Credit Suisse High Yield Bond Fund, Inc. (NYSEAMERICAN:DHY) Short Interest Update

by · The Markets Daily

Credit Suisse High Yield Bond Fund, Inc. (NYSEAMERICAN:DHY – Get Free Report) was the target of a large decline in short interest during the month of August. As of August 14th, there was short interest totaling 214,459 shares, a decline of 66.6% from the July 30th total of 642,616 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average daily volume of 716,871 shares, the short-interest ratio is currently 0.3 days.

Credit Suisse High Yield Bond Fund Price Performance

NYSEAMERICAN:DHY remained flat at $1.71 during midday trading on Friday. 734,777 shares of the company traded hands, compared to its average volume of 698,497. Credit Suisse High Yield Bond Fund has a 12-month low of $1.71 and a 12-month high of $2.13. The stock has a fifty day moving average of $1.75 and a two-hundred day moving average of $1.81.

Credit Suisse High Yield Bond Fund’s stock is set to reverse split on Wednesday, September 30th. The 1-10 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Tuesday, September 29th.

Credit Suisse High Yield Bond Fund Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Monday, August 24th. Investors of record on Monday, August 17th were issued a dividend of $0.0155 per share. This represents a c) annualized dividend and a yield of 10.9%. The ex-dividend date of this dividend was Monday, August 17th.

Institutional Trading of Credit Suisse High Yield Bond Fund

A number of institutional investors have recently modified their holdings of DHY. Rockefeller Capital Management L.P. purchased a new position in Credit Suisse High Yield Bond Fund in the fourth quarter worth $40,000. WealthTrust Asset Management LLC purchased a new position in shares of Credit Suisse High Yield Bond Fund in the 1st quarter valued at about $41,000. Landscape Capital Management L.L.C. purchased a new position in shares of Credit Suisse High Yield Bond Fund in the 4th quarter valued at about $51,000. Osaic Holdings Inc. lifted its stake in shares of Credit Suisse High Yield Bond Fund by 227.2% in the second quarter. Osaic Holdings Inc. now owns 24,628 shares of the real estate investment trust’s stock valued at $52,000 after purchasing an additional 17,101 shares during the period. Finally, Integrity Advisory Solutions LLC increased its holdings in Credit Suisse High Yield Bond Fund by 24.9% in the fourth quarter. Integrity Advisory Solutions LLC now owns 26,501 shares of the real estate investment trust’s stock valued at $53,000 after buying an additional 5,280 shares in the last quarter.

About Credit Suisse High Yield Bond Fund

(Get Free Report)

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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