BlackRock High Yield Instl (BHYIX)
BlackRock High Yield Instl operates in the Asset Management industry of the Financial Services sector, headquartered in Wilmington, DE, US. The stock last traded at $6.96, down 0.14% on the session, giving a market capitalisation of $26.97B. Its beta of 0.59 implies it has historically moved less than the broad market.
This fund typically dedicates a significant portion, at least 80% of its net assets (including any capital acquired through borrowing for investment), to high-yield instruments or other financial products that share similar economic traits. It has the discretion to allocate up to 30% of its total assets to fixed-income securities issued by entities outside the United States, which are denominated in non-U.S. currencies. The foreign currency exposure from these international bond holdings can either be managed through hedging strategies or remain unhedged. Additionally, the fund is authorized to invest in convertible debt and preferred stock.
BlackRock High Yield Instl is most often compared with the following Financial Services names: