BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT) Short Interest Up 55.0% in September

BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT) was the recipient of a significant increase in short interest in the month of September. As of September 15th, there was short interest totalling 383,200 shares, an increase of 55.0% from the August 31st total of 247,300 shares. Based on an average trading volume of 456,800 shares, the short-interest ratio is presently 0.8 days.

BlackRock Corporate High Yield Fund Stock Performance

BlackRock Corporate High Yield Fund stock opened at $9.94 on Friday. BlackRock Corporate High Yield Fund has a 12 month low of $8.18 and a 12 month high of $10.16. The stock’s 50 day simple moving average is $9.88 and its two-hundred day simple moving average is $9.77.

BlackRock Corporate High Yield Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Thursday, October 31st. Investors of record on Tuesday, October 15th will be given a dividend of $0.0779 per share. The ex-dividend date of this dividend is Tuesday, October 15th. This represents a $0.93 annualized dividend and a yield of 9.40%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. B. Riley Wealth Advisors Inc. purchased a new position in shares of BlackRock Corporate High Yield Fund in the 4th quarter valued at about $97,000. Brookstone Capital Management acquired a new position in shares of BlackRock Corporate High Yield Fund during the 1st quarter worth approximately $153,000. Simplicity Wealth LLC purchased a new position in shares of BlackRock Corporate High Yield Fund during the 2nd quarter valued at approximately $364,000. Janney Montgomery Scott LLC grew its stake in BlackRock Corporate High Yield Fund by 321.5% in the 4th quarter. Janney Montgomery Scott LLC now owns 93,741 shares of the investment management company’s stock valued at $884,000 after acquiring an additional 71,502 shares during the period. Finally, Atomi Financial Group Inc. increased its holdings in BlackRock Corporate High Yield Fund by 39.4% in the 1st quarter. Atomi Financial Group Inc. now owns 18,750 shares of the investment management company’s stock worth $184,000 after acquiring an additional 5,300 shares in the last quarter.

BlackRock Corporate High Yield Fund Company Profile

BlackRock Corporate High Yield Fund, Inc is a close ended fixed income mutual fund launched by BlackRock, Inc The fund is managed by BlackRock Advisors, LLC. It invests in fixed income markets across the globe. The fund invests in bonds of companies operating across diversified sectors. It primarily invests in bonds rated Ba or lower by Moody's Investors Service, Inc, or BB or lower by Standard & Poor's Corporation.