Credit Suisse High Yield Bond Fund, Inc. (NYSEAMERICAN:DHY) Short Interest Down 66.6% in August

Credit Suisse High Yield Bond Fund, Inc. (NYSEAMERICAN:DHY) was the recipient of a significant decrease in short interest in the month of August. As of August 14th, there was short interest totaling 214,459 shares, a decrease of 66.6% from the July 30th total of 642,616 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily volume of 716,871 shares, the days-to-cover ratio is presently 0.3 days.

Credit Suisse High Yield Bond Fund Price Performance

DHY opened at $1.71 on Friday. The business has a 50 day simple moving average of $1.75 and a two-hundred day simple moving average of $1.81. Credit Suisse High Yield Bond Fund has a one year low of $1.71 and a one year high of $2.13.

Credit Suisse High Yield Bond Fund’s stock is set to reverse split before the market opens on 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 declared a monthly dividend, which was paid on Monday, August 24th. Investors of record on Monday, August 17th were paid a $0.0155 dividend. The ex-dividend date of this dividend was Monday, August 17th. This represents a c) dividend on an annualized basis and a yield of 10.9%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in DHY. Rockefeller Capital Management L.P. purchased a new position in shares of Credit Suisse High Yield Bond Fund during the fourth quarter valued at about $40,000. WealthTrust Asset Management LLC bought a new stake in shares of Credit Suisse High Yield Bond Fund during the first quarter valued at approximately $41,000. Osaic Holdings Inc. grew its stake in Credit Suisse High Yield Bond Fund by 227.2% in the second 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. Landscape Capital Management L.L.C. bought a new position in Credit Suisse High Yield Bond Fund in the fourth quarter worth $51,000. Finally, Winter & Associates Inc. bought a new position in Credit Suisse High Yield Bond Fund in the fourth quarter worth $53,000.

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.