Credit Suisse High Yield Bond Fund, Inc. (NYSEAMERICAN:DHY) Short Interest Update

Credit Suisse High Yield Bond Fund, Inc. (NYSEAMERICAN:DHY) saw a significant increase in short interest in the month of March. As of March 31st, there was short interest totalling 177,500 shares, an increase of 34.9% from the March 15th total of 131,600 shares. Based on an average daily trading volume, of 410,000 shares, the days-to-cover ratio is currently 0.4 days.

Credit Suisse High Yield Bond Fund Price Performance

Shares of DHY stock opened at $1.97 on Monday. The stock has a fifty day moving average of $2.09 and a 200 day moving average of $2.11. Credit Suisse High Yield Bond Fund has a 52 week low of $1.82 and a 52 week high of $2.27.

Credit Suisse High Yield Bond Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Tuesday, April 15th will be paid a dividend of $0.0155 per share. This represents a $0.19 dividend on an annualized basis and a dividend yield of 9.44%. The ex-dividend date is Tuesday, April 15th.

Insider Activity at Credit Suisse High Yield Bond Fund

In other Credit Suisse High Yield Bond Fund news, insider Laura A. Defelice acquired 56,801 shares of the business’s stock in a transaction dated Tuesday, January 21st. The shares were purchased at an average cost of $2.13 per share, for a total transaction of $120,986.13. Following the transaction, the insider now owns 66,653 shares in the company, valued at $141,970.89. This represents a 576.54 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 14.35% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Credit Suisse High Yield Bond Fund

Hedge funds and other institutional investors have recently modified their holdings of the stock. Raymond James Financial Inc. bought a new position in shares of Credit Suisse High Yield Bond Fund in the 4th quarter worth about $26,000. Avantax Advisory Services Inc. bought a new position in shares of Credit Suisse High Yield Bond Fund during the fourth quarter valued at approximately $50,000. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Credit Suisse High Yield Bond Fund during the first quarter valued at approximately $54,000. Integrated Advisors Network LLC boosted its position in shares of Credit Suisse High Yield Bond Fund by 216.9% in the 4th quarter. Integrated Advisors Network LLC now owns 37,964 shares of the real estate investment trust’s stock worth $81,000 after purchasing an additional 25,984 shares in the last quarter. Finally, Apollon Wealth Management LLC purchased a new stake in shares of Credit Suisse High Yield Bond Fund in the 4th quarter worth approximately $92,000.

Credit Suisse High Yield Bond Fund Company Profile

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.