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

Credit Suisse High Yield Bond Fund, Inc. (NYSEAMERICAN:DHY) shares crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $2.01 and traded as low as $1.83. Credit Suisse High Yield Bond Fund shares last traded at $1.90, with a volume of 1,158,495 shares trading hands.

Credit Suisse High Yield Bond Fund Stock Up 3.8%

The company has a 50 day moving average price of $1.94 and a 200-day moving average price of $2.01.

Credit Suisse High Yield Bond Fund Dividend Announcement

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Wells Fargo & Company MN increased its position in Credit Suisse High Yield Bond Fund by 17.5% during the 4th quarter. Wells Fargo & Company MN now owns 608,262 shares of the real estate investment trust’s stock worth $1,217,000 after purchasing an additional 90,611 shares in the last quarter. Equitable Holdings Inc. boosted its position in Credit Suisse High Yield Bond Fund by 34.6% in the fourth quarter. Equitable Holdings Inc. now owns 73,417 shares of the real estate investment trust’s stock valued at $147,000 after buying an additional 18,872 shares in the last quarter. Boothbay Fund Management LLC bought a new stake in shares of Credit Suisse High Yield Bond Fund during the fourth quarter worth $77,000. Raymond James Financial Inc. grew its stake 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 last quarter. Finally, IHT Wealth Management LLC acquired a new position in shares of Credit Suisse High Yield Bond Fund during the fourth quarter worth $74,000.

About Credit Suisse High Yield Bond Fund

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.