Short Interest in BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT) Drops By 5.3%

BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT) was the recipient of a large decline in short interest in the month of November. As of November 30th, there was short interest totalling 343,100 shares, a decline of 5.3% from the November 15th total of 362,200 shares. Based on an average daily trading volume, of 507,800 shares, the days-to-cover ratio is presently 0.7 days.

Institutional Investors Weigh In On BlackRock Corporate High Yield Fund

Hedge funds and other institutional investors have recently modified their holdings of the company. CWM LLC boosted its stake in BlackRock Corporate High Yield Fund by 17.5% in the third quarter. CWM LLC now owns 7,221 shares of the investment management company’s stock valued at $73,000 after acquiring an additional 1,074 shares in the last quarter. Concourse Financial Group Securities Inc. boosted its position in shares of BlackRock Corporate High Yield Fund by 77.2% in the 3rd quarter. Concourse Financial Group Securities Inc. now owns 8,682 shares of the investment management company’s stock valued at $87,000 after purchasing an additional 3,782 shares during the period. Cullen Frost Bankers Inc. grew its stake in BlackRock Corporate High Yield Fund by 100.0% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 10,000 shares of the investment management company’s stock worth $97,000 after buying an additional 5,000 shares during the last quarter. Sanctuary Advisors LLC acquired a new position in BlackRock Corporate High Yield Fund during the second quarter worth approximately $106,000. Finally, Tyler Stone Wealth Management lifted its stake in BlackRock Corporate High Yield Fund by 100.0% in the third quarter. Tyler Stone Wealth Management now owns 10,648 shares of the investment management company’s stock valued at $107,000 after buying an additional 5,324 shares during the last quarter.

BlackRock Corporate High Yield Fund Trading Down 0.8 %

NYSE HYT opened at $9.82 on Wednesday. BlackRock Corporate High Yield Fund has a twelve month low of $9.20 and a twelve month high of $10.16. The stock has a fifty day simple moving average of $9.91 and a 200-day simple moving average of $9.86.

BlackRock Corporate High Yield Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 16th will be issued a $0.0779 dividend. The ex-dividend date is Monday, December 16th. This represents a $0.93 annualized dividend and a yield of 9.52%.

About BlackRock Corporate High Yield Fund

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.