Credit Suisse High Yield Bond Fund, Inc. (NYSEAMERICAN:DHY) Short Interest Update

Credit Suisse High Yield Bond Fund, Inc. (NYSEAMERICAN:DHY) was the target of a large increase in short interest in February. As of February 28th, there was short interest totalling 74,600 shares, an increase of 100.5% from the February 13th total of 37,200 shares. Based on an average daily volume of 363,600 shares, the days-to-cover ratio is presently 0.2 days.

Credit Suisse High Yield Bond Fund Price Performance

Shares of DHY stock traded up $0.03 during mid-day trading on Friday, reaching $2.14. 292,959 shares of the company’s stock traded hands, compared to its average volume of 360,403. Credit Suisse High Yield Bond Fund has a 12 month low of $1.96 and a 12 month high of $2.27. The firm’s 50 day moving average price is $2.13.

Credit Suisse High Yield Bond Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, March 24th. Shareholders of record on Monday, March 17th will be given a $0.0155 dividend. This represents a $0.19 dividend on an annualized basis and a yield of 8.69%. The ex-dividend date is Monday, March 17th.

Insider Buying and Selling at Credit Suisse High Yield Bond Fund

In related news, insider Laura A. Defelice purchased 56,801 shares of Credit Suisse High Yield Bond Fund stock in a transaction dated Tuesday, January 21st. The stock was purchased at an average cost of $2.13 per share, for a total transaction of $120,986.13. Following the completion of the purchase, the insider now directly owns 66,653 shares of the company’s stock, valued at $141,970.89. The trade was a 576.54 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 14.35% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. LPL Financial LLC boosted its stake in shares of Credit Suisse High Yield Bond Fund by 10.0% in the fourth quarter. LPL Financial LLC now owns 811,454 shares of the real estate investment trust’s stock worth $1,737,000 after acquiring an additional 73,600 shares during the period. Envestnet Asset Management Inc. increased its holdings in shares of Credit Suisse High Yield Bond Fund by 1.9% in the fourth quarter. Envestnet Asset Management Inc. now owns 524,766 shares of the real estate investment trust’s stock worth $1,123,000 after purchasing an additional 10,015 shares during the last quarter. Park Avenue Securities LLC increased its stake in Credit Suisse High Yield Bond Fund by 5.3% in the 4th quarter. Park Avenue Securities LLC now owns 486,464 shares of the real estate investment trust’s stock worth $1,041,000 after acquiring an additional 24,667 shares during the last quarter. Harbour Investments Inc. grew its holdings in shares of Credit Suisse High Yield Bond Fund by 6.0% in the fourth quarter. Harbour Investments Inc. now owns 98,532 shares of the real estate investment trust’s stock valued at $211,000 after purchasing an additional 5,552 shares in the last quarter. Finally, Commonwealth Equity Services LLC grew its holdings in shares of Credit Suisse High Yield Bond Fund by 7.2% in the fourth quarter. Commonwealth Equity Services LLC now owns 96,527 shares of the real estate investment trust’s stock valued at $207,000 after purchasing an additional 6,476 shares in the last quarter.

About Credit Suisse High Yield Bond Fund

Credit Suisse High Yield Bond Fund, Inc is a closed ended fixed income mutual fund launched and managed by Credit Suisse Asset Management, LLC. The fund invests in the fixed income markets of the United States. It invests in the securities of companies across diversified sectors. The fund primarily invests in below-investment-grade corporate bonds with an average credit quality lower than BBB by Standard & Poor's and an average duration of 5.07 years.