Credit Suisse High Yield Bond Fund (NYSEAMERICAN:DHY) Stock Crosses Below Two Hundred Day Moving Average – Here’s Why

Credit Suisse High Yield Bond Fund, Inc. (NYSEAMERICAN:DHY)’s stock price crossed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $17.49 and traded as low as $16.17. Credit Suisse High Yield Bond Fund shares last traded at $16.24, with a volume of 32,703 shares changing hands.

Credit Suisse High Yield Bond Fund Stock Performance

The firm’s 50 day moving average is $16.82 and its two-hundred day moving average is $17.49.

Credit Suisse High Yield Bond Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Thursday, October 22nd. Shareholders of record on Thursday, October 15th will be paid a $0.1550 dividend. This represents a $1.86 dividend on an annualized basis and a yield of 11.5%. The ex-dividend date is Thursday, October 15th.

Hedge Funds Weigh In On Credit Suisse High Yield Bond Fund

Several institutional investors have recently made changes to their positions in DHY. Rockefeller Capital Management L.P. bought a new stake in shares of Credit Suisse High Yield Bond Fund in the 4th quarter worth approximately $40,000. WealthTrust Asset Management LLC bought a new position in Credit Suisse High Yield Bond Fund during the 1st quarter worth $41,000. World Investment Advisors bought a new position in Credit Suisse High Yield Bond Fund during the 4th quarter worth $106,000. Integrated Advisors Network LLC grew its stake in Credit Suisse High Yield Bond Fund by 129.4% during the 1st quarter. Integrated Advisors Network LLC now owns 97,380 shares of the real estate investment trust’s stock worth $185,000 after buying an additional 54,926 shares during the last quarter. Finally, Integrated Wealth Concepts LLC increased its position in Credit Suisse High Yield Bond Fund by 533.1% in the second quarter. Integrated Wealth Concepts LLC now owns 141,972 shares of the real estate investment trust’s stock worth $253,000 after buying an additional 119,546 shares during the period.

About Credit Suisse High Yield Bond Fund

Credit Suisse High Yield Bond Fund, Inc is a closed-end investment fund traded on the NYSE American under the symbol DHY. The fund seeks to provide investors with a high level of current income, with capital appreciation as a secondary objective, by investing primarily in high-yield corporate debt securities.

The fund’s portfolio generally consists of below-investment-grade bonds, commonly known as high-yield or “junk” bonds. These securities are issued by companies across a range of industries and may include debt issued by U.S.