BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT) Short Interest Down 8.7% in December

BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT) was the recipient of a large drop in short interest during the month of December. As of December 15th, there was short interest totalling 313,400 shares, a drop of 8.7% from the November 30th total of 343,100 shares. Based on an average daily trading volume, of 497,200 shares, the short-interest ratio is currently 0.6 days.

Institutional Trading of BlackRock Corporate High Yield Fund

A number of institutional investors have recently modified their holdings of HYT. CWM LLC raised its position in shares of BlackRock Corporate High Yield Fund by 17.5% during the 3rd quarter. CWM LLC now owns 7,221 shares of the investment management company’s stock worth $73,000 after purchasing an additional 1,074 shares during the last quarter. Concourse Financial Group Securities Inc. lifted its position in shares of BlackRock Corporate High Yield Fund by 77.2% in the third quarter. Concourse Financial Group Securities Inc. now owns 8,682 shares of the investment management company’s stock valued at $87,000 after acquiring an additional 3,782 shares in the last quarter. Cullen Frost Bankers Inc. boosted its stake in shares of BlackRock Corporate High Yield Fund by 100.0% during the second quarter. Cullen Frost Bankers Inc. now owns 10,000 shares of the investment management company’s stock valued at $97,000 after acquiring an additional 5,000 shares during the last quarter. Sanctuary Advisors LLC purchased a new stake in BlackRock Corporate High Yield Fund during the 2nd quarter worth about $106,000. Finally, Tyler Stone Wealth Management raised its stake in BlackRock Corporate High Yield Fund by 100.0% in the 3rd quarter. Tyler Stone Wealth Management now owns 10,648 shares of the investment management company’s stock valued at $107,000 after purchasing an additional 5,324 shares during the last quarter.

BlackRock Corporate High Yield Fund Trading Up 1.0 %

BlackRock Corporate High Yield Fund stock traded up $0.10 during midday trading on Wednesday, hitting $9.81. 748,822 shares of the company’s stock were exchanged, compared to its average volume of 442,197. BlackRock Corporate High Yield Fund has a 12-month low of $9.21 and a 12-month high of $10.16. The firm’s 50 day simple moving average is $9.87 and its 200 day simple moving average is $9.86.

BlackRock Corporate High Yield Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, December 23rd. Shareholders of record on Monday, December 16th were issued a $0.0779 dividend. This represents a $0.93 dividend on an annualized basis and a yield of 9.53%. The ex-dividend date of this dividend was Monday, December 16th.

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.