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

BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT) was the target of a significant decline in short interest in February. As of February 28th, there was short interest totalling 305,700 shares, a decline of 41.3% from the February 13th total of 520,900 shares. Based on an average daily trading volume, of 593,600 shares, the days-to-cover ratio is presently 0.5 days.

BlackRock Corporate High Yield Fund Trading Down 0.7 %

Shares of HYT opened at $9.61 on Monday. BlackRock Corporate High Yield Fund has a fifty-two week low of $9.21 and a fifty-two week high of $10.47. The stock has a fifty day moving average of $9.82 and a two-hundred day moving average of $9.88.

BlackRock Corporate High Yield Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a dividend of $0.0779 per share. The ex-dividend date is Friday, March 14th. This represents a $0.93 annualized dividend and a yield of 9.73%.

Institutional Trading of BlackRock Corporate High Yield Fund

A number of hedge funds have recently added to or reduced their stakes in HYT. Stifel Financial Corp lifted its holdings in shares of BlackRock Corporate High Yield Fund by 3.3% during the 4th quarter. Stifel Financial Corp now owns 40,033 shares of the investment management company’s stock worth $393,000 after acquiring an additional 1,287 shares during the period. Samalin Investment Counsel LLC grew its stake in shares of BlackRock Corporate High Yield Fund by 4.3% during the 4th quarter. Samalin Investment Counsel LLC now owns 32,849 shares of the investment management company’s stock valued at $322,000 after buying an additional 1,362 shares during the period. Geneos Wealth Management Inc. grew its stake in shares of BlackRock Corporate High Yield Fund by 2.6% during the 4th quarter. Geneos Wealth Management Inc. now owns 66,325 shares of the investment management company’s stock valued at $651,000 after buying an additional 1,711 shares during the period. Rockefeller Capital Management L.P. raised its position in shares of BlackRock Corporate High Yield Fund by 2.2% in the 4th quarter. Rockefeller Capital Management L.P. now owns 81,304 shares of the investment management company’s stock worth $798,000 after buying an additional 1,749 shares during the period. Finally, Sanctuary Advisors LLC boosted its holdings in BlackRock Corporate High Yield Fund by 20.7% in the third quarter. Sanctuary Advisors LLC now owns 13,239 shares of the investment management company’s stock valued at $131,000 after acquiring an additional 2,271 shares during the last quarter.

About BlackRock Corporate High Yield Fund

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.