BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT) Short Interest Up 77.9% in February

BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT) was the target of a significant growth in short interest in February. As of February 15th, there was short interest totalling 520,900 shares, a growth of 77.9% from the January 31st total of 292,800 shares. Based on an average daily trading volume, of 580,400 shares, the days-to-cover ratio is presently 0.9 days.

BlackRock Corporate High Yield Fund Stock Up 0.1 %

Shares of NYSE HYT opened at $9.89 on Tuesday. BlackRock Corporate High Yield Fund has a fifty-two week low of $9.21 and a fifty-two week high of $10.16. The business has a fifty day moving average price of $9.82 and a two-hundred day moving average price of $9.88.

BlackRock Corporate High Yield Fund Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were given a dividend of $0.0779 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.93 annualized dividend and a yield of 9.45%.

Institutional Investors Weigh In On BlackRock Corporate High Yield Fund

A number of large investors have recently bought and sold shares of HYT. Invesco Ltd. lifted its holdings in shares of BlackRock Corporate High Yield Fund by 18.2% during the 4th quarter. Invesco Ltd. now owns 1,237,705 shares of the investment management company’s stock worth $12,142,000 after acquiring an additional 190,900 shares during the period. LPL Financial LLC raised its position in BlackRock Corporate High Yield Fund by 0.9% during the fourth quarter. LPL Financial LLC now owns 933,125 shares of the investment management company’s stock valued at $9,154,000 after purchasing an additional 8,285 shares in the last quarter. Bank of America Corp DE lifted its stake in BlackRock Corporate High Yield Fund by 6.2% during the fourth quarter. Bank of America Corp DE now owns 789,993 shares of the investment management company’s stock worth $7,750,000 after purchasing an additional 45,990 shares during the last quarter. Guggenheim Capital LLC boosted its holdings in shares of BlackRock Corporate High Yield Fund by 23.0% in the 4th quarter. Guggenheim Capital LLC now owns 775,043 shares of the investment management company’s stock valued at $7,603,000 after purchasing an additional 145,035 shares in the last quarter. Finally, Commonwealth Equity Services LLC increased its stake in shares of BlackRock Corporate High Yield Fund by 12.9% in the 4th quarter. Commonwealth Equity Services LLC now owns 363,340 shares of the investment management company’s stock valued at $3,564,000 after purchasing an additional 41,563 shares during the last quarter.

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.