Credit Suisse High Yield Bond Fund, Inc. (NYSEAMERICAN:DHY) Short Interest Up 64.3% in August

Credit Suisse High Yield Bond Fund, Inc. (NYSEAMERICAN:DHY) was the recipient of a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 352,285 shares, an increase of 64.3% from the August 15th total of 214,459 shares. Currently, 0.4% of the shares of the company are sold short. Based on an average daily volume of 713,628 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Investors Weigh In On Credit Suisse High Yield Bond Fund

Institutional investors and hedge funds have recently bought and sold shares of the business. Rareview Capital LLC acquired a new position in Credit Suisse High Yield Bond Fund in the second quarter valued at approximately $1,861,000. Fiera Capital Corp grew its stake in shares of Credit Suisse High Yield Bond Fund by 47.3% in the fourth quarter. Fiera Capital Corp now owns 611,983 shares of the real estate investment trust’s stock worth $1,224,000 after purchasing an additional 196,469 shares in the last quarter. Integrated Wealth Concepts LLC lifted its holdings in Credit Suisse High Yield Bond Fund by 533.1% in the second quarter. Integrated Wealth Concepts LLC now owns 141,972 shares of the real estate investment trust’s stock worth $253,000 after purchasing an additional 119,546 shares during the period. Integrated Advisors Network LLC lifted its holdings in Credit Suisse High Yield Bond Fund by 129.4% in the first quarter. Integrated Advisors Network LLC now owns 97,380 shares of the real estate investment trust’s stock worth $185,000 after purchasing an additional 54,926 shares during the period. Finally, World Investment Advisors bought a new position in Credit Suisse High Yield Bond Fund in the 4th quarter valued at about $106,000.

Credit Suisse High Yield Bond Fund Trading Down 1.2%

DHY stock opened at $1.62 on Thursday. Credit Suisse High Yield Bond Fund has a 1-year low of $1.62 and a 1-year high of $2.13. The firm has a fifty day moving average price of $1.73 and a two-hundred day moving average price of $1.78.

Credit Suisse High Yield Bond Fund shares are set to reverse split on the morning of Wednesday, September 30th. The 1-10 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Tuesday, September 29th.

Credit Suisse High Yield Bond Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, September 23rd. Investors of record on Wednesday, September 16th will be given a dividend of $0.0155 per share. This represents a c) dividend on an annualized basis and a dividend yield of 11.5%. The ex-dividend date of this dividend is Wednesday, September 16th.

Credit Suisse High Yield Bond Fund Company Profile

Credit Suisse High Yield Bond Fund is a closed-end investment fund listed on the NYSE American under the symbol DHY. The fund is designed to provide investors with exposure to the high-yield bond market, commonly known as the below-investment-grade or “junk” bond market.

The fund invests primarily in a diversified portfolio of high-yield corporate debt securities. These holdings may include bonds and other fixed-income instruments issued by companies across a range of industries, with the portfolio focused on generating a high level of current income.