BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT) Short Interest Update

BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT) saw a significant decline in short interest in March. As of March 31st, there was short interest totalling 224,200 shares, a decline of 64.5% from the March 15th total of 632,100 shares. Based on an average daily trading volume, of 755,000 shares, the short-interest ratio is currently 0.3 days.

BlackRock Corporate High Yield Fund Trading Down 0.5 %

Shares of HYT stock traded down $0.05 during mid-day trading on Wednesday, hitting $9.14. 812,657 shares of the stock were exchanged, compared to its average volume of 538,141. BlackRock Corporate High Yield Fund has a 52-week low of $7.84 and a 52-week high of $10.16. The firm has a fifty day moving average of $9.54 and a 200 day moving average of $9.76.

BlackRock Corporate High Yield Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 15th will be given a $0.0779 dividend. This represents a $0.93 dividend on an annualized basis and a dividend yield of 10.23%. The ex-dividend date is Tuesday, April 15th.

Institutional Investors Weigh In On BlackRock Corporate High Yield Fund

Institutional investors have recently added to or reduced their stakes in the stock. HighTower Advisors LLC increased its stake in shares of BlackRock Corporate High Yield Fund by 80.1% during the third quarter. HighTower Advisors LLC now owns 143,237 shares of the investment management company’s stock worth $1,438,000 after purchasing an additional 63,720 shares in the last quarter. XTX Topco Ltd purchased a new stake in BlackRock Corporate High Yield Fund during the 3rd quarter worth approximately $222,000. MML Investors Services LLC raised its holdings in shares of BlackRock Corporate High Yield Fund by 42.7% during the third quarter. MML Investors Services LLC now owns 250,496 shares of the investment management company’s stock valued at $2,520,000 after acquiring an additional 74,997 shares during the last quarter. Sanctuary Advisors LLC raised its holdings in shares of BlackRock Corporate High Yield Fund by 20.7% during 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. Finally, World Investment Advisors LLC acquired a new stake in shares of BlackRock Corporate High Yield Fund in the third quarter worth approximately $211,000.

BlackRock Corporate High Yield Fund Company Profile

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.