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

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

Institutional Investors Weigh In On BlackRock Corporate High Yield Fund

A number of institutional investors have recently added to or reduced their stakes in the company. CWM LLC boosted its stake in shares of BlackRock Corporate High Yield Fund by 17.5% in the 3rd quarter. CWM LLC now owns 7,221 shares of the investment management company’s stock worth $73,000 after buying an additional 1,074 shares during the last quarter. RDA Financial Network lifted its holdings in BlackRock Corporate High Yield Fund by 0.8% during the third quarter. RDA Financial Network now owns 165,659 shares of the investment management company’s stock worth $1,667,000 after acquiring an additional 1,325 shares during the period. Sanctuary Advisors LLC lifted its holdings in BlackRock Corporate High Yield Fund by 20.7% during the third quarter. Sanctuary Advisors LLC now owns 13,239 shares of the investment management company’s stock worth $131,000 after acquiring an additional 2,271 shares during the period. Future Financial Wealth Managment LLC boosted its position in BlackRock Corporate High Yield Fund by 4.5% in the third quarter. Future Financial Wealth Managment LLC now owns 56,561 shares of the investment management company’s stock worth $569,000 after purchasing an additional 2,417 shares during the last quarter. Finally, Atomi Financial Group Inc. grew its stake in BlackRock Corporate High Yield Fund by 11.9% in the 3rd quarter. Atomi Financial Group Inc. now owns 23,000 shares of the investment management company’s stock valued at $231,000 after purchasing an additional 2,450 shares during the period.

BlackRock Corporate High Yield Fund Price Performance

HYT traded up $0.10 during mid-day trading on Wednesday, reaching $9.81. 748,822 shares of the stock were exchanged, compared to its average volume of 442,197. BlackRock Corporate High Yield Fund has a 1 year low of $9.21 and a 1 year high of $10.16. The company has a 50 day moving average price of $9.87 and a two-hundred day moving average price of $9.86.

BlackRock Corporate High Yield Fund Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Monday, December 23rd. Investors of record on Monday, December 16th were issued a dividend of $0.0779 per share. This represents a $0.93 annualized dividend and a yield of 9.53%. The ex-dividend date was Monday, December 16th.

About BlackRock Corporate High Yield Fund

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.