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

BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT) saw a large increase in short interest in 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 trading 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 institutional investors and hedge funds have recently bought and sold shares of HYT. Larson Financial Group LLC boosted its stake in BlackRock Corporate High Yield Fund by 228.0% during the fourth quarter. Larson Financial Group LLC now owns 3,500 shares of the investment management company’s stock worth $34,000 after buying an additional 2,433 shares during the last quarter. Jackson Hole Capital Partners LLC purchased a new position in shares of BlackRock Corporate High Yield Fund during the 4th quarter worth $99,000. Two Sigma Securities LLC acquired a new position in shares of BlackRock Corporate High Yield Fund during the 4th quarter valued at about $99,000. Gladstone Institutional Advisory LLC purchased a new stake in shares of BlackRock Corporate High Yield Fund in the fourth quarter valued at about $100,000. Finally, Concourse Financial Group Securities Inc. grew its holdings in shares of BlackRock Corporate High Yield Fund by 31.9% in the fourth quarter. Concourse Financial Group Securities Inc. now owns 11,455 shares of the investment management company’s stock valued at $113,000 after purchasing an additional 2,773 shares during the period.

BlackRock Corporate High Yield Fund Stock Performance

Shares of NYSE HYT traded up $0.02 during midday trading on Friday, hitting $9.60. The stock had a trading volume of 419,461 shares, compared to its average volume of 485,244. The stock has a 50 day simple moving average of $9.78 and a 200-day simple moving average of $9.85. BlackRock Corporate High Yield Fund has a 1 year low of $9.21 and a 1 year high of $10.16.

BlackRock Corporate High Yield Fund Announces Dividend

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

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.