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

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

Insider Activity

In related news, Portfolio Manager David Delbos acquired 100,000 shares of the company’s stock in a transaction on Tuesday, February 3rd. The stock was purchased at an average cost of $8.68 per share, with a total value of $868,000.00. Following the acquisition, the portfolio manager directly owned 205,511 shares of the company’s stock, valued at approximately $1,783,835.48. The trade was a 94.78% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. International Assets Investment Management LLC increased its stake in BlackRock Corporate High Yield Fund by 8.4% in the second quarter. International Assets Investment Management LLC now owns 137,527 shares of the investment management company’s stock valued at $1,341,000 after purchasing an additional 10,650 shares in the last quarter. Brookstone Capital Management increased its position in BlackRock Corporate High Yield Fund by 9.1% in the 2nd quarter. Brookstone Capital Management now owns 20,669 shares of the investment management company’s stock valued at $202,000 after buying an additional 1,716 shares in the last quarter. World Investment Advisors increased its position in BlackRock Corporate High Yield Fund by 214.9% in the 2nd quarter. World Investment Advisors now owns 62,975 shares of the investment management company’s stock valued at $614,000 after buying an additional 42,975 shares in the last quarter. Allworth Financial LP raised its stake 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 buying an additional 5,230 shares during the period. Finally, Samalin Investment Counsel LLC boosted its holdings in BlackRock Corporate High Yield Fund by 9.2% in the second quarter. Samalin Investment Counsel LLC now owns 40,890 shares of the investment management company’s stock worth $399,000 after acquiring an additional 3,430 shares in the last quarter.

BlackRock Corporate High Yield Fund Stock Performance

Shares of BlackRock Corporate High Yield Fund stock traded down $0.08 on Friday, hitting $8.86. The stock had a trading volume of 1,262,772 shares, compared to its average volume of 1,419,566. The stock has a 50 day moving average of $8.96 and a 200 day moving average of $9.31. BlackRock Corporate High Yield Fund has a twelve month low of $7.84 and a twelve month high of $9.91.

BlackRock Corporate High Yield Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th will be given a $0.0779 dividend. The ex-dividend date is Friday, March 13th. This represents a c) dividend on an annualized basis and a dividend yield of 10.6%.

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.