BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT) Short Interest Up 600.8% in September

BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT) was the target of a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 178,000 shares, an increase of 600.8% from the August 31st total of 25,400 shares. Based on an average trading volume of 736,500 shares, the days-to-cover ratio is presently 0.2 days. Based on an average trading volume of 736,500 shares, the days-to-cover ratio is presently 0.2 days.

Hedge Funds Weigh In On BlackRock Corporate High Yield Fund

Institutional investors have recently bought and sold shares of the business. US Bancorp DE increased its holdings in BlackRock Corporate High Yield Fund by 300.0% during the first quarter. US Bancorp DE now owns 4,000 shares of the investment management company’s stock valued at $38,000 after buying an additional 3,000 shares during the period. Elequin Capital LP purchased a new position in BlackRock Corporate High Yield Fund during the first quarter valued at approximately $43,000. Allworth Financial LP increased its holdings in BlackRock Corporate High Yield Fund by 10,460.0% during the second quarter. Allworth Financial LP now owns 5,280 shares of the investment management company’s stock valued at $51,000 after buying an additional 5,230 shares during the period. Ameritas Advisory Services LLC purchased a new position in BlackRock Corporate High Yield Fund during the second quarter valued at approximately $75,000. Finally, Oliver Lagore Vanvalin Investment Group purchased a new position in BlackRock Corporate High Yield Fund during the second quarter valued at approximately $96,000.

BlackRock Corporate High Yield Fund Stock Down 0.4%

Shares of NYSE:HYT opened at $9.49 on Friday. The firm’s 50 day simple moving average is $9.60 and its 200-day simple moving average is $9.56. BlackRock Corporate High Yield Fund has a one year low of $7.84 and a one year high of $10.05.

BlackRock Corporate High Yield Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, October 31st. Investors of record on Wednesday, October 15th will be issued a dividend of $0.0779 per share. This represents a c) annualized dividend and a yield of 9.9%. The ex-dividend date of this dividend is Wednesday, October 15th.

BlackRock Corporate High Yield Fund Company Profile

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.