BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT) Stock Short Interest Jumps 53.9%

BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT) was the target of a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 407,367 shares, an increase of 53.9% from the August 31st total of 264,672 shares. Based on an average daily trading volume, of 969,622 shares, the short-interest ratio is currently 0.4 days.

Hedge Funds Weigh In On BlackRock Corporate High Yield Fund

A number of institutional investors have recently bought and sold shares of the stock. Ionic Capital Management LLC purchased a new stake in BlackRock Corporate High Yield Fund in the fourth quarter worth about $578,000. International Assets Investment Management LLC raised its stake in shares of BlackRock Corporate High Yield Fund by 55.1% in the first quarter. International Assets Investment Management LLC now owns 227,377 shares of the investment management company’s stock worth $1,944,000 after buying an additional 80,800 shares during the period. Rareview Capital LLC purchased a new position in shares of BlackRock Corporate High Yield Fund during the 1st quarter valued at about $2,617,000. Rose Capital Advisors LLC purchased a new position in shares of BlackRock Corporate High Yield Fund during the 2nd quarter valued at about $1,568,000. Finally, Riverbridge Partners LLC purchased a new position in shares of BlackRock Corporate High Yield Fund during the 1st quarter valued at about $591,000.

BlackRock Corporate High Yield Fund Trading Up 0.6%

HYT opened at $7.84 on Friday. The firm’s 50 day simple moving average is $8.18 and its two-hundred day simple moving average is $8.42. BlackRock Corporate High Yield Fund has a 1-year low of $7.70 and a 1-year high of $9.55.

BlackRock Corporate High Yield Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, December 22nd. Stockholders of record on Friday, December 11th will be paid a $0.0779 dividend. This represents a $0.93 annualized dividend and a dividend yield of 11.9%. The ex-dividend date is Friday, December 11th.

About BlackRock Corporate High Yield Fund

BlackRock Corporate High Yield Fund, Inc (NYSE: HYT) is a closed-end investment fund managed by BlackRock Advisors, LLC. The fund seeks to provide a high level of current income and, as a secondary objective, capital appreciation through investments in high-yield corporate debt securities.

The fund invests primarily in below-investment-grade bonds, commonly known as high-yield or “junk” bonds. Its portfolio may include senior and subordinated corporate debt, loans, notes and other fixed-income instruments issued by companies across a range of industries.