Credit Suisse High Yield Bond Fund (NYSE:DHY) was the recipient of a significant increase in short interest in the month of August. As of August 15th, there was short interest totalling 764,560 shares, an increase of 3.0% from the July 31st total of 741,969 shares. Currently, 0.9% of the company’s shares are sold short. Based on an average daily volume of 226,804 shares, the days-to-cover ratio is presently 3.4 days.

Large investors have recently added to or reduced their stakes in the stock. First Allied Advisory Services Inc. boosted its stake in Credit Suisse High Yield Bond Fund by 70.8% in the second quarter. First Allied Advisory Services Inc. now owns 41,000 shares of the real estate investment trust’s stock valued at $116,000 after buying an additional 17,000 shares during the last quarter. Virtu KCG Holdings LLC boosted its stake in Credit Suisse High Yield Bond Fund by 170.7% in the second quarter. Virtu KCG Holdings LLC now owns 124,925 shares of the real estate investment trust’s stock valued at $354,000 after buying an additional 78,769 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in Credit Suisse High Yield Bond Fund by 50.5% in the second quarter. Ameriprise Financial Inc. now owns 489,308 shares of the real estate investment trust’s stock valued at $1,379,000 after buying an additional 164,196 shares during the last quarter. Wells Fargo & Company MN boosted its stake in Credit Suisse High Yield Bond Fund by 2.0% in the second quarter. Wells Fargo & Company MN now owns 243,449 shares of the real estate investment trust’s stock valued at $689,000 after buying an additional 4,677 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. boosted its stake in Credit Suisse High Yield Bond Fund by 43.1% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 37,639 shares of the real estate investment trust’s stock valued at $107,000 after buying an additional 11,328 shares during the last quarter.

Shares of Credit Suisse High Yield Bond Fund (NYSE DHY) opened at 2.83 on Friday. The company has a 50-day moving average of $2.85 and a 200-day moving average of $2.79. Credit Suisse High Yield Bond Fund has a 12-month low of $2.17 and a 12-month high of $2.91.

The company also recently announced a monthly dividend, which was paid on Tuesday, August 22nd. Shareholders of record on Wednesday, August 16th were paid a $0.022 dividend. This represents a $0.26 annualized dividend and a yield of 9.33%. The ex-dividend date of this dividend was Monday, August 14th.

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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.

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