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

BlackRock Corporate High Yield Fund, Inc. (NYSE:HYTGet Free Report) was the target of a significant decline in short interest in May. As of May 29th, there was short interest totaling 182,075 shares, a decline of 58.0% from the May 14th total of 433,809 shares. Based on an average daily volume of 804,375 shares, the days-to-cover ratio is currently 0.2 days.

BlackRock Corporate High Yield Fund Stock Up 0.2%

Shares of NYSE:HYT opened at $8.58 on Friday. BlackRock Corporate High Yield Fund has a 1-year low of $8.22 and a 1-year high of $9.88. The firm’s 50 day simple moving average is $8.60 and its two-hundred day simple moving average is $8.80.

BlackRock Corporate High Yield Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be issued a dividend of $0.0779 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a c) annualized dividend and a yield of 10.9%.

Hedge Funds Weigh In On BlackRock Corporate High Yield Fund

Several large investors have recently added to or reduced their stakes in HYT. Invesco Ltd. lifted its holdings in BlackRock Corporate High Yield Fund by 1.9% during the second quarter. Invesco Ltd. now owns 1,334,394 shares of the investment management company’s stock valued at $13,010,000 after purchasing an additional 24,247 shares in the last quarter. Raymond James Financial Inc. lifted its holdings in shares of BlackRock Corporate High Yield Fund by 4.2% in the second quarter. Raymond James Financial Inc. now owns 177,549 shares of the investment management company’s stock worth $1,731,000 after buying an additional 7,156 shares in the last quarter. Jane Street Group LLC purchased a new position in shares of BlackRock Corporate High Yield Fund in the second quarter worth $573,000. Ameriprise Financial Inc. lifted its holdings in shares of BlackRock Corporate High Yield Fund by 0.7% in the second quarter. Ameriprise Financial Inc. now owns 827,792 shares of the investment management company’s stock worth $8,071,000 after buying an additional 5,739 shares in the last quarter. Finally, MML Investors Services LLC lifted its holdings in shares of BlackRock Corporate High Yield Fund by 0.9% in the second quarter. MML Investors Services LLC now owns 992,083 shares of the investment management company’s stock worth $9,673,000 after buying an additional 8,754 shares in the last quarter.

About BlackRock Corporate High Yield Fund

(Get Free Report)

BlackRock Corporate High Yield Fund (NYSE: HYT) is a diversified, closed-end management investment company designed to offer investors exposure to the credit market’s higher-yielding segment. The fund primarily seeks to generate high current income by investing in below-investment-grade corporate debt securities across a broad range of industries. It may also allocate a portion of its assets to investment-grade bonds and cash equivalents, allowing for flexible portfolio positioning in response to market conditions.

HYT’s investment strategy emphasizes bottom-up credit research, focusing on issuers with strong cash flow potential and sound balance sheets relative to their high-yield peers.

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