Short Interest in BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT) Drops By 8.7%

BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT) was the recipient of a significant drop in short interest during the month of December. As of December 15th, there was short interest totalling 313,400 shares, a drop of 8.7% from the November 30th total of 343,100 shares. Based on an average daily volume of 497,200 shares, the short-interest ratio is presently 0.6 days.

BlackRock Corporate High Yield Fund Stock Performance

NYSE HYT traded up $0.10 during trading hours on Wednesday, reaching $9.81. The company’s stock had a trading volume of 748,822 shares, compared to its average volume of 442,197. The company’s 50-day moving average is $9.87 and its two-hundred day moving average is $9.86. BlackRock Corporate High Yield Fund has a 1-year low of $9.21 and a 1-year high of $10.16.

BlackRock Corporate High Yield Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Monday, December 23rd. Investors of record on Monday, December 16th were issued a $0.0779 dividend. This represents a $0.93 dividend on an annualized basis and a yield of 9.53%. The ex-dividend date of this dividend was Monday, December 16th.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Pathway Financial Advisers LLC boosted its position in BlackRock Corporate High Yield Fund by 950.2% in the 3rd quarter. Pathway Financial Advisers LLC now owns 1,876,286 shares of the investment management company’s stock valued at $187,000 after buying an additional 1,697,620 shares during the period. International Assets Investment Management LLC acquired a new position in BlackRock Corporate High Yield Fund during the 3rd quarter worth $33,316,000. MML Investors Services LLC raised its position in BlackRock Corporate High Yield Fund by 42.7% in the 3rd quarter. MML Investors Services LLC now owns 250,496 shares of the investment management company’s stock valued at $2,520,000 after purchasing an additional 74,997 shares in the last quarter. HighTower Advisors LLC increased its stake in shares of BlackRock Corporate High Yield Fund by 80.1% during the third quarter. HighTower Advisors LLC now owns 143,237 shares of the investment management company’s stock worth $1,438,000 after buying an additional 63,720 shares during the period. Finally, Cornerstone Advisors LLC acquired a new stake in BlackRock Corporate High Yield Fund in the third quarter valued at approximately $628,000.

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.