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 during the month of February. As of February 13th, there was short interest totaling 366,676 shares, a decline of 94.5% from the January 29th total of 6,725,166 shares. Based on an average daily volume of 1,320,063 shares, the short-interest ratio is currently 0.3 days. Based on an average daily volume of 1,320,063 shares, the short-interest ratio is currently 0.3 days.

BlackRock Corporate High Yield Fund Stock Down 0.2%

Shares of NYSE HYT traded down $0.02 during mid-day trading on Thursday, hitting $8.88. 466,164 shares of the company’s stock traded hands, compared to its average volume of 1,287,776. BlackRock Corporate High Yield Fund has a 1 year low of $7.84 and a 1 year high of $9.90. The company’s 50-day moving average is $8.89 and its two-hundred day moving average is $9.26.

BlackRock Corporate High Yield Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th will be issued a $0.0779 dividend. The ex-dividend date is Friday, March 13th. This represents a c) dividend on an annualized basis and a dividend yield of 10.5%.

Insider Transactions at BlackRock Corporate High Yield Fund

In other BlackRock Corporate High Yield Fund news, Portfolio Manager David Delbos acquired 100,000 shares of the stock in a transaction on Tuesday, February 3rd. The stock was acquired at an average price of $8.68 per share, for a total transaction of $868,000.00. Following the completion of the transaction, the portfolio manager directly owned 205,511 shares of the company’s stock, valued at $1,783,835.48. This trade represents a 94.78% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Institutional Trading of BlackRock Corporate High Yield Fund

Several hedge funds and other institutional investors have recently bought and sold shares of HYT. Granite Investment Partners LLC boosted its stake in BlackRock Corporate High Yield Fund by 2.0% during the second quarter. Granite Investment Partners LLC now owns 53,839 shares of the investment management company’s stock worth $525,000 after buying an additional 1,076 shares during the period. Creative Planning lifted its holdings in shares of BlackRock Corporate High Yield Fund by 6.8% in the 3rd quarter. Creative Planning now owns 17,109 shares of the investment management company’s stock worth $163,000 after acquiring an additional 1,086 shares during the last quarter. Presper Financial Architects LLC boosted its stake in shares of BlackRock Corporate High Yield Fund by 1.3% during the 3rd quarter. Presper Financial Architects LLC now owns 83,187 shares of the investment management company’s stock worth $790,000 after purchasing an additional 1,108 shares during the period. Investmark Advisory Group LLC grew its holdings in BlackRock Corporate High Yield Fund by 2.9% during the 3rd quarter. Investmark Advisory Group LLC now owns 40,525 shares of the investment management company’s stock valued at $385,000 after purchasing an additional 1,125 shares during the last quarter. Finally, Stratos Wealth Partners LTD. grew its holdings in BlackRock Corporate High Yield Fund by 5.0% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 24,415 shares of the investment management company’s stock valued at $232,000 after purchasing an additional 1,168 shares during the last quarter.

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.