Credit Suisse High Yield Bond Fund, Inc. (NYSEAMERICAN:DHY) Short Interest Up 34.9% in March

Credit Suisse High Yield Bond Fund, Inc. (NYSEAMERICAN:DHY) was the recipient of a large growth in short interest during the month of March. As of March 31st, there was short interest totalling 177,500 shares, a growth of 34.9% from the March 15th total of 131,600 shares. Based on an average daily trading volume, of 410,000 shares, the short-interest ratio is presently 0.4 days.

Insider Buying and Selling at Credit Suisse High Yield Bond Fund

In related news, insider Laura A. Defelice bought 56,801 shares of the business’s stock in a transaction on Tuesday, January 21st. The shares were purchased at an average price of $2.13 per share, with a total value of $120,986.13. Following the completion of the purchase, the insider now owns 66,653 shares of the company’s stock, valued at $141,970.89. This represents a 576.54 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 14.35% of the company’s stock.

Institutional Trading of Credit Suisse High Yield Bond Fund

A number of hedge funds and other institutional investors have recently modified their holdings of DHY. Apollon Wealth Management LLC acquired a new stake in shares of Credit Suisse High Yield Bond Fund in the 4th quarter valued at approximately $92,000. Park Avenue Securities LLC raised its stake in Credit Suisse High Yield Bond Fund by 5.3% in the 4th quarter. Park Avenue Securities LLC now owns 486,464 shares of the real estate investment trust’s stock worth $1,041,000 after purchasing an additional 24,667 shares in the last quarter. Commonwealth Equity Services LLC boosted its holdings in Credit Suisse High Yield Bond Fund by 7.2% in the 4th quarter. Commonwealth Equity Services LLC now owns 96,527 shares of the real estate investment trust’s stock valued at $207,000 after purchasing an additional 6,476 shares during the period. Avantax Advisory Services Inc. acquired a new stake in shares of Credit Suisse High Yield Bond Fund in the fourth quarter valued at approximately $50,000. Finally, Raymond James Financial Inc. bought a new stake in shares of Credit Suisse High Yield Bond Fund in the fourth quarter valued at approximately $26,000.

Credit Suisse High Yield Bond Fund Stock Performance

NYSEAMERICAN:DHY opened at $1.97 on Friday. Credit Suisse High Yield Bond Fund has a 52-week low of $1.82 and a 52-week high of $2.27. The stock has a 50-day simple moving average of $2.09 and a 200 day simple moving average of $2.11.

Credit Suisse High Yield Bond Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Tuesday, April 15th will be given a dividend of $0.0155 per share. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $0.19 annualized dividend and a yield of 9.44%.

Credit Suisse High Yield Bond Fund Company Profile

Credit Suisse High Yield Bond Fund, Inc is a closed ended fixed income mutual fund launched and managed by Credit Suisse Asset Management, LLC. The fund invests in the fixed income markets of the United States. It invests in the securities of companies across diversified sectors. The fund primarily invests in below-investment-grade corporate bonds with an average credit quality lower than BBB by Standard & Poor's and an average duration of 5.07 years.