Credit Suisse High Yield Bond Fund (NYSEAMERICAN:DHY) Stock Price Passes Below 200 Day Moving Average – Here’s Why

Credit Suisse High Yield Bond Fund, Inc. (NYSEAMERICAN:DHY)’s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $2.09 and traded as low as $2.00. Credit Suisse High Yield Bond Fund shares last traded at $2.01, with a volume of 215,043 shares changing hands.

Credit Suisse High Yield Bond Fund Trading Up 0.5%

The firm’s 50-day moving average is $2.07 and its 200 day moving average is $2.09.

Credit Suisse High Yield Bond Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, November 24th. Investors of record on Monday, November 17th will be paid a dividend of $0.0155 per share. This represents a c) dividend on an annualized basis and a yield of 9.3%. The ex-dividend date of this dividend is Monday, November 17th.

Institutional Investors Weigh In On Credit Suisse High Yield Bond Fund

A number of large investors have recently bought and sold shares of DHY. Adapt Wealth Advisors LLC bought a new stake in shares of Credit Suisse High Yield Bond Fund during the third quarter valued at approximately $31,000. Sheaff Brock Investment Advisors LLC grew its position in Credit Suisse High Yield Bond Fund by 33.3% in the 1st quarter. Sheaff Brock Investment Advisors LLC now owns 20,000 shares of the real estate investment trust’s stock valued at $42,000 after purchasing an additional 5,000 shares during the period. Allworth Financial LP bought a new stake in Credit Suisse High Yield Bond Fund during the 2nd quarter valued at $43,000. Integrity Advisory Solutions LLC acquired a new position in Credit Suisse High Yield Bond Fund during the third quarter worth $44,000. Finally, Osaic Holdings Inc. raised its holdings in Credit Suisse High Yield Bond Fund by 227.2% during the second quarter. Osaic Holdings Inc. now owns 24,628 shares of the real estate investment trust’s stock worth $52,000 after buying an additional 17,101 shares during the last quarter.

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.