Credit Suisse High Yield Bond Fund (NYSEAMERICAN:DHY) Stock Passes Below 200 Day Moving Average – What’s Next?

Shares of Credit Suisse High Yield Bond Fund, Inc. (NYSEAMERICAN:DHY) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $1.90 and traded as low as $1.73. Credit Suisse High Yield Bond Fund shares last traded at $1.74, with a volume of 909,204 shares changing hands.

Credit Suisse High Yield Bond Fund Stock Up 0.6%

The company’s fifty day moving average price is $1.78 and its 200 day moving average price is $1.90.

Credit Suisse High Yield Bond Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, June 23rd. Stockholders of record on Monday, June 15th will be issued a $0.0155 dividend. The ex-dividend date is Monday, June 15th. This represents a c) annualized dividend and a dividend yield of 10.7%.

Insider Activity at Credit Suisse High Yield Bond Fund

In other news, insider Charles Gerber bought 16,000 shares of the stock in a transaction dated Thursday, April 16th. The stock was bought at an average price of $1.88 per share, for a total transaction of $30,080.00. Following the completion of the acquisition, the insider directly 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 SEC, which can be accessed through this hyperlink. 14.35% of the stock is currently owned by corporate insiders.

Institutional Trading of Credit Suisse High Yield Bond Fund

Several institutional investors and hedge funds have recently made changes to their positions in DHY. Adapt Wealth Advisors LLC purchased a new stake in shares of Credit Suisse High Yield Bond Fund in the third quarter valued at about $31,000. Rockefeller Capital Management L.P. purchased a new stake in Credit Suisse High Yield Bond Fund during the fourth quarter worth about $40,000. WealthTrust Asset Management LLC purchased a new stake in Credit Suisse High Yield Bond Fund during the first quarter worth about $41,000. Integrity Advisory Solutions LLC purchased a new stake in Credit Suisse High Yield Bond Fund during the third quarter worth about $44,000. Finally, Landscape Capital Management L.L.C. purchased a new stake in Credit Suisse High Yield Bond Fund during the fourth quarter worth about $51,000.

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.