BlackRock Corporate High Yield Fund (NYSE:HYT) Stock Price Crosses Below 200-Day Moving Average – Time to Sell?

BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $9.55 and traded as low as $9.04. BlackRock Corporate High Yield Fund shares last traded at $9.05, with a volume of 1,049,825 shares traded.

BlackRock Corporate High Yield Fund Stock Up 0.4%

The firm has a 50 day simple moving average of $9.38 and a 200-day simple moving average of $9.55.

BlackRock Corporate High Yield Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 22nd will be given a dividend of $0.0779 per share. The ex-dividend date of this dividend is Monday, December 22nd. This represents a c) dividend on an annualized basis and a yield of 10.3%.

Institutional Investors Weigh In On BlackRock Corporate High Yield Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Granite Investment Partners LLC lifted its stake in BlackRock Corporate High Yield Fund by 2.0% during the 2nd quarter. Granite Investment Partners LLC now owns 53,839 shares of the investment management company’s stock valued at $525,000 after acquiring an additional 1,076 shares during the period. Creative Planning raised its holdings in shares of BlackRock Corporate High Yield Fund by 6.8% during the third quarter. Creative Planning now owns 17,109 shares of the investment management company’s stock worth $163,000 after purchasing an additional 1,086 shares during the last quarter. Presper Financial Architects LLC lifted its position in BlackRock Corporate High Yield Fund by 1.3% during the third quarter. Presper Financial Architects LLC now owns 83,187 shares of the investment management company’s stock valued at $790,000 after purchasing an additional 1,108 shares during the period. Investmark Advisory Group LLC boosted its holdings in BlackRock Corporate High Yield Fund by 2.9% in the third quarter. Investmark Advisory Group LLC now owns 40,525 shares of the investment management company’s stock valued at $385,000 after purchasing an additional 1,125 shares during the last quarter. Finally, Stratos Wealth Partners LTD. boosted its holdings in BlackRock Corporate High Yield Fund by 5.0% in the third quarter. Stratos Wealth Partners LTD. now owns 24,415 shares of the investment management company’s stock valued at $232,000 after purchasing an additional 1,168 shares during the last quarter.

BlackRock Corporate High Yield Fund Company Profile

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.