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

Credit Suisse High Yield Bond Fund, Inc. (NYSEAMERICAN:DHY) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $2.05 and traded as low as $1.95. Credit Suisse High Yield Bond Fund shares last traded at $1.96, with a volume of 537,823 shares.

Credit Suisse High Yield Bond Fund Stock Down 0.5%

The business has a 50 day moving average price of $2.01 and a two-hundred day moving average price of $2.05.

Credit Suisse High Yield Bond Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, February 24th. Stockholders of record on Tuesday, February 17th will be paid a dividend of $0.0155 per share. The ex-dividend date of this dividend is Tuesday, February 17th. This represents a c) annualized dividend and a dividend yield of 9.5%.

Institutional Trading of Credit Suisse High Yield Bond Fund

Large investors have recently bought and sold shares of the company. Wolverine Asset Management LLC purchased a new position in Credit Suisse High Yield Bond Fund in the second quarter worth about $381,000. Shaker Financial Services LLC purchased a new position in shares of Credit Suisse High Yield Bond Fund in the second quarter worth approximately $118,000. D.A. Davidson & CO. boosted its holdings in shares of Credit Suisse High Yield Bond Fund by 32.0% in the fourth quarter. D.A. Davidson & CO. now owns 43,680 shares of the real estate investment trust’s stock worth $87,000 after buying an additional 10,580 shares during the last quarter. Park Avenue Securities LLC grew its position in Credit Suisse High Yield Bond Fund by 2.9% during 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 buying an additional 13,949 shares during the period. Finally, Integrity Advisory Solutions LLC bought a new position in Credit Suisse High Yield Bond Fund in the third quarter worth approximately $44,000.

About Credit Suisse High Yield Bond Fund

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.