Credit Suisse High Yield Bond Fund (NYSEAMERICAN:DHY) Stock Crosses Below Two Hundred Day Moving Average – Here’s Why

Credit Suisse High Yield Bond Fund, Inc. (NYSEAMERICAN:DHY) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $2.02 and traded as low as $1.85. Credit Suisse High Yield Bond Fund shares last traded at $1.89, with a volume of 811,484 shares.

Credit Suisse High Yield Bond Fund Trading Up 2.2%

The business has a 50-day moving average of $1.96 and a 200-day moving average of $2.02.

Credit Suisse High Yield Bond Fund Announces Dividend

The business also recently announced a monthly dividend, which was paid on Monday, March 23rd. Shareholders of record on Monday, March 16th were paid a dividend of $0.0155 per share. This represents a c) annualized dividend and a yield of 9.8%. The ex-dividend date of this dividend was Monday, March 16th.

Hedge Funds Weigh In On Credit Suisse High Yield Bond Fund

A number of hedge funds have recently made changes to their positions in the stock. Allworth Financial LP acquired a new stake in Credit Suisse High Yield Bond Fund in the 2nd quarter valued at approximately $43,000. Invesco Ltd. lifted its stake in Credit Suisse High Yield Bond Fund by 26.9% during the second quarter. Invesco Ltd. now owns 1,248,454 shares of the real estate investment trust’s stock worth $2,659,000 after purchasing an additional 264,382 shares in the last quarter. NewEdge Advisors LLC lifted its stake in Credit Suisse High Yield Bond Fund by 26.4% during the second quarter. NewEdge Advisors LLC now owns 94,664 shares of the real estate investment trust’s stock worth $202,000 after purchasing an additional 19,764 shares in the last quarter. Raymond James Financial Inc. boosted its position in shares of Credit Suisse High Yield Bond Fund by 200.0% during the second quarter. Raymond James Financial Inc. now owns 36,000 shares of the real estate investment trust’s stock worth $77,000 after buying an additional 24,000 shares during the period. Finally, Jane Street Group LLC purchased a new position in shares of Credit Suisse High Yield Bond Fund during the second quarter worth $89,000.

Credit Suisse High Yield Bond Fund Company Profile

The Credit Suisse High Yield Bond Fund (NYSEAMERICAN:DHY) is a closed-end management investment company that seeks to provide investors with high current income by primarily investing in below-investment-grade, U.S. dollar-denominated corporate debt securities. The fund offers exposure to a broad array of high-yield bonds issued by companies across various sectors, including industrials, communications, and financial services. It is structured to trade on the NYSE American exchange, enabling investors to gain intraday access to a diversified high-yield portfolio.

In managing its portfolio, the fund adheres to a disciplined credit research process that evaluates issuers’ fundamentals, cash flow profiles, and relative valuations.