Credit Suisse High Yield Bond Fund, Inc. (NYSEAMERICAN:DHY) Shares Shorted: Short Interest Up 160.6% in October

Credit Suisse High Yield Bond Fund, Inc. (NYSEAMERICAN:DHY) was the target of a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 157,021 shares, an increase of 160.6% from the September 30th total of 60,265 shares. Based on an average daily trading volume, of 78,800 shares, the days-to-cover ratio is currently 2.0 days. Approximately 1.3% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Rockefeller Capital Management L.P. bought a new stake in Credit Suisse High Yield Bond Fund during the 4th quarter worth $40,000. WealthTrust Asset Management LLC bought a new position in Credit Suisse High Yield Bond Fund in the first quarter valued at about $41,000. Integrated Advisors Network LLC raised its position in Credit Suisse High Yield Bond Fund by 129.4% in 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 purchasing an additional 54,926 shares during the last quarter. Integrated Wealth Concepts LLC raised 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 valued at $253,000 after purchasing an additional 119,546 shares during the last quarter. Finally, Janney Montgomery Scott LLC boosted its stake in shares of Credit Suisse High Yield Bond Fund by 5.9% during the first quarter. Janney Montgomery Scott LLC now owns 158,866 shares of the real estate investment trust’s stock valued at $302,000 after purchasing an additional 8,837 shares in the last quarter.

Credit Suisse High Yield Bond Fund Stock Down 0.2%

NYSEAMERICAN:DHY opened at $16.58 on Friday. Credit Suisse High Yield Bond Fund has a twelve month low of $15.00 and a twelve month high of $20.90. The stock’s 50-day simple moving average is $16.49 and its 200 day simple moving average is $17.88.

Credit Suisse High Yield Bond Fund Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Thursday, October 22nd. Investors of record on Thursday, October 15th were issued a dividend of $0.1550 per share. The ex-dividend date of this dividend was Thursday, October 15th. This represents a $1.86 annualized dividend and a dividend yield of 11.2%.

About Credit Suisse High Yield Bond Fund

Credit Suisse High Yield Bond Fund is a closed-end investment fund that seeks to provide a high level of current income, with capital appreciation as a secondary objective. The fund invests primarily in below-investment-grade corporate debt securities, commonly known as high-yield or “junk” bonds.

The fund’s portfolio may include bonds and other debt obligations issued by companies across a range of industries and geographic markets. These securities generally offer higher income potential than investment-grade bonds but also involve greater credit, interest-rate and market risks.

The fund was established to provide shareholders with professionally managed exposure to the high-yield bond market through a diversified portfolio.