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

BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT) saw a large growth in short interest during the month of August. As of August 14th, there was short interest totaling 404,620 shares, a growth of 61.0% from the July 30th total of 251,345 shares. Based on an average daily volume of 906,035 shares, the days-to-cover ratio is presently 0.4 days.

BlackRock Corporate High Yield Fund Stock Performance

Shares of HYT stock traded up $0.03 on Wednesday, hitting $8.27. 548,103 shares of the stock traded hands, compared to its average volume of 931,990. The company’s fifty day moving average is $8.40 and its 200 day moving average is $8.54. BlackRock Corporate High Yield Fund has a 1-year low of $8.22 and a 1-year high of $9.61.

BlackRock Corporate High Yield Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be paid a dividend of $0.0779 per share. This represents a c) dividend on an annualized basis and a yield of 11.3%. The ex-dividend date is Tuesday, September 15th.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in HYT. Creative Planning raised its position in shares of BlackRock Corporate High Yield Fund by 6.8% during the 3rd quarter. Creative Planning now owns 17,109 shares of the investment management company’s stock valued at $163,000 after acquiring an additional 1,086 shares during the last quarter. Granite Investment Partners LLC boosted its holdings in BlackRock Corporate High Yield Fund by 2.1% during the fourth quarter. Granite Investment Partners LLC now owns 56,123 shares of the investment management company’s stock worth $499,000 after purchasing an additional 1,174 shares during the last quarter. Mariner LLC raised its stake in shares of BlackRock Corporate High Yield Fund by 7.0% during the 4th quarter. Mariner LLC now owns 20,275 shares of the investment management company’s stock worth $180,000 after purchasing an additional 1,321 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of BlackRock Corporate High Yield Fund by 47.3% in the 4th quarter. EverSource Wealth Advisors LLC now owns 4,354 shares of the investment management company’s stock valued at $39,000 after purchasing an additional 1,399 shares during the period. Finally, Wealthcare Advisory Partners LLC lifted its holdings in BlackRock Corporate High Yield Fund by 8.3% during the 2nd quarter. Wealthcare Advisory Partners LLC now owns 18,275 shares of the investment management company’s stock valued at $156,000 after purchasing an additional 1,402 shares during the last quarter.

About BlackRock Corporate High Yield Fund

BlackRock Corporate High Yield Fund (NYSE: HYT) is a diversified, closed-end management investment company designed to offer investors exposure to the credit market’s higher-yielding segment. The fund primarily seeks to generate high current income by investing in below-investment-grade corporate debt securities across a broad range of industries. It may also allocate a portion of its assets to investment-grade bonds and cash equivalents, allowing for flexible portfolio positioning in response to market conditions.

HYT’s investment strategy emphasizes bottom-up credit research, focusing on issuers with strong cash flow potential and sound balance sheets relative to their high-yield peers.