Credit Suisse High Yield Bond Fund (NYSEAMERICAN:DHY) Share Price Passes Above 50 Day Moving Average – Here’s What Happened

Credit Suisse High Yield Bond Fund, Inc. (NYSEAMERICAN:DHY) passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $1.76 and traded as high as $1.78. Credit Suisse High Yield Bond Fund shares last traded at $1.75, with a volume of 774,434 shares.

Credit Suisse High Yield Bond Fund Price Performance

The company’s 50-day moving average is $1.76 and its two-hundred day moving average is $1.86.

Credit Suisse High Yield Bond Fund Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Thursday, July 23rd. Shareholders of record on Thursday, July 16th were issued a $0.0155 dividend. This represents a c) dividend on an annualized basis and a yield of 10.8%. The ex-dividend date of this dividend was Thursday, July 16th.

Institutional Trading of Credit Suisse High Yield Bond Fund

Several large investors have recently bought and sold shares of DHY. Rockefeller Capital Management L.P. purchased a new stake in shares of Credit Suisse High Yield Bond Fund in the fourth quarter worth $40,000. WealthTrust Asset Management LLC bought a new position in shares of Credit Suisse High Yield Bond Fund during the 1st quarter valued at $41,000. Landscape Capital Management L.L.C. purchased a new position in Credit Suisse High Yield Bond Fund in the fourth quarter worth about $51,000. Osaic Holdings Inc. grew its position in Credit Suisse High Yield Bond Fund by 227.2% during the second quarter. Osaic Holdings Inc. now owns 24,628 shares of the real estate investment trust’s stock valued at $52,000 after buying an additional 17,101 shares during the period. Finally, Integrity Advisory Solutions LLC increased its stake in shares of Credit Suisse High Yield Bond Fund by 24.9% in the 4th quarter. Integrity Advisory Solutions LLC now owns 26,501 shares of the real estate investment trust’s stock worth $53,000 after purchasing an additional 5,280 shares in the last quarter.

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.