MFA Financial Inc. Stock Underperforms Thursday When Compared To Competitors

BlackRock Corporate High Yield Fund, Inc

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BlackRock Corporate High Yield Fund, Inc. (the Trust) is a diversified closed-end management investment company. Its investment objective is to provide shareholders with current income. Its 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, which are rated at the time of investment to be below investment grade or, if unrated, are considered by the investment adviser to be of comparable quality. It may invest directly in fixed income securities or synthetically through the use of derivatives. It invests approximately 80% of its net assets (including assets acquired from the sale of preferred stock), plus the amount of any borrowings for investment purposes, in high yield securities, including high yield bonds, corporate loans, convertible debt securities and preferred securities. BlackRock Advisors, LLC is the investment advisor of the Trust.

MFA Financial Inc. Stock Underperforms Thursday When Compared To Competitors

5:07 pm ET March 31, 2022 (MarketWatch) Print

This article was automatically generated by MarketWatch using technology from Automated Insights.

Shares of MFA Financial Inc. (MFA) sank 0.74% to $4.03 Thursday, on what proved to be an all-around poor trading session for the stock market, with the NASDAQ Composite Index falling 1.54% to 14,220.52 and Dow Jones Industrial Average falling 1.56% to 34,678.35. This was the stock's second consecutive day of losses. MFA Financial Inc. closed $0.87 below its 52-week high ($4.90), which the company achieved on June 9th.

The stock underperformed when compared to some of its competitors Thursday, as PennyMac Mortgage Investment Trust (PMT) rose 0.06% to $16.89, Invesco Mortgage Capital Inc. (IVR) remained unchanged, and New York Mortgage Trust Inc. (NYMT) remained unchanged. Trading volume (4.0 M) remained 132,939 below its 50-day average volume of 4.2 M.

Data source: Dow Jones Market Data, FactSet. Data compiled March 31, 2022.

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March 31, 2022 17:07 ET (21:07 GMT)