Credit Suisse High Yield Bond Fund (NYSE:DHY) was the target of a significant increase in short interest in June. As of June 30th, there was short interest totalling 707,068 shares, an increase of 88.2% from the June 15th total of 375,640 shares. Approximately 0.8% of the company’s stock are sold short. Based on an average trading volume of 262,822 shares, the days-to-cover ratio is currently 2.7 days.

Shares of Credit Suisse High Yield Bond Fund (NYSE:DHY) opened at 2.86 on Monday. Credit Suisse High Yield Bond Fund has a one year low of $2.17 and a one year high of $2.91. The firm has a 50-day moving average price of $2.85 and a 200 day moving average price of $2.78.

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, August 22nd. Stockholders of record on Wednesday, August 16th will be given a dividend of $0.022 per share. The ex-dividend date of this dividend is Monday, August 14th. This represents a $0.26 annualized dividend and a dividend yield of 9.23%.

Several institutional investors have recently modified their holdings of DHY. IFC Holdings Incorporated FL increased its position in shares of Credit Suisse High Yield Bond Fund by 27.1% in the second quarter. IFC Holdings Incorporated FL now owns 160,597 shares of the real estate investment trust’s stock valued at $451,000 after buying an additional 34,256 shares in the last quarter. Advisors Asset Management Inc. increased its position in shares of Credit Suisse High Yield Bond Fund by 17.4% in the second quarter. Advisors Asset Management Inc. now owns 958,903 shares of the real estate investment trust’s stock valued at $2,714,000 after buying an additional 142,187 shares in the last quarter. Finally, Stratos Wealth Partners LTD. acquired a new position in shares of Credit Suisse High Yield Bond Fund during the second quarter valued at about $458,000.

COPYRIGHT VIOLATION WARNING: “Credit Suisse High Yield Bond Fund (NYSE:DHY) Sees Large Growth in Short Interest” was originally reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this article on another website, it was illegally stolen and republished in violation of U.S. and international copyright law. The legal version of this article can be viewed at https://www.thecerbatgem.com/2017/08/07/credit-suisse-high-yield-bond-fund-nysedhy-sees-large-increase-in-short-interest-updated-updated-updated.html.

Credit Suisse High Yield Bond Fund Company Profile

Credit Suisse High Yield Bond Fund (the Fund) is a non-diversified, closed-end management investment company. The Fund’s investment objective is to seek high current income. The Fund will also seek capital appreciation as a secondary objective. The Fund invests in various sectors, such as advertising, auto parts and equipment, brokerage, building and construction, building materials, cable and satellite television, chemicals, consumer/commercial/lease financing, diversified capital goods, electronics, energy-exploration and production, food-wholesale, forestry and paper, gaming, gas distribution, real estate investment trusts, software-services, specialty retail, steel producers/products, support-services, theaters and entertainment, transport infrastructure/services, aerospace and defense, machinery, collateralized debt obligations and health facilities.

Receive News & Stock Ratings for Credit Suisse High Yield Bond Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Credit Suisse High Yield Bond Fund and related stocks with our FREE daily email newsletter.