Credit Suisse High Yield Bond Fund (NYSEAMERICAN:DHY) Stock Crosses Below 200-Day Moving Average – Should You Sell?

Credit Suisse High Yield Bond Fund, Inc. (NYSEAMERICAN:DHY) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $2.10 and traded as low as $1.99. Credit Suisse High Yield Bond Fund shares last traded at $1.99, with a volume of 735,296 shares trading hands.

Credit Suisse High Yield Bond Fund Trading Down 1.0 %

The company has a 50 day moving average of $2.08 and a 200 day moving average of $2.10.

Credit Suisse High Yield Bond Fund Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, April 23rd. Stockholders of record on Tuesday, April 15th were given a dividend of $0.0155 per share. This represents a $0.19 annualized dividend and a dividend yield of 9.35%. The ex-dividend date of this dividend was Tuesday, April 15th.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in DHY. Raymond James Financial Inc. acquired a new position in Credit Suisse High Yield Bond Fund during the fourth quarter worth $26,000. Avantax Advisory Services Inc. acquired a new position in Credit Suisse High Yield Bond Fund during the fourth quarter worth $50,000. Wealth Enhancement Advisory Services LLC acquired a new position in Credit Suisse High Yield Bond Fund during the first quarter worth $54,000. Integrated Advisors Network LLC raised its holdings in Credit Suisse High Yield Bond Fund by 216.9% during the fourth 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 during the last quarter. Finally, Apollon Wealth Management LLC acquired a new position in Credit Suisse High Yield Bond Fund during the fourth quarter worth $92,000.

About Credit Suisse High Yield Bond Fund

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.