Short Interest in Credit Suisse High Yield Bond Fund, Inc. (NYSEAMERICAN:DHY) Drops By 62.5%

by · The Markets Daily

Credit Suisse High Yield Bond Fund, Inc. (NYSEAMERICAN:DHYGet Free Report) was the target of a large decrease in short interest in June. As of June 15th, there was short interest totaling 86,047 shares, a decrease of 62.5% from the May 31st total of 229,477 shares. Based on an average daily volume of 551,831 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the company’s shares are sold short.

Insider Buying and Selling

In related news, insider Charles Gerber bought 16,000 shares of the company’s stock in a transaction dated Thursday, April 16th. The stock was purchased at an average cost of $1.88 per share, with a total value of $30,080.00. Following the transaction, the insider owned 16,000 shares in the company, valued at approximately $30,080. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 14.35% of the company’s stock.

Institutional Investors Weigh In On Credit Suisse High Yield Bond Fund

Several hedge funds have recently made changes to their positions in the company. WealthTrust Asset Management LLC purchased a new stake in Credit Suisse High Yield Bond Fund in the first quarter worth $41,000. Integrated Advisors Network LLC lifted its position in 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 valued at $185,000 after buying an additional 54,926 shares during the period. Janney Montgomery Scott LLC lifted its position in Credit Suisse High Yield Bond Fund by 5.9% during the first quarter. Janney Montgomery Scott LLC now owns 158,866 shares of the real estate investment trust’s stock valued at $302,000 after buying an additional 8,837 shares during the period. Rockefeller Capital Management L.P. bought a new stake in shares of Credit Suisse High Yield Bond Fund during the 4th quarter valued at $40,000. Finally, World Investment Advisors bought a new stake in shares of Credit Suisse High Yield Bond Fund during the 4th quarter valued at $106,000.

Credit Suisse High Yield Bond Fund Price Performance

DHY stock traded up $0.03 during trading on Tuesday, reaching $1.78. The company had a trading volume of 1,336,492 shares, compared to its average volume of 668,420. Credit Suisse High Yield Bond Fund has a 52 week low of $1.72 and a 52 week high of $2.15. The business has a 50 day moving average of $1.76 and a 200 day moving average of $1.89.

Credit Suisse High Yield Bond Fund Announces Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, June 23rd. Stockholders of record on Monday, June 15th were given a $0.0155 dividend. The ex-dividend date of this dividend was Monday, June 15th. This represents a c) annualized dividend and a dividend yield of 10.4%.

Credit Suisse High Yield Bond Fund Company Profile

(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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