Credit Suisse High Yield Bond Fund, Inc. (NYSEAMERICAN:DHY) Sees Large Growth in Short Interest

Credit Suisse High Yield Bond Fund, Inc. (NYSEAMERICAN:DHYGet Free Report) saw a large increase in short interest in July. As of July 31st, there was short interest totaling 642,616 shares, an increase of 179.5% from the July 15th total of 229,903 shares. Based on an average daily volume of 881,650 shares, the short-interest ratio is presently 0.7 days. Approximately 0.7% of the company’s shares are sold short.

Credit Suisse High Yield Bond Fund Trading Down 0.6%

NYSEAMERICAN DHY traded down $0.01 during trading hours on Friday, hitting $1.73. 1,047,601 shares of the company’s stock were exchanged, compared to its average volume of 788,549. The stock has a 50-day simple moving average of $1.75 and a 200 day simple moving average of $1.83. Credit Suisse High Yield Bond Fund has a 1-year low of $1.72 and a 1-year high of $2.13.

Credit Suisse High Yield Bond Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, August 24th. Shareholders of record on Monday, August 17th will be issued a dividend of $0.0155 per share. This represents a c) dividend on an annualized basis and a dividend yield of 10.8%. The ex-dividend date is Monday, August 17th.

Institutional Trading of Credit Suisse High Yield Bond Fund

Several hedge funds have recently modified their holdings of DHY. Invesco Ltd. lifted its position in shares of Credit Suisse High Yield Bond Fund by 26.9% during the 2nd quarter. Invesco Ltd. now owns 1,248,454 shares of the real estate investment trust’s stock valued at $2,659,000 after acquiring an additional 264,382 shares during the period. NewEdge Advisors LLC boosted 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 acquiring an additional 19,764 shares in the last quarter. Raymond James Financial Inc. grew its holdings in Credit Suisse High Yield Bond Fund by 200.0% in the second quarter. Raymond James Financial Inc. now owns 36,000 shares of the real estate investment trust’s stock worth $77,000 after purchasing an additional 24,000 shares during the period. Jane Street Group LLC acquired a new stake in Credit Suisse High Yield Bond Fund in the second quarter worth $89,000. Finally, Bank of America Corp DE increased its stake in Credit Suisse High Yield Bond Fund by 19.6% in the second quarter. Bank of America Corp DE now owns 68,345 shares of the real estate investment trust’s stock valued at $146,000 after purchasing an additional 11,197 shares in the last quarter.

About Credit Suisse High Yield Bond Fund

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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.

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