HYT - Blackrock Corporate High Yield Fund Inc. Looks to Continue to Trade Above its Annual-High Share Price Today
Shares of Blackrock Corporate High Yield Fund Inc. (NYSE:HYT) traded today at $12.68, eclipsing its 52-week high. This new high was reached on below average trading volume as 145,000 shares traded hands, while the average 30-day volume is approximately 331,000 shares.
BlackRock Corporate High Yield Fund Inc is a diversified, closed-end management investment company. Its investment objective is to provide shareholders with current income and capital appreciation. The trust's secondary investment objective is to provide shareholders with capital appreciation. It seeks to achieve its objectives by investing primarily in a diversified portfolio of fixed-income securities.
In the past 52 weeks, shares of Blackrock Corporate High Yield Fund Inc. have traded between a low of $10.48 and a high of $12.68 and is now at $12.68, which is 21% above that low price.
Blackrock Corporate High Yield Fund Inc. (NYSE:HYT) is currently priced 0.6% above its average consensus analyst price target of $12.60.
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