Credit Suisse High Yield Bond Fund (NYSEAMERICAN:DHY) Stock Crosses Above Fifty Day Moving Average of $0.00

Credit Suisse High Yield Bond Fund, Inc. (NYSEAMERICAN:DHYGet Rating)’s stock price crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $0.00 and traded as high as $1.90. Credit Suisse High Yield Bond Fund shares last traded at $1.89, with a volume of 23,314 shares changing hands.

Credit Suisse High Yield Bond Fund Price Performance

Credit Suisse High Yield Bond Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, January 25th. Investors of record on Thursday, January 19th will be paid a $0.0155 dividend. The ex-dividend date of this dividend is Wednesday, January 18th. This represents a $0.19 annualized dividend and a dividend yield of 9.84%.

Institutional Investors Weigh In On Credit Suisse High Yield Bond Fund

Several large investors have recently made changes to their positions in DHY. Joseph P. Lucia & Associates LLC boosted its position in Credit Suisse High Yield Bond Fund by 4.5% during the third quarter. Joseph P. Lucia & Associates LLC now owns 136,220 shares of the real estate investment trust’s stock worth $240,000 after purchasing an additional 5,850 shares during the period. Integrated Capital Management Inc. boosted its position in Credit Suisse High Yield Bond Fund by 9.0% during the second quarter. Integrated Capital Management Inc. now owns 84,571 shares of the real estate investment trust’s stock worth $159,000 after purchasing an additional 6,957 shares during the period. Royal Bank of Canada boosted its position in Credit Suisse High Yield Bond Fund by 4.7% during the third quarter. Royal Bank of Canada now owns 154,089 shares of the real estate investment trust’s stock worth $271,000 after purchasing an additional 6,961 shares during the period. MML Investors Services LLC boosted its position in Credit Suisse High Yield Bond Fund by 54.5% during the third quarter. MML Investors Services LLC now owns 19,837 shares of the real estate investment trust’s stock worth $35,000 after purchasing an additional 6,996 shares during the period. Finally, NewEdge Advisors LLC boosted its position in Credit Suisse High Yield Bond Fund by 3.7% during the second quarter. NewEdge Advisors LLC now owns 289,900 shares of the real estate investment trust’s stock worth $548,000 after purchasing an additional 10,300 shares during the period. Institutional investors own 13.43% of the company’s stock.

About Credit Suisse High Yield Bond Fund

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Credit Suisse High Yield Bond Fund, Inc is a closed ended fixed income mutual fund launched and managed by Credit Suisse Asset Management, LLC. The fund invests in the fixed income markets of the United States. It invests in the securities of companies across diversified sectors. The fund primarily invests in below-investment-grade corporate bonds with an average credit quality lower than BBB by Standard & Poor's and an average duration of 5.07 years.

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