BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT) Short Interest Update

BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT) was the target of a large growth in short interest in July. As of July 31st, there was short interest totaling 201,500 shares, agrowthof100.1% from the July 15th total of 100,700 shares. Based on an average daily volume of 596,600 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily volume of 596,600 shares, the days-to-cover ratio is currently 0.3 days.

BlackRock Corporate High Yield Fund Trading Down 0.1%

Shares of HYT opened at $9.70 on Friday. BlackRock Corporate High Yield Fund has a one year low of $7.84 and a one year high of $10.16. The company’s fifty day moving average price is $9.75 and its 200 day moving average price is $9.63.

BlackRock Corporate High Yield Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, August 29th. Investors of record on Friday, August 15th will be issued a $0.0779 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 9.6%. The ex-dividend date is Friday, August 15th.

Institutional Investors Weigh In On BlackRock Corporate High Yield Fund

A number of institutional investors and hedge funds have recently made changes to their positions in the business. McGowan Group Asset Management Inc. raised its holdings in shares of BlackRock Corporate High Yield Fund by 13.2% in the 2nd quarter. McGowan Group Asset Management Inc. now owns 3,773,668 shares of the investment management company’s stock worth $36,793,000 after acquiring an additional 440,349 shares during the last quarter. Invesco Ltd. raised its holdings in shares of BlackRock Corporate High Yield Fund by 1.9% in the 2nd quarter. Invesco Ltd. now owns 1,334,394 shares of the investment management company’s stock worth $13,010,000 after acquiring an additional 24,247 shares during the last quarter. MML Investors Services LLC raised its holdings in shares of BlackRock Corporate High Yield Fund by 0.9% in the 2nd quarter. MML Investors Services LLC now owns 992,083 shares of the investment management company’s stock worth $9,673,000 after acquiring an additional 8,754 shares during the last quarter. LPL Financial LLC raised its holdings in shares of BlackRock Corporate High Yield Fund by 2.2% in the 1st quarter. LPL Financial LLC now owns 954,053 shares of the investment management company’s stock worth $9,140,000 after acquiring an additional 20,928 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in shares of BlackRock Corporate High Yield Fund by 0.7% in the 2nd quarter. Ameriprise Financial Inc. now owns 827,792 shares of the investment management company’s stock worth $8,071,000 after acquiring an additional 5,739 shares during the last quarter.

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.