Short Interest in Credit Suisse High Yield Bond Fund, Inc. (NYSEAMERICAN:DHY) Drops By 89.9%

Credit Suisse High Yield Bond Fund, Inc. (NYSEAMERICAN:DHY) saw a significant decrease in short interest in the month of May. As of May 29th, there was short interest totaling 229,477 shares, a decrease of 89.9% from the May 14th total of 2,281,431 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average daily volume of 613,442 shares, the short-interest ratio is presently 0.4 days.

Credit Suisse High Yield Bond Fund Stock Performance

Shares of Credit Suisse High Yield Bond Fund stock traded up $0.01 on Wednesday, reaching $1.75. 804,372 shares of the company were exchanged, compared to its average volume of 659,042. Credit Suisse High Yield Bond Fund has a 1-year low of $1.73 and a 1-year high of $2.16. The stock’s 50 day moving average price is $1.80 and its 200-day moving average price is $1.92.

Credit Suisse High Yield Bond Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, June 23rd. Stockholders of record on Monday, June 15th will be given a dividend of $0.0155 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a c) dividend on an annualized basis and a dividend yield of 10.6%.

Insider Transactions at Credit Suisse High Yield Bond Fund

In other Credit Suisse High Yield Bond Fund news, insider Charles Gerber purchased 16,000 shares of the business’s stock in a transaction on Thursday, April 16th. The shares were bought at an average cost of $1.88 per share, for a total transaction of $30,080.00. Following the completion of the purchase, the insider directly owned 16,000 shares of the company’s stock, valued at approximately $30,080. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 14.35% of the stock is owned by company insiders.

Hedge Funds Weigh In On Credit Suisse High Yield Bond Fund

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Invesco Ltd. grew its position in shares of Credit Suisse High Yield Bond Fund by 26.9% during the second quarter. Invesco Ltd. now owns 1,248,454 shares of the real estate investment trust’s stock worth $2,659,000 after buying an additional 264,382 shares in the last quarter. Fiera Capital Corp grew its position in shares of Credit Suisse High Yield Bond Fund by 47.3% during the fourth quarter. Fiera Capital Corp now owns 611,983 shares of the real estate investment trust’s stock worth $1,224,000 after buying an additional 196,469 shares in the last quarter. Wells Fargo & Company MN grew its position in shares of Credit Suisse High Yield Bond Fund by 17.5% during the fourth quarter. Wells Fargo & Company MN now owns 608,262 shares of the real estate investment trust’s stock worth $1,217,000 after buying an additional 90,611 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in Credit Suisse High Yield Bond Fund by 6.1% in the third quarter. Envestnet Asset Management Inc. now owns 548,129 shares of the real estate investment trust’s stock valued at $1,129,000 after purchasing an additional 31,342 shares in the last quarter. Finally, Park Avenue Securities LLC boosted its holdings in Credit Suisse High Yield Bond Fund by 2.9% in the fourth quarter. Park Avenue Securities LLC now owns 493,451 shares of the real estate investment trust’s stock valued at $987,000 after purchasing an additional 13,949 shares in the last quarter.

Credit Suisse High Yield Bond Fund Company Profile

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.