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

BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT) saw a significant increase in short interest in 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 trading volume of 969,622 shares, the short-interest ratio is currently 0.4 days.

BlackRock Corporate High Yield Fund Stock Performance

Shares of HYT stock opened at $7.79 on Friday. BlackRock Corporate High Yield Fund has a 1 year low of $7.70 and a 1 year high of $9.55. The stock’s 50 day simple moving average is $8.19 and its two-hundred day simple moving average is $8.42.

BlackRock Corporate High Yield Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, December 22nd. Stockholders of record on Friday, December 11th will be given a dividend of $0.0779 per share. The ex-dividend date of this dividend is Friday, December 11th. This represents a $0.93 annualized dividend and a dividend yield of 12.0%.

Institutional Trading of BlackRock Corporate High Yield Fund

Several hedge funds and other institutional investors have recently bought and sold shares of HYT. Rivernorth Capital Management LLC purchased a new position in shares of BlackRock Corporate High Yield Fund during the first quarter valued at approximately $50,265,000. Absolute Investment Advisers LLC purchased a new stake in shares of BlackRock Corporate High Yield Fund in the first quarter worth approximately $10,155,000. Yakira Capital Management Inc. purchased a new stake in shares of BlackRock Corporate High Yield Fund in the fourth quarter worth approximately $7,986,000. Bank of America Corp DE lifted its stake in shares of BlackRock Corporate High Yield Fund by 61.2% during the 1st quarter. Bank of America Corp DE now owns 854,832 shares of the investment management company’s stock worth $7,283,000 after acquiring an additional 324,525 shares during the last quarter. Finally, Rareview Capital LLC bought a new stake in shares of BlackRock Corporate High Yield Fund during the 1st quarter worth approximately $2,617,000.

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.