BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT) Short Interest Down 33.6% in January

BlackRock Corporate High Yield Fund, Inc. (NYSE:HYTGet Free Report) was the recipient of a significant decrease in short interest during the month of January. As of January 31st, there was short interest totalling 730,900 shares, a decrease of 33.6% from the January 15th total of 1,100,000 shares. Based on an average daily volume of 530,700 shares, the short-interest ratio is currently 1.4 days.

BlackRock Corporate High Yield Fund Stock Up 0.1 %

NYSE:HYT opened at $9.72 on Tuesday. BlackRock Corporate High Yield Fund has a twelve month low of $8.18 and a twelve month high of $9.81. The stock’s 50-day simple moving average is $9.42 and its 200 day simple moving average is $9.01.

BlackRock Corporate High Yield Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, February 29th. Shareholders of record on Thursday, February 15th will be given a $0.0779 dividend. The ex-dividend date of this dividend is Wednesday, February 14th. This represents a $0.93 dividend on an annualized basis and a yield of 9.62%.

Institutional Investors Weigh In On BlackRock Corporate High Yield Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Raymond James Financial Services Advisors Inc. lifted its stake in shares of BlackRock Corporate High Yield Fund by 14.3% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 87,187 shares of the investment management company’s stock worth $939,000 after acquiring an additional 10,877 shares during the period. Cetera Investment Advisers boosted its stake in BlackRock Corporate High Yield Fund by 37.9% during the first quarter. Cetera Investment Advisers now owns 46,908 shares of the investment management company’s stock worth $505,000 after acquiring an additional 12,881 shares in the last quarter. Merit Financial Group LLC acquired a new position in shares of BlackRock Corporate High Yield Fund during the first quarter valued at about $215,000. NewEdge Advisors LLC grew its stake in shares of BlackRock Corporate High Yield Fund by 12.1% in the 1st quarter. NewEdge Advisors LLC now owns 83,402 shares of the investment management company’s stock valued at $898,000 after buying an additional 9,000 shares during the period. Finally, First Trust Advisors LP raised its stake in BlackRock Corporate High Yield Fund by 13.8% during the 1st quarter. First Trust Advisors LP now owns 134,659 shares of the investment management company’s stock worth $1,450,000 after buying an additional 16,351 shares during the period.

BlackRock Corporate High Yield Fund Company Profile

(Get Free Report)

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.

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