter worth about $75,000. Wealth Enhancement Advisory Services LLC grew its stake in BlackRock Corporate High Yield Fund by 53.3% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 43,016 shares of the investment management company’s stock worth $421,000 after purchasing an additional 14,951 shares in the last quarter. Brookstone Capital Management increased its holdings in BlackRock Corporate High Yield Fund by 9.1% in the second quarter. Brookstone Capital Management now owns 20,669 shares of the investment management company’s stock valued at $202,000 after buying an additional 1,716 shares during the last quarter. Rockefeller Capital Management L.P. raised its stake in BlackRock Corporate High Yield Fund by 30.0% during the second quarter. Rockefeller Capital Management L.P. now owns 108,653 shares of the investment management company’s stock valued at $1,059,000 after buying an additional 25,046 shares in the last quarter. Finally, McGowan Group Asset Management Inc. lifted its holdings in BlackRock Corporate High Yield Fund by 13.2% during the 2nd 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.

BlackRock Corporate High Yield Fund Trading Down 0.4%

Shares of NYSE:HYT opened at $8.87 on Wednesday. The stock has a 50-day simple moving average of $9.05 and a 200-day simple moving average of $9.36. BlackRock Corporate High Yield Fund has a 1 year low of $7.84 and a 1 year high of $10.02.

BlackRock Corporate High Yield Fund Announces Dividend

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