Credit Suisse High Yield Bond Fund, Inc. (NYSEAMERICAN:DHY) Sees Significant Decrease in Short Interest

Credit Suisse High Yield Bond Fund, Inc. (NYSEAMERICAN:DHY) was the recipient of a significant decrease in short interest in May. As of May 29th, there was short interest totaling 229,477 shares, a decrease of 89.9% from the May 14th total of 2,281,431 shares. Currently, 0.3% of the shares of the company are short sold. Based on an average daily volume of 613,442 shares, the days-to-cover ratio is currently 0.4 days.

Insider Activity

In other Credit Suisse High Yield Bond Fund news, insider Charles Gerber purchased 16,000 shares of the stock in a transaction dated Thursday, April 16th. The shares were purchased at an average cost of $1.88 per share, with a total value of $30,080.00. Following the completion of the acquisition, the insider directly owned 16,000 shares in the company, valued at $30,080. This trade represents a ? increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 14.35% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Integrated Advisors Network LLC increased its position in Credit Suisse High Yield Bond Fund by 129.4% during the first quarter. Integrated Advisors Network LLC now owns 97,380 shares of the real estate investment trust’s stock valued at $185,000 after acquiring an additional 54,926 shares during the last quarter. Rockefeller Capital Management L.P. purchased a new stake in Credit Suisse High Yield Bond Fund during the fourth quarter valued at $40,000. World Investment Advisors purchased a new stake in Credit Suisse High Yield Bond Fund during the fourth quarter valued at $106,000. Fiera Capital Corp increased its position in Credit Suisse High Yield Bond Fund by 47.3% during the fourth quarter. Fiera Capital Corp now owns 611,983 shares of the real estate investment trust’s stock valued at $1,224,000 after acquiring an additional 196,469 shares during the last quarter. Finally, Integrity Advisory Solutions LLC increased its position in Credit Suisse High Yield Bond Fund by 24.9% during the fourth quarter. Integrity Advisory Solutions LLC now owns 26,501 shares of the real estate investment trust’s stock valued at $53,000 after acquiring an additional 5,280 shares during the last quarter.

Credit Suisse High Yield Bond Fund Trading Up 0.6%

Shares of NYSEAMERICAN:DHY traded up $0.01 during midday trading on Tuesday, reaching $1.74. 951,653 shares of the company’s stock traded hands, compared to its average volume of 611,697. Credit Suisse High Yield Bond Fund has a one year low of $1.73 and a one year high of $2.16. The stock has a 50 day moving average of $1.80 and a 200 day moving average of $1.92.

Credit Suisse High Yield Bond Fund Dividend Announcement

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

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.