Short Interest in BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT) Expands By 106.8%

BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT) was the target of a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 632,100 shares, an increase of 106.8% from the February 28th total of 305,700 shares. Based on an average daily volume of 621,800 shares, the short-interest ratio is currently 1.0 days.

Hedge Funds Weigh In On BlackRock Corporate High Yield Fund

A number of hedge funds have recently made changes to their positions in the stock. Truist Financial Corp lifted its position in shares of BlackRock Corporate High Yield Fund by 75.1% during the fourth quarter. Truist Financial Corp now owns 25,743 shares of the investment management company’s stock worth $253,000 after purchasing an additional 11,042 shares in the last quarter. Sanctuary Advisors LLC lifted its holdings in BlackRock Corporate High Yield Fund by 20.7% during the 3rd quarter. Sanctuary Advisors LLC now owns 13,239 shares of the investment management company’s stock worth $131,000 after buying an additional 2,271 shares in the last quarter. Atria Wealth Solutions Inc. boosted its position in BlackRock Corporate High Yield Fund by 4.0% in the 4th quarter. Atria Wealth Solutions Inc. now owns 65,055 shares of the investment management company’s stock valued at $638,000 after buying an additional 2,530 shares during the period. Janney Montgomery Scott LLC grew its stake in shares of BlackRock Corporate High Yield Fund by 5.2% in the fourth quarter. Janney Montgomery Scott LLC now owns 145,958 shares of the investment management company’s stock worth $1,432,000 after acquiring an additional 7,242 shares in the last quarter. Finally, Commonwealth Equity Services LLC increased its position in shares of BlackRock Corporate High Yield Fund by 12.9% during the fourth quarter. Commonwealth Equity Services LLC now owns 363,340 shares of the investment management company’s stock worth $3,564,000 after acquiring an additional 41,563 shares during the period.

BlackRock Corporate High Yield Fund Stock Up 0.2 %

Shares of NYSE:HYT traded up $0.02 during midday trading on Friday, reaching $9.60. 419,461 shares of the company’s stock were exchanged, compared to its average volume of 485,244. The firm’s 50 day simple moving average is $9.78 and its two-hundred day simple moving average is $9.85. BlackRock Corporate High Yield Fund has a fifty-two week low of $9.21 and a fifty-two week high of $10.16.

BlackRock Corporate High Yield Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a $0.0779 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.93 annualized dividend and a dividend yield of 9.74%.

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.