Credit Suisse High Yield Bond Fund (NYSEAMERICAN:DHY) Shares Pass Below 200-Day Moving Average – Should You Sell?

Shares of Credit Suisse High Yield Bond Fund, Inc. (NYSEAMERICAN:DHY) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $2.07 and traded as low as $2.00. Credit Suisse High Yield Bond Fund shares last traded at $2.02, with a volume of 869,826 shares traded.

Credit Suisse High Yield Bond Fund Stock Performance

The company’s 50 day moving average price is $2.02 and its two-hundred day moving average price is $2.07.

Credit Suisse High Yield Bond Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, January 26th. Shareholders of record on Friday, January 16th will be given a dividend of $0.0155 per share. The ex-dividend date of this dividend is Friday, January 16th. This represents a c) dividend on an annualized basis and a yield of 9.2%.

Hedge Funds Weigh In On Credit Suisse High Yield Bond Fund

Several institutional investors have recently made changes to their positions in DHY. Adapt Wealth Advisors LLC purchased a new stake in Credit Suisse High Yield Bond Fund in the third quarter worth about $31,000. Allworth Financial LP purchased a new position in Credit Suisse High Yield Bond Fund during the 2nd quarter valued at about $43,000. Integrity Advisory Solutions LLC bought a new stake in shares of Credit Suisse High Yield Bond Fund in the 3rd quarter valued at about $44,000. Osaic Holdings Inc. lifted its position in shares of Credit Suisse High Yield Bond Fund by 227.2% in the 2nd quarter. Osaic Holdings Inc. now owns 24,628 shares of the real estate investment trust’s stock worth $52,000 after purchasing an additional 17,101 shares during the period. Finally, Susquehanna International Group LLP lifted its position in shares of Credit Suisse High Yield Bond Fund by 73.8% in the 3rd quarter. Susquehanna International Group LLP now owns 30,583 shares of the real estate investment trust’s stock worth $63,000 after purchasing an additional 12,982 shares during the period.

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.