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

Credit Suisse High Yield Bond Fund, Inc. (NYSEAMERICAN:DHY) crossed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $1.77 and traded as low as $1.6150. Credit Suisse High Yield Bond Fund shares last traded at $1.62, with a volume of 4,485,913 shares trading hands.

Credit Suisse High Yield Bond Fund Price Performance

The stock has a 50 day simple moving average of $1.71 and a two-hundred day simple moving average of $1.77.

Credit Suisse High Yield Bond Fund’s stock is going 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 market closes on Tuesday, September 29th.

Credit Suisse High Yield Bond Fund Announces Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, September 23rd. Shareholders of record on Wednesday, September 16th were given a dividend of $0.0155 per share. This represents a $0.19 annualized dividend and a yield of 11.5%. The ex-dividend date of this dividend was Wednesday, September 16th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Integrated Wealth Concepts LLC increased its stake in shares of Credit Suisse High Yield Bond Fund by 533.1% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 141,972 shares of the real estate investment trust’s stock worth $253,000 after purchasing an additional 119,546 shares during the last quarter. Rareview Capital LLC bought a new position in Credit Suisse High Yield Bond Fund during the second quarter worth about $1,861,000. WealthTrust Asset Management LLC bought a new position in Credit Suisse High Yield Bond Fund during the first quarter worth about $41,000. Integrated Advisors Network LLC increased its position in Credit Suisse High Yield Bond Fund by 129.4% during the first 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, Janney Montgomery Scott LLC increased its position in 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 worth $302,000 after buying an additional 8,837 shares during the last quarter.

About Credit Suisse High Yield Bond Fund

Credit Suisse High Yield Bond Fund is a closed-end investment fund listed on the NYSE American under the symbol DHY. The fund is designed to provide investors with exposure to the high-yield bond market, commonly known as the below-investment-grade or “junk” bond market.

The fund invests primarily in a diversified portfolio of high-yield corporate debt securities. These holdings may include bonds and other fixed-income instruments issued by companies across a range of industries, with the portfolio focused on generating a high level of current income.