Credit Suisse High Yield Bond Fund, Inc. (NYSEAMERICAN:DHY – Get Free Report) saw a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 157,021 shares, an increase of 160.6% from the September 30th total of 60,265 shares. Approximately 1.3% of the company’s stock are sold short. Based on an average daily volume of 78,800 shares, the short-interest ratio is currently 2.0 days.
Credit Suisse High Yield Bond Fund Stock Up 1.6%
Shares of DHY stock traded up $0.26 during trading hours on Thursday, reaching $16.62. 36,093 shares of the company traded hands, compared to its average volume of 83,096. Credit Suisse High Yield Bond Fund has a 12-month low of $15.00 and a 12-month high of $20.90. The firm has a 50-day moving average price of $16.51 and a 200 day moving average price of $17.90.
Credit Suisse High Yield Bond Fund Announces Dividend
The business also recently declared a monthly dividend, which was paid on Thursday, October 22nd. Shareholders of record on Thursday, October 15th were given a dividend of $0.1550 per share. This represents a $1.86 annualized dividend and a yield of 11.2%. The ex-dividend date of this dividend was Thursday, October 15th.
Hedge Funds Weigh In On Credit Suisse High Yield Bond Fund
A number of institutional investors have recently bought and sold shares of the company. Integrated Wealth Concepts LLC boosted its stake in Credit Suisse High Yield Bond Fund by 533.1% in the second quarter. Integrated Wealth Concepts LLC now owns 141,972 shares of the real estate investment trust’s stock valued at $253,000 after acquiring an additional 119,546 shares in the last quarter. Rareview Capital LLC purchased a new stake in Credit Suisse High Yield Bond Fund in the 2nd quarter valued at about $1,861,000. WealthTrust Asset Management LLC acquired a new position in Credit Suisse High Yield Bond Fund during the first quarter valued at approximately $41,000. Integrated Advisors Network LLC increased its position in shares of Credit Suisse High Yield Bond Fund by 129.4% during the first quarter. Integrated Advisors Network LLC now owns 97,380 shares of the real estate investment trust’s stock worth $185,000 after acquiring an additional 54,926 shares during the last quarter. Finally, Janney Montgomery Scott LLC grew its position in shares of Credit Suisse High Yield Bond Fund by 5.9% in the 1st quarter. Janney Montgomery Scott LLC now owns 158,866 shares of the real estate investment trust’s stock worth $302,000 after acquiring an additional 8,837 shares in the last quarter.
Credit Suisse High Yield Bond Fund Company Profile
Credit Suisse High Yield Bond Fund is a closed-end investment fund that seeks to provide a high level of current income, with capital appreciation as a secondary objective. The fund invests primarily in below-investment-grade corporate debt securities, commonly known as high-yield or “junk” bonds.
The fund’s portfolio may include bonds and other debt obligations issued by companies across a range of industries and geographic markets. These securities generally offer higher income potential than investment-grade bonds but also involve greater credit, interest-rate and market risks.
The fund was established to provide shareholders with professionally managed exposure to the high-yield bond market through a diversified portfolio.
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