Kamunting Street Capital Management Exits Position in Blackrock Corporate High Yield Fund Inc (HYT)

Blackrock Corporate High Yield Fund Inc (HYT) : Kamunting Street Capital Management has sold out all of its stake in Blackrock Corporate High Yield Fund Inc during the most recent quarter, according to the disclosure filed by the company on Aug 15, 2016 with the SEC. The investment management company has sold out 20,100 shares of Blackrock Corporate High Yield Fund Inc which is valued at $217,482.

Other Hedge Funds, Including , Saba Capital Management sold out all of its stake in HYT during the most recent quarter. The investment firm sold 4,957,128 shares of HYT which is valued $53,636,125.Sii Investments Incwi reduced its stake in HYT by selling 13,462 shares or 31.55% in the most recent quarter. The Hedge Fund company now holds 29,204 shares of HYT which is valued at $315,403. Blackrock Corporate High Yield Fund Inc makes up approx 0.03% of Sii Investments Incwi’s portfolio.

Blackrock Corporate High Yield Fund Inc opened for trading at $10.94 and hit $10.98 on the upside on Wednesday, eventually ending the session at $10.95, with a gain of 0.37% or 0.04 points. The heightened volatility saw the trading volume jump to 296,521 shares. Company has a market cap of $403 M.

BlackRock Corporate High Yield Fund Inc (the Trust) is a closed-end management investment company. The Trust’s primary investment objective is to provide shareholders with current income. The Trust’s secondary investment objective is to provide shareholders with capital appreciation. The Trust seeks to achieve its objectives by investing under normal market conditions at least 80% of its assets in domestic and foreign high yield securities including high yield bonds corporate loans convertible debt securities and preferred securities which are below investment grade quality. The Trust may invest directly in such securities or synthetically through the use of derivatives. BlackRock Advisors LLC is the manager of the Trust.

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