Short Interest in BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT) Grows By 68.0%

BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT) was the recipient of a significant growth in short interest during the month of January. As of January 30th, there was short interest totaling 6,725,166 shares, a growth of 68.0% from the January 15th total of 4,003,873 shares. Based on an average trading volume of 1,454,968 shares, the days-to-cover ratio is presently 4.6 days. Based on an average trading volume of 1,454,968 shares, the days-to-cover ratio is presently 4.6 days.

Insider Transactions at BlackRock Corporate High Yield Fund

In other news, Portfolio Manager David Delbos purchased 100,000 shares of the company’s stock in a transaction on Tuesday, February 3rd. The stock was bought at an average cost of $8.68 per share, for a total transaction of $868,000.00. Following the completion of the purchase, the portfolio manager directly owned 205,511 shares of the company’s stock, valued at $1,783,835.48. The trade was a 94.78% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink.

Hedge Funds Weigh In On BlackRock Corporate High Yield Fund

Hedge funds have recently made changes to their positions in the business. Newbridge Financial Services Group Inc. purchased a new stake in BlackRock Corporate High Yield Fund during the 3rd quarter worth $28,000. Kestra Advisory Services LLC purchased a new stake in shares of BlackRock Corporate High Yield Fund in the fourth quarter worth about $33,000. EverSource Wealth Advisors LLC grew its stake in shares of BlackRock Corporate High Yield Fund by 47.3% in the fourth quarter. EverSource Wealth Advisors LLC now owns 4,354 shares of the investment management company’s stock valued at $39,000 after buying an additional 1,399 shares in the last quarter. TFC Financial Management Inc. purchased a new stake in shares of BlackRock Corporate High Yield Fund during the 3rd quarter valued at about $50,000. Finally, Allworth Financial LP lifted its position in BlackRock Corporate High Yield Fund by 10,460.0% during the 2nd quarter. Allworth Financial LP now owns 5,280 shares of the investment management company’s stock worth $51,000 after acquiring an additional 5,230 shares in the last quarter.

BlackRock Corporate High Yield Fund Stock Down 0.8%

NYSE HYT opened at $8.86 on Friday. BlackRock Corporate High Yield Fund has a 1-year low of $7.84 and a 1-year high of $9.91. The business’s 50-day simple moving average is $8.96 and its 200-day simple moving average is $9.32.

BlackRock Corporate High Yield Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th will be paid a dividend of $0.0779 per share. This represents a c) annualized dividend and a yield of 10.6%. The ex-dividend date is Friday, March 13th.

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.