Credit Suisse High Yield Bond Fund (NYSEAMERICAN:DHY) Share Price Passes Below Two Hundred Day Moving Average – Time to Sell?

Shares of Credit Suisse High Yield Bond Fund, Inc. (NYSEAMERICAN:DHY) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $2.07 and traded as low as $2.00. Credit Suisse High Yield Bond Fund shares last traded at $2.01, with a volume of 430,741 shares traded.

Credit Suisse High Yield Bond Fund Price Performance

The business’s fifty day simple moving average is $2.02 and its 200-day simple moving average is $2.07.

Credit Suisse High Yield Bond Fund Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Monday, January 26th. Investors of record on Friday, January 16th were given a $0.0155 dividend. This represents a c) annualized dividend and a yield of 9.3%. The ex-dividend date was Friday, January 16th.

Hedge Funds Weigh In On Credit Suisse High Yield Bond Fund

Institutional investors and hedge funds have recently made changes to their positions in the business. Adapt Wealth Advisors LLC bought a new position in Credit Suisse High Yield Bond Fund during the third quarter valued at $31,000. Allworth Financial LP purchased a new stake in Credit Suisse High Yield Bond Fund in the 2nd quarter worth about $43,000. Integrity Advisory Solutions LLC bought a new stake in Credit Suisse High Yield Bond Fund in the third quarter worth about $44,000. Osaic Holdings Inc. grew its stake in shares of Credit Suisse High Yield Bond Fund by 227.2% during the second quarter. Osaic Holdings Inc. now owns 24,628 shares of the real estate investment trust’s stock valued at $52,000 after buying an additional 17,101 shares during the last quarter. Finally, Susquehanna International Group LLP raised its holdings in shares of Credit Suisse High Yield Bond Fund by 73.8% in the third quarter. Susquehanna International Group LLP now owns 30,583 shares of the real estate investment trust’s stock worth $63,000 after buying an additional 12,982 shares during the period.

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.